Monthly Archives: September 2007
Canned Strategy Usage Drops as Access to Custom Algorithms Increases
NEW YORK, NY September 25, 2007 – Buy-side use of algorithms is shifting quickly as brokers aggressively deliver an expanding range of customization services and modularized solutions that allow the buy side to control and manage different electronic trading components. […]
MFS Investment says to expand into hedge funds
Reuters- MFS Investment Management said on Monday it has set up a subsidiary to provide seed capital to hedge funds, in another instance of a mainstream money manager venturing into the alternativeinvestments area. MFS, a unit of Canadian insurer Sun […]
Applied learning Presents, “Hedge Funds Demystified”
West Palm Beach (HedgeCo.Net)- Applied Learning announced today the launch of the “Open Course†Program, the first course being, “Hedge Funds Demystifiedâ€Â. It will run in London on December 4tt offering tutors of outstanding caliber and experience. It will be […]
Two Long Islanders make Forbes billionaire list
Newsday – For the first time, it took more than a mere billion dollars to make Forbes Magazine’s annual list of the 400 richest Americans. But that didn’t present much of a hurdle to Cablevision honcho Charles Dolan and hedge […]
Man Group assets under management $68 billion
Reuters- Man Group, the world’s largest listed hedge fund firm, said on Tuesday that its assets under management have risen to $68 billion (34 billion pounds) from $61.7 billion at the end of March. The firm (EMG.L: Quote, Profile, Research), […]
JPMorgan hedge fund unit turns to outsourcing
Stamford Advocate – JPMorgan’s hedge fund services unit in Greenwich is positioning itself for further growth with the advent of new technology that enables funds of hedge funds to outsource middle-office functions, such as administration and custody services. The unit […]
India-focused hedge funds fare better
Economic Times- Indian stocks have emerged as the most attractive bet for hedge funds, the fall guys during the recent subprime crisis, with returns better than that of the Sensex. According to a study of over 7,000 hedge funds across […]
Ethical Fund Launch
West Palm Beach (HedgeCo.Net)- AEGON Asset Management has announced the coming launch of the UK’s first Ethical Cautious Managed fund to the retail market on 1 March 2007. The Ethical Cautious Managed fund marks another first for AEGON Asset Management, […]
Long-Shorts That Dodged The Blows
BusinessWeek – At first glance, long-short mutual funds seem like a good idea. They mimic various hedge fund strategies, aiming to rise when stocks fallâ€â€or at the very least, to lose much less ground. The reality has been a little […]
Hedge funds cash in on Rock’s demise
BBC News- The upmarket district in the West End of London is home to many of the financial speculators who have made a mint out of the mortgage bank’s woes. Hedge funds – as well as traders in some of […]
Yam `Not Happy’ With Transparency of Hedge Funds
Bloomberg- Hong Kong Monetary Authority Chairman Joseph Yam said he’s displeased with the low level of disclosure by hedge funds compared with other investors. “I have not been happy with the asymmetry in transparency,” Yam said after a speech at […]
Babylon Admitted To Participate in Iraqi Central Bank T-Bill Auction
West Palm Beach (HedgeCo.Net)- Iraqi hedge fund `The Babylon Fund´ announced that today, as the first foreigners, they were admitted by the Iraqi Central Bank to participate in the primary auction of Iraqi-dinar denominated 6 month and 12 month […]