Monthly Archives: August 2009
Despite Pressure, Hedge Funds Resist Reducing Fees
New York Times – Despite the industry’s record losses in 2008, hedge funds generally aren’t lowering their fees without concessions from investors, such as longer lock-up periods and commitments of at least $100 million, money managers and consultants tell Bloomberg […]
Talk of Fortress expansion spree overblown
Reuters – Rumours of an acquisition spree by Fortress Investment Group are greatly exaggerated and may disappoint investors who jumped into the stock during the past week. The private equity and hedge fund giant last week named director and former […]
U.K. Probing Hedge Funds, Structured Finance Amid Fraud Concern
Bloomberg – The U.K. Serious Fraud Office is investigating sales of structured-finance products such as credit default swaps and collateralized debt obligations prior to the global financial crisis. The SFO is looking into whether banks that sold the products knew […]
Hedge Fund Demand: Brighton House Associates Q2 2009 Report
HedgeCo.net (West Palm Beach) – During the first quarter, most alternative investors spent their time rebalancing their portfolios, redeeming with current managers, and waiting for the market to correct itself. This process freed up capital and uncovered gaps in portfolios, […]
Bandon Provides Smaller Investors Access To Flagship Hedge Fund Strategy
HedgeCo.net (West Palm Beach) – Hedge fund manager Bandon Capital Management, LLC, has made it’s flagship investment strategy, DIRS – Directional Interest Rate Strategy – available to investment advisors through Adhesion’s WealthADV UMA platform. The flagship strategy, celebrating it’s 5th […]
What Hedge Funds Are Up to
Seeking Alpha – This is the latest edition in a new series of posts we’re doing here entitled, ‘hedge fund news summaries.’ And, as as the title obviously states, the goal is to give you the quick hits of everything […]
Hedge funds in ’09: Turning crisis into an opportunity
Gulf Times – It can be hard to separate the wheat from the chaff when there is no immediately apparent difference between them. These days, the world of hedge funds more closely resembles a vast field of chaff, with just […]
Hedge Fund Fees Firm With Rebound as LBO Fees Bow to Pensions
Bloomberg – Larry Powell, deputy investment chief for the $16 billion Utah Retirement Systems, was convinced in January that hedge funds finally would buckle under the pressure of record losses in 2008 and lower their fees. He figured it was […]
Shy Tycoon Makes Very Big Splash
NationalJournal.com – Among the elite and deep-pocketed GOP fundraisers and donors at the convention, few can rival Paul Singer, a New York hedge-fund tycoon who has raked in more than $500,000 for the John McCain campaign. Earlier, he raised a […]
Hedge-fund chief gains seat on Sara Lee board
Chicago Tribune – The leader of an activist hedge fund with a significant stake in Sara Lee Corp. has been added to the foodmaker’s board of directors. Downers Grove-based Sara Lee said Thursday that it is expanding its 10-member board […]
Fund manager DEGI buys $247 mln Polish business park
Reuters UK – DEGI, a fund management unit of Aberdeen Property Investors, has bought one of Warsaw’s biggest business parks for 167 million euros (135 million pounds) in a bid to boost its exposure to Poland’s fast-growing economy. The 43,700 […]