Monthly Archives: September 2005
PRS Group Adds Investment Professional
Miami, FL (September 27, 2005) – PRS Group announced today that Mr. Martin Loeser has joined the firm’s alternative investment team as a Portfolio Manager, Fund-of-Funds. Prior to joining PRS, Mr. Loeser was Senior Investment Analyst at Ivy Asset Management, […]
Red Star Capital Management Unveils New Hedge Fund
Red Star Capital Management LLC is launching its first hedge fund, Red Star Fund LP. The new fund will begin trading October 1st and is domiciled in Delaware. The Red Star Fund LP, in conjunction with its subsidiary Red Star […]
Morgan Strategist to Join Hedge Fund
New York Times – Morgan Stanley’ssenior investment strategist, Byron R. Wien, will leave the investment bank to join the hedge fund Pequot Capital as chief investment strategist, Pequot said yesterday. Mr. Wien, whose annual list of “10 surprises” – economic […]
Hedge-Fund Man at McDonald’s – Wall Street Journal
(www.wallstreetjournal.com) – In 1997, a brash, young hedge-fund manager envisioned McDonald’s Corp. selling off all its restaurants to give shareholders a huge value meal. Eight years later, Bill Ackman has amassed a super-size stake in the great American icon and […]
HBOS’s Ferrans – hedge-fund borrowing could spark off next splits- Scotsman
(www.scotsman.com) – ONE of Britain’s leading fund managers has hit out at the potential borrowings “bubble” within the hedge-fund industry that could burst in an echo of the split-caps debacle. Douglas Ferrans, the Scots-born chief executive of HBOS’s fund management […]
Aberdeen Asset Management May Sell Hedge Funds, Gilbert Says – Bloomberg
Sept. 28 (Bloomberg) — Aberdeen Asset Management Plc is considering selling hedge funds after taking on more clients and doubling assets with the purchase of Deutsche Asset Management’s U.K. business, Chief Executive Officer Martin Gilbert said. The Scottish company would […]
Hedge funds eye real estate to boost returns – Reuters
MONACO, Sept 28 (Reuters) – Hedge fund managers seeking to lift flagging returns took a look at real estate at an industry forum in Monaco, as the re-rating of property has pushed bricks and mortar into the top ranks of […]
Court rules in favour of Tele2 bid for Versatel
AMSTERDAM, Sept 27 (Reuters) – A Dutch court on Tuesday gave the go-ahead for a friendly 1.34 billion euro ($1.61 billion) takeover offer by Swedish telecoms firm Tele2 (TEL2b.ST: Quote, Profile, Research) of rival Versatel (VERS.AS: Quote, Profile, Research). The […]
Amplitude moves to the City of London
Amplitude Capital has moved to a more spacious and custom-built space in the City of London that further enhances the resilience and control of its operational and trading capabilities andfacilitates operating from a modern open plan environment. The move was […]
Byron Wien Moves to Pequot Capital
( www.thestreet.com ) Pequot Capital Management, the hedge fund behemoth run by Art Samberg, hired Morgan Stanley senior investment strategist Byron Wien as chief investment strategist, effective Dec. 1. It’s the second time this year Samberg has tried to poach […]
Ritchie Capital Launches Ritchie Technology & Life Sciences Finance
CHICAGO, IL – September 27, 2005 – Ritchie Capital Finance, the newly formed finance division of Ritchie Capital, is pleased to announce the creation of Ritchie Technology & Life SciencesFinance. Led by senior managing director, Bill DeMars, a financial services […]
See opportunity or be opportunistic?
– Economic Times [ WEDNESDAY, SEPTEMBER 28, 2005 01:36:19 AM] These days there are regular media reports on the viability of hedge funds to produce above marketreturns given recent lower returns. Investors in hedge funds no doubt are paying attention […]