Monthly Archives: August 2011
Statement for the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association
John Bellows: Acting Assistant Secretary for Economic Policy – Economic growth moderated in the first half of 2011. The advance estimate by the Bureau of Economic Analysis (BEA) is that real GDP rose by 1.3 percent at an annual rate […]
Pro-Romney group raises $12M
Bloomberg – A new “super” political action committee supportive of former Massachusetts Gov. Mitt Romney has raised more than $12 million, drawing on big-dollar donations to help the former Republican governor in his bid for the White House. The Restore […]
Paul Marino to Moderate Hedge Fund Boot Camp Event During Alternative Asset Summit
Benzinga – Paul Marino of Marino + Associates PC, will speak at the Alternative Asset Summit being held October 12-14, 2011, at the Palazzo Resort Hotel Casino in Las Vegas. He will also moderate the conference’s Hedge Fund Boot Camp […]
Hedge fund lifts stake in Pyne Gould Corporation
BusinessDay – Californian hedge fund Baker Street Capital has lifted its holding again in Pyne Gould Corporation to nearly 12 per cent. The hedge fund manager is saying nothing about its intentions towards PGC, where it has aggressively built a substantial […]
Hedge Fund Giant Bill Miller’s Abrupt Fall From Grace
Advanced Trading – Until 2005 famed hedge fund manager Bill Miller had the Midas touch, beating the S&P 500 index for 15 consecutive years while running Legg Mason Capital Management Value Trust. But times have changed for the 61-year-old head […]
Jana, Ontario teachers buy stake in McGraw-Hill
BusinessWeek – Activist hedge fund Jana Partners said Monday that it has teamed up with the Ontario Teachers Pension Plan Board to buy a 5.2 percent, $531 million stake in textbook publisher McGraw-Hill Cos., saying the shares were undervalued and […]
Hedge funds bullish on US equities, will need to invest aggressively to pass 2008 highwater marks
Opalesque – Even ahead of the US debt ceiling agreement, hedge fund managers have been turning increasingly bullish on US equities. With TrimTabs and BarclayHedge reporting 43% of managers expressing bullish sentiments about the S&P 500 (in July), it seems as though […]
SEBI begins hedge fund regulation
India – The Securities and Exchange Board of India (SEBI) on Monday released a paper on regulation of alternative investments, including hedge funds. Alternative investment funds or AIFs have been classified into 9 categories. Any fund operating as hedge fund shall […]
Take It To The Limit
New Yorker – There is the current crop of Ohio Republicans, and then there are those who art in Heaven. A specimen of the former, ultimate destination unknown, is Speaker of the House John Boehner, a perpetrator (and, arguably, a […]
Suit challenging CO education funds goes to trial
AP — Colorado Democratic Gov. John Hickenlooper and Republican Attorney General John Suthers say a lawsuit questioning how the state funds education can cost the state billions of dollars and open the door for more court challenges by groups unhappy about other […]
Rathbone and Liontrust income funds join ‘blacklist’
Money Marketing – Rathbone and Liontrust have both seen their flagship income funds added to the black list of underperformers in Principal Investment Management’s latest income study. The £465m Rathbone income fund, managed by Carl Stick, and the £341m Liontrust […]
Man tops list of 50 biggest hedge funds
City AM – Man Investments is Europe’s leading hedge fund, topping the list of an industry that has has bounced back as a whole in 2011. Man’s hedge fund arm had assets under management (AUM) of $34.1bn (£20.9bn) as of […]