Yearly Archives: 2005
Company says many Refco clients have stuck with firm – MarketWatch
(Bloomberg) — Man Group Plc, the world’s largest hedge fund company, gained $1 billion of net new investments in the first half and said fees linked to fund returns jumped. The company also raised 125 million pounds ($214 million) in […]
Hedge funds outraged at 50 stg FSA breakfast
(Reuters) – The trillion dollar hedge fund industry was aghast on Monday at having to fork out 50 pounds ($87.06) a head for a buffet breakfast briefing on how to do their job correctly withBritain’s Financial Services Authority. “It’s outrageous,” […]
Massey to Buy Back $500M of Common Shares
CHARLESTON, W.Va. — Massey Energy Co. on Tuesday announced a plan to buy back $500 million worth of its common shares and to conduct a capital restructuring program that will remove another 6.8 million shares from the company’s earnings calculations. […]
CDO equity investors could face costly defaults
(Reuters) – Banks and hedge funds exposed to the riskiest parts of complex credit derivatives could face painful losses in coming months amid rising levels of corporate defaults, analysts say. Billions of dollars in so-called equity tranches of synthetic collateralised […]
The Efficiency Market Hypothesis and Hedge Funds
(Francis Akpata) In 1997, after the devastation of his country’s currency and stock exchange, the Malaysian Prime Minister Mahathir Mohammed described hedge funds as the “highwaymen of the global economyâ€Â. This is because they usually have fewer than 100 investors […]
Hedge Funds Fall in October; Inflation Concerns Upset the Markets
GREENWICH, Conn.–(BUSINESS WIRE)–Nov. 15, 2005–The Van Global Hedge Fund Index (“VGHFI” or the “Index”) lost -1.2% in October while the Van Composite Investable Index (“Investable Index”) fell-0.9%, according to hedge fund index provider Greenwich-VAN Advisors, LLC (VAN). “Hedge funds struggled […]
Greenlight Capital backs new reinsurance company
NEW YORK, Nov 15 (Reuters) – Investment manager Greenlight Capital has formed a new offshore reinsurance company to capitalize on growing demand for insurance products, company founder David Einhorn said at a conference on Tuesday. The formation of Greenlight Capital […]
Hedge Funds Pressure McDonald’s
CFO.com Magazine – McDonald’s is the most recent target of outside investor attempts to shake up management. William Ackman, managing partner at Pershing Square Capital Management, has called for the fast-food giant to spin off 65 percent of its 8,000 […]
Bankers, Hedge Fund Salespeople to Win Top Bonuses, Study Says
(Bloomberg) — Top derivatives marketers who sell to hedge funds and senior investment bankers that talk with clients about more than one product are in line for the best bonuses at investment banks in Europe, an annual survey found. Salespeople […]
Hedge funds stick with Sears chairman Lampert
Hedge-fund managers usually are among the most competitive players on Wall Street. But when it comes to Sears Holdings Corp., it is as if they are all on the same team. Some of the biggest stars in the hedge-fund and […]
Hedge funds a positive force in markets-Bernanke
(Reuters) – Federal Reserve Chairman nominee Ben Bernanke said on Tuesday that hedge funds were “a positive force” in the nation’s financial system but the U.S. central bank needed to monitor theiractivities. Responding to questions from Democratic Sen. Paul Sarbanes […]
DOW Jones Wilshire US Size and Style Indexes to Underlie Nine Exchange-traded Funds
ETF Provider SSgA To License Full Dow Jones Wilshire Style Index Family NEW YORK – Dow Jones Indexes, a leading global index provider, and Wilshire Associates Incorporated, one of the world’s leading investment consulting, investment management and investment technology firms, […]
