Monthly Archives: June 2009

Flowering Tree to Grow Hedge Fund in ‘Fertile Environment’

June 4, 2009 : Permalink

Bloomberg – Flowering Tree Investment Management Pte, set up by the co-founder of New York-based Sansar Capital Management LLC, plans to grow its Asian equities hedge fund by about 20 times its starting capital within the next two years. The […]

Japan’s First Short-Biased Hedge Fund Bets Exporters Will Fall

June 4, 2009 : Permalink

Bloomberg – Alphex Investments Co., the adviser to Japan’s first short-biased hedge fund, plans to sell exporters’ shares, wagering they’ll fall on a rising yen and weak global economy, boosting the fund that started in March. “What we’re seeing right […]

Hedge fund proposal dies in legislature

June 4, 2009 : Permalink

Stamford Advocate – Although it had bipartisan support, a bill requiring hedge funds operating in Connecticut to disclose conflicts of interest to investors died in the House of Representatives Wednesday, the final day of the 2009 legislative session. "It ‘blew […]

Bowne and HedgeOp Join Forces to Launch Hedge Fund Compliance Software

June 3, 2009 : Permalink

West Palm Beach (HedgeCo.net) – Bowne & Co., Inc. has signed an alliance with HedgeOp Compliance to offer two new compliance solutions for hedge funds and other registered investment advisers. The first of the hedge fund tools, ‘Bowne ComplianceTrak’, is […]

David Einhorn, still a hedge fund rock star

June 3, 2009 : Permalink

FierceFinance – David Einhorn, the head of Greenlight Capital, caused quite a stir at the Ira W. Sohn Investment Research Conference last year. He made it known that he was shorting Lehman Brothers, which was trading at $60 at the […]

Paulson & Co Hedge Fund Files 13G on anglogold Ashanti

June 3, 2009 : Permalink

Seeking Alpha – While John Paulson’s position in AngloGold Ashanti (AU) is no secret, his hedge fund has just filed a 13G with the SEC with regard to the position. Paulson & Co has disclosed a 12.1% ownership stake in […]

Hedge fund firm ISAM hires ex-RAB director Barker

June 3, 2009 : Permalink

Reuters – International Standard Asset Management, the hedge fund firm headed by former Man Group chief executive Stanley Fink, has hired former RAB Capital director Rod Barker to help build the business. Barker, who resigned from RAB at the end […]

Investing in Lawsuits, for a Share of the Awards

June 3, 2009 : Permalink

Sarasota Herald-Tribune – Richard W. Fields says he has come up with a win-win financial strategy for the downturn. He is investing in lawsuits. Not in trip-and-fall cases, mind you, but in disputes that are far larger, more costly and […]

Et-China soars after Kuoni buys hedge fund’s 31.8 pct stake in company

June 3, 2009 : Permalink

Proactive Investors UK – Shares in Et-china.com International Holdings LTD (AIM: ETC) got an enormous boost today from news that Kuoni Travel Holding Ltd has bought the 31.8 percent stake in the company that was held by hedge fund Gandhara […]

Brevan Howard posts 503 million pound profit

June 3, 2009 : Permalink

Reuters – Brevan Howard Asset Management, Europe’s biggest hedge fund firm, made an operating profit of 503 million pounds in the year to July 2008, helped by strong performance from its flagship fund. According to a regulatory filing the firm, […]

JPMorgan to break up unit’s hedge fund

June 3, 2009 : Permalink

Reuters – JPMorgan Chase & Co plans to shut down its Principal Investment Management Group’s hedge-fund business and private-equity division, with the exception of a team that focuses on Asia, Bloomberg said, citing two people familiar with the plan. Bob […]

Barclays sees $50 billion hedge fund inflows this year

June 3, 2009 : Permalink

Reuters – Improving markets and a need to recoup 2008 losses will prompt investors to pour $50 billion (30 billion pounds) into hedge funds this year and slow redemptions, Barclays Capital said in a report on Tuesday. More than 300 […]