Monthly Archives: September 2011
Hedge funds find themselves in a marathon, not a sprint
Telegraph – “Robust” was the word the 51-year-old marathon enthusiast came up with for the company’s capital and liquidity position – despite the news that investors had withdrawn $2.6bn (£1.6bn) of the group’s funds since June 30. But the shares […]
Chart of the day: Hedge funds cut leverage
Dow Jones – Hedge fund leverage, as measured by margin debt on the New York Stock Exchange, declined in August by the most in a single month since November 2008, as managers cut their exposure to the markets amidst a […]
FINCAD Simplifies Hedge Accounting for Corporate Treasuries
The second annual FINCAD Corporate Finance Survey found that 73% of respondents conducted hedge effectiveness testing, but of these, 36% reported it as their biggest challenge; greater than accurate risk assessment or independent valuations. To assist with this challenge, FINCAD has […]
Hedge Fund Clients Redeem $2.6 Billion From Man
New York (HedgeCo.net) – Hedge fund giant Man Group said its assets fell by $6 billion as shares dropped nearly 22% yesterday after investors pulled $2.6 billion from its funds. Man said it expects headline pre-tax profits to have fallen from $227 million […]
Emirates NBD Asset Management relaunches Islamic hedge fund
CPI Financial – Emirates NBD Asset Management joins forces with Man to give a four year old Islamic hedge fund another go. $20 million fund of funds hoping to reach $100 million in size within a year. Emirates NBD Asset […]
Jobs in GLG funds look insecure
eFinancial Careers – This hasn’t really to plan; Man Group bought GLG Partners last year to diversify its revenue streams and reduce its reliance on its flagship AHL fund, but it’s the new acquisition that’s leaking assets. There’s reason to […]
Hedge funds appeal “gross injustice” of WaMu ruling
Reuters) – Four hedge funds appealed on Tuesday a ruling in the Washington Mutual Inc bankruptcy that found viable claims they had engaged in insider trading, an opinion one fund called a “gross injustice.” The hedge funds sought an expedited […]
BNY Mellon’s Karen Peetz Named “Most Powerful Woman in Banking” by American Banker Magazine
BNY Mellon Vice Chairman Karen Peetz has been named the “Most Powerful Woman in Banking” by American Banker magazine as part of its annual ranking of women in banking and finance. The rankings are based on the financial performance of […]
Family office aligns with hedge fund
Financial Standard – Hedge fund, Signature Capital Investments, has partnered up with a Sydney-based family office. The strategic alliance between Signature Capital Investments (SGI) and with AR Management (ARM) was made official on September 26. ARM is the management and […]
Study finds that smaller hedge funds outperform their larger peers
Opalesque – Small hedge funds outperform mid-size and large funds, and young funds outperform older ones, according to PerTrac’s latest report “Impact of Fund Size and Age on Hedge Fund Performance,” which found that funds with less than $100m in […]
Top hedge fund mixes Ayn Rand, behavioral psych
MarketWatch – Ayn Rand, high priestess of capitalism, reincarnated in an American hedge fund? Deep in the collective conscience of the world’s leading hedge fund, the $122 billion Bridgewater? Yes, Rand’s spirit is alive, in the vision of the iconic […]