Monthly Archives: September 2007
Barclays plans to launch Islamic hedge funds
Reuters- Barclays Capital plans to launch hedge funds that comply with Muslim law, the latest attempt to marry huge demand for Islamic investments with the returns of hedge funds. The bank and its partner, U.S.-based Shariah Capital Inc, on Monday […]
Hedge Fund Compensation Report Shows Increase in Pay For 2008
West Palm Beach (HedgeCo.Net)- The 2008 Hedge Fund Compensation Report was released today by Glocap Search LLC, Institutional Investor News, and Lipper HedgeWorld. The report is an analysis of 2007 compensation paid by U.S. hedge funds including estimates for cash […]
Goldman distressed fund to exceed $1.5 billion
Reuters UK- Even as market turmoil batters its hedge funds and threatens to scuttle buyouts, Goldman Sachs is raising a new fund to exploit distressed-debt bargains, people familiar with the mattersaid. The largest U.S. investment bank has raised more than […]
Goodman Fund of Hedge Funds Reaches Target of 250 Million Euros
West Palm Beach (HedgeCo.Net)- Goodman Property Investors announced that its eurozone fund of hedge funds is on course to reach its equity targets after hitting €250 million ($344.8 million) since launching a year ago. The Goodman Group international property investment […]
A tough game, but we’ll hedge our bets
Irish Independant- Over the next week the credit crunch which has squeezed financial markets around the world may get worse as financial institutions attempt to roll-over or re-finance €82bn in commercial paper. This is a game of pass the parcel […]
Man Investments sees turmoil as opportunity
Reuters- Cash-rich hedge funds are likely to spot investment opportunities in the financial market turmoil which has hit a few of their high-profile rivals, a senior official at Man Investments said on Thursday. “I don’t think this is a hedge […]
Hedge-Fund Billionaires Eyed by Congress for More Medicare Tax
Bloomberg- James Simons, the highest-paid hedge-fund manager in the U.S. last year, could pay enough in Medicare taxes to provide health insurance for about 4,800 senior citizens. Such estimates are being cited by backers of a proposal in the U.S. […]
GA shuts two struggling funds
MSNBC- Global Advisors, a London and New York-based hedge fund manager specialising in commodities, has shut down two of its three funds and is considering a merger after poor performance saw investors lose confidence. GA is shutting its $60m (£29.6m) […]
Hedge Funds Expand in Primary Lending
Forbes- Hedge funds are increasingly positioning themselves as direct lenders to companies that are having trouble borrowing money from banks or through the bond market. These investors aren’t strangers to the world of lending, and they’re preparing to play a […]
US Congress debates raising tax on private equity and hedge funds
International Herald Tribune- Pension fund and tax experts told the U.S. Congress on Thursday that a proposal to more than double the tax rate of executives at private equity and hedge funds, whichinvest money from pension funds, would have a […]
RMF Launches Global Environmental Fund of Hedge Funds
West Palm Beach (HedgeCo.Net)- Swiss-based RMF Investment Management has has announced the launch of a global fund of hedge funds that will invest purely in environmental industries and strategies. The RMF Environmental Opportunities Fund, which the company said is the […]
Seth Tobias, Hedge-Fund Boss and TV Commentator Dies
Bloomberg- Seth Tobias, the managing member of hedge-fund firm Circle T Partners LP and a financial-news commentator, was found dead yesterday in the pool of his Florida mansion, police said. He was 44. Tobias was discovered by his wife, Filomena, […]