Monthly Archives: September 2009
Cayman Islands Current Financial Position – Not Bankrupt
West Palm Beach (HedgeCo.net) – In a statement outlining the Cayman Islands financial position, the Hon. McKeeva Bush, Leader of Government Business/Premier Designate issued a statement regarding recent media coverage suggesting that the Cayman Islands is bankrupt, “We can confirm […]
Forex settlement volumes rise in August – CLS
Reuters – The average number of daily foreign exchange payment instructions rose in August from the previous month, data from FX settlement system CLS Bank showed on Friday. The average volume of payment instructions was 589,446, with an average value […]
Threadneedle Aims for $1 Billion Increase
The New York Times – Threadneedle Asset Management is seeking to increase its commodity fund to as much as $1 billion in the next two years, Bloomberg News reported. The London-based hedge fund, which oversees assets of $79.6 billion, is […]
D.C.’s prestige takes bite out of Big Apple
Washington Times – “New York still has the best connections to the rest of the world,” said Gerald Hanweck, professor of finance at George Mason University. “Wall Street is still there.” And many of the brightest minds on Wall Street […]
Gold toys with $1,000 mark, eyes U.S. jobs report
Reuters – Buying of gold exchange-traded funds picked up, with holdings of the largest, New York’s SPDR Gold Trust, posting its biggest one-day percentage rise since March. That buying underscored a fresh burst of investor interest from those seeking a […]
Diploma suit by Conn. hedge fund scammer dismissed
Hartford Courant – A federal judge has dismissed a lawsuit by a man convicted of running a hedge fund scam in Connecticut who claimed New York University owed him a diploma. Hakan Yalincak (yal-in-SACK’), an NYU undergraduate, was sentenced in […]
Credit Suisse in Preliminary Talks to Buy Mesirow Fund of Funds
Bloomberg – Credit Suisse Group AG held preliminary talks with Chicago-based Mesirow Financial Holdings Inc. about buying its $11 billion business that invests clients’ cash in hedge funds, according to two people familiar with the discussions. Credit Suisse, based in […]
Credit Suisse’s AIR Shows Positive Month for Hedge Funds
West Palm Beach (HedgeCo.net) – Long/Short Equity hedge funds returned positive performance in August mainly as a result of the continued uptrend in equity markets, according to Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse. “Following […]
Some Hedge Funds Still Feel Effects Of 2008 Redemptions
CNN Money – A year after investors began withdrawing money in a panic from hedge funds, the surviving funds seem to fall into two camps. Those funds that were quick to meet redemption requests are, in many cases, beginning to […]
HSBC Banker Sees Opportunity With Hedge Funds
New York Times – The investment banking chief of HSBC Holdings said he sees a “significant opportunity” to boost revenue from hedge funds after the collapse of Lehman Brothers last year, Bloomberg News reported. At a Nomura Holdings conference today, […]
Hedge Funds Tough To Mimic on Financials
TheStreet.com – Hedge funds that drove financial shares into the ground a year ago are piling back into the stocks, but average investors ought to be careful about mimicking their moves. The first signal of a shift in hedgie sentiment […]
Edinburgh Hedge Funds Feel Madoff Effect as Clients Get Pickier
Bloomberg – Hedge funds in Edinburgh say they escaped any direct losses from Bernard Madoff’s Ponzi scheme. That doesn’t mean they’re not living with his legacy. Clients are demanding more disclosure, quicker access to their money and individual, rather than […]