Monthly Archives: June 2009
Peltz, Kurland Seek Stock Sales to Buy Mortgages
Bloomberg – Billionaire Nelson Peltz and former Countrywide Financial Corp. President Stanford Kurland are among at least six investors turning to the public markets to finance purchases of distressed home loans and corporate debt. The investors, most of whom previously […]
IndexIQ Launches Second Hedge Fund Replication ETF: MCRO
Seeking Alpha – The second hedge fund replication ETF from IndexIQ began trading on Tuesday (6/09/09). According to the press release, the IQ Hedge Macro Tracker ETF (MCRO) seeks to deliver risk-adjusted return characteristics similar to macro and emerging-market style […]
BTIG to Expand, Hires 4 High Yield Experts
West Palm Beach (HedgeCo.net) – Institutional brokerage and hedge fund services company BTIG LLC, announced the further expansion of its Global Fixed Income Group with four new hires. The Global Fixed Income Group was launched in February of this year […]
Cayman Islands Monetary Authority Gains Full IOSCO Membership
West Palm Beach (HedgeCo.net) – The Cayman Islands Monetary Authority (CIMA) was formally admitted as the 189th member of the International Organization of Securities Commissions (IOSCO) at the meeting of the Presidents’ Committee at IOSCO’s 34th Annual Conference in Tel […]
Stock futures flat ahead of retail, jobless data
Reuters – Wall Street was set to open flat on Thursday, with investors eyeing retail sales and weekly jobless data for fresh insight into the state of the recession-hit economy. * Investors will watch a 30-year treasury note auction for […]
Hedge fund DE Shaw fires 25 support staff-sources
Reuters – DE Shaw & Co, one of the world’s largest hedge fund managers, fired about 25 administrative and support staff on Tuesday and reassigned other employees in an effort to boost efficiency, people familiar with the situation said. The […]
Hedge Fund Provider Appoints Risk Specialist as Senior Advisor
West Palm Beach (HedgeCo.net) – Risk management expert, Dr. Stuart Turnbull, has been appointed as senior advisor to independent hedge fund technology provider GlobeOp’s Risk Services. "Risk measurement, analytics and reporting are increasingly important to hedge funds and investors alike," […]
Northern Trust Named Fund of Hedge Funds
West Palm Beach (HedgeCo.net) – Financial technology vendor youDevise Limited congratulated its client Northern Trust upon being awarded the Fund of Hedge Funds Administrator of the Year award at the inaugural HFMWeek Service Provider Awards, held recently in London. Northern […]
Reluctant hedge fund mergers
Stuff – The beleaguered hedge fund industry is rife with talk of consolidation, as dwindling asset bases eat into firms’ profits, with the key barriers likely to be hedge fund managers’ egos and poor rewards for sellers. Man Group and […]
Canyon, Citadel Ride Convertibles Resurgence to Recoup Losses
Bloomberg – Convertible bonds that punished hedge funds in 2008 are driving returns at Canyon Partners and Citadel Investment Group LLC and helping companies from JetBlue Airways Corp. to Alliance Data Systems Corp. raise capital. Canyon, the $14.4 billion investment […]