Monthly Archives: August 2009
Riding a green tide: Matthew Goldstein
Reuters – PetroAlgae is one of those many clean-tech companies that seem to burn through cash faster than a Hummer goes through a gallon of gas. Yet something curious is going on with shares of this Melbourne, Florida-based company, which […]
SFO to investigate banks over mis-selling of complex products
Citywire.co.uk – The Serious Fraud Office (SFO) is to probe UK banks for evidence that complex financial products were mis-sold to consumers before the recession hit. SFO director Richard Alderman plans to investigate the sale of complicated financial instruments like […]
Fixed income unit boosts BNP Paribas CIB revenues
Boston Globe – French bank BNP Paribas’s revenues from corporate and investment banking nearly doubled in the second quarter as robust investor demand boosted revenues from the bank’s fixed income business unit. BNP Paribas’s CIB revenues totaled 3.351 billion euros […]
Hedge Fund Industry Assets Surge – HFR
HedgeCo.net (West Palm Beach) – Assets invested in the hedge fund industry increased by $100 billion in the second quarter of 2009, ending at $1.43 trillion, according to figures released by Hedge Fund Research (HFR). This is the first quarterly […]
EU Law May Cost Pension Industry Billions of Euros, AIMA Claims
Bloomberg – The European Union’s plan to regulate hedge funds will cost the bloc’s pension industry about 25 billion euros ($36 billion) a year, the Alternative Investment Management Association said. The proposed law would drive pension funds toward more traditional […]
Merlin Merger Provides Hedge Fund Managers Access to Network of Industry Experts
HedgeCo.net (West Palm Beach) – Hedge fund prime broker Merlin Securities and financial tech group Gerson Lehrman, announced an exclusive research partnership which will allow Merlin to provide emerging managers with access to Gerson Lehrman Group’snetwork of more than 200,000 […]
Following the Money Behind Public Pension Funds
WNYC – An investigation into corruption at the New York State pension fund has raised questions about the fund’s dealings with Wall Street. Federal and state regulators are examining how the pension fund chooses its private money managers. Last month […]
Man Group to launch AHL strategy into retail market
CityWire.co.uk – Hedge fund giant Man Investments is to launch its popular AHL managed futures trading strategy into the retail market. The fund, which is planned for launch on 1 October, will be domiciled in the UK and employ Ucits […]
George Soros snaps up GLG hedge fund star Robert Donald
Times Online – GLG Partners, the London-based hedge fund, is on the point of losing a star fund manager this weekend in a situation that mirrors the high-profile departure of another top manager, Greg Coffey, last year. Robert Donald, who […]
Touradji’s Winning Way Fails to Obscure Ex-Employees’ Hostility
Bloomberg – Paul Touradji had a good year in 2008, a 12-month span that most other traders would like to forget. His flagship hedge fund, Touradji Global Resources Fund LP, returned 8.6 percent trading oil, copper and aluminum. The average […]
HSBC’s Maldonado blends science with art
Reuters – HSBC’s Bill Maldonado is a man who loves to mix science with art — be that in running the Halbis hedge fund business, riding his high-powered Ducati motorbike on a race track or piloting a light aircraft. An […]