Monthly Archives: September 2009
Swiss topple U.S. as most competitive economy: WEF
Reuters – Switzerland knocked the United States off the position as the world’s most competitive economy as the crash of the U.S. banking system left it more exposed to some long-standing weaknesses, a report said on Tuesday. The World Economic […]
AR Capital’s Connelly Seeks to Grow Hedge Fund to $250 Million
Bloomberg – AR Capital Management, a hedge-fund manager run by two former Goldman Sachs JB Were Ltd. bankers, aims to more than triple the size of its Australian equities long-short fund. The Ascot Long Short Equity Fund, which trades Australian […]
Geneva Funds of Hedge Funds Outflows Outpace Global Redemptions
Bloomberg – Geneva funds of hedge funds have failed to repair the damage caused by market losses and Bernard Madoff as investors withdrew money four times faster than the global average in July. Withdrawals climbed to $2 billion from $500 […]
Scottish fund managers are hiring again
eFinancialCareers – It would be churlish to suggest a 2007-style fund management poaching frenzy was back on the cards in Scotland, but there has been definite movement of late. Some firms are looking to build their investment teams, which means […]
Bank of China to launch yuan funds in Switzerland
Reuters – Bank of China will launch the first yuan-denominated investment funds in Switzerland as Chinese investors expand their horizons and look to manage exchange rate risk. The yuan funds, to be invested in a range of global assets, will […]
Dutch pension funds criticise EU hedge fund rules
Reuters UK – The Dutch pension fund sector has joined criticism of a European Union regulatory directive for hedge funds and private equity, saying the new rules may cut investment opportunities and raise costs. The EU’s draft “Alternative Investment Fund […]
Katana’s Hedge Fund Bets on Coal Producers, Asset Managers
Bloomberg – Katana Capital Ltd., manager of Australia’s fifth-best performing hedge fund this year, is betting on coal as growth in China and India fuels energy demand. “Australia is in a lot of respects the Saudi Arabia of the coal […]
Ex-Korea Sovereign Fund CIO Ong Plans Hedge Fund
Bloomberg – Guan Ong, former chief investment officer of South Korea’s sovereign wealth fund, is setting up a hedge fund to trade Asian bonds that he forecasts will benefit from a “period of economic uncertainty.” Blue Rice Investment Management’s BRIM […]
Third Avenue Launches Credit Fund, Hires Blackrock Hedge Fund Specialist
West Palm Beach (HedgeCo.net) – Third Avenue Management LLC, the investment adviser to the Third Avenue Funds has launched the Third Avenue Focused Credit Fund, capitalizing on credit, distressed and value equity investing. “The current market environment provides attractive opportunities […]
Lord Myners warns over EU hedge fund rules
Times Online – Britain is making progress in revising tough EU plans to regulate private equity and hedge funds, the City Minister said on a lobbying visit to Brussels today. Lord Myners claimed that Britain’s view, that proposed limits on […]
MF Global Starts Japan Brokerage to Fill ‘Gap’ as Rivals Exit
Bloomberg – MF Global Ltd., the securities firm spun off from the largest publicly traded hedge-fund manager, is opening a brokerage in Japan to take advantage of a void left by rivals exiting the world’s No. 2 equity market. The […]
Washington State U. endowment fund increases
UWire – The Washington State University Foundation’s Endowment is starting to snap back. Endowment funds like the WSU Foundation’s are essentially a large pool of money, usually donated by alumni, which is placed in an account with a high rate […]