Monthly Archives: September 2009
Malaysian 5-year bond-swaps negative
Forbes – The spread between Malaysia’s 5-yr IRS and 5-yr government bond yields hit a negative 9.5 bps on Thursday, as hedge funds and other speculators aggressively received 5-year swaps. The spread was a positive 9.5 bps on Aug 5. […]
Global Climate Change Fund Launch
West Palm Beach (HedgeCo.net) – Alternative investment manager and advisor, Climate Change Capital, (CCC) has been appointed to manage a climate change fund for Dublin-domiciled UCITS platform, Russell OpenWorld. The Global Climate Change Fund will be managed by Climate Change […]
Blistering report faults SEC for Madoff misses
Reuters – U.S. securities regulators missed “numerous” red flags that may have led to Bernard Madoff’s $65 billion Ponzi scheme and never did a “thorough and competent” probe despite complaints dating to 1992, a federal watchdog has concluded. The U.S. […]
Cerberus to ban withdrawals from 2 funds
Reuters – Cerberus Capital Management CBS.UL said on Wednesday it will prohibit investors in new hedge funds from withdrawing money for three years. Earlier on Wednesday, the Financial Times reported Cerberus planned to bar withdrawals in two new funds to […]
What Investors Want from Hedge Funds Now
BusinessWeek – After contributing their fair share to the more than $1 trillion in estimated global financial industry losses in this credit crunch, hedge funds appear to be on the mend. However, the alternative investment vehicles known for returns that […]
Ex-Lehman Trader Bedwick to Manage OGI Global Macro Hedge Fund
Bloomberg – OGI Capital Partners Ltd., a Japanese hedge fund with 3.5 billion yen ($40 million) in assets, plans to almost double in size by starting a global macro hedge fund to be run by Allan Bedwick, a former proprietary […]
HSBC’s Gulliver Says Revenue From Hedge Fund Services May Rise
Bloomberg – Stuart Gulliver, HSBC Holdings Plc’s investment banking chief, said he sees a “significant opportunity” to boost revenue from hedge funds after Lehman Brothers Holdings Inc.’s collapse last year. “We’ve seen a number of hedge funds moving their accounts […]
Suit filed against law firm in Florida fraud case
Forbes – A court-appointed receiver in the case of a Sarasota man accused of bilking investors of up to $350 million is suing the firm that represented the hedge funds for failing to protect investors. A lawsuit filed Monday says […]
Threadneedle to Expand Fund Size as Commodities Rally
Bloomberg – Threadneedle Asset Management Ltd. is seeking to increase its commodity fund to as much as $1 billion in the next two years as the global economic recovery drives a rally in oil, sugar and metals. The London-based hedge […]
Hedge funds bet big on BofA (Reuters via Yahoo! UK & Ireland News)
At least 20 top hedge funds boosted their positions in financial institutions in the latest quarter in a sign that Wall Street is ready to bet on more risky sectors in the hope of longer-term rewards. Read Complete Story
Specialist Alternative Asset Management Firm targeting MENA region gets licence to operate from DIFC
AMEinfo – Gulfmena will introduce its flagship investment strategy through ‘Gulfmena Arab Opportunities Fund’ a macro-directional (market-directional) absolute return public equities fund that will be launched in the last quarter of 2009. The first MENA hedge fund of its kind, […]
Edinburgh Firm Expands Hedge Fund Business
West Palm Beach (HedgeCo.net) – Specialist active equity manager, Martin Currie Investment Management Limited, has expanded its global hedge fund arm with two senior hires, Alastair Barrie and Clayton Cheek. Barrie joins in the newly created role of global head […]