Author Archives: Editor
Hennessee Research: Hedge Funds Down –3.78% in September
New York (HedgeCo.net) – The Hennessee September Hedge Fund Index declined –3.78% (-5.53% YTD), while the S&P 500 declined -7.18% (-10.04% YTD), the Dow Jones Industrial Average decreased -6.03% (-5.74% YTD), and the NASDAQ Composite Index fell -6.36% (-8.96% YTD). […]
Shortlist announced for European Fund of Hedge Funds awards 2011
Hedge Funds Review – The judges have announced the shortlist for European Fund of Hedge Funds Awards 2011. Winners will be announced on November 23. Three awards honour outstanding contributions to the FoHF industry. The shortlist of funds of hedge funds […]
Hedge fund in £32.5m PAYE dispute
Accountancy Age – A London-based hedge fund is in a £32.5m dispute with HM Revenue & Customs over alleged unpaid National Insurance and PAYE payments. The inquiry involving Cheyne Capital dates back seven years and involves £29.8m of PAYE and […]
Everything from hedge funds to casual remarks could be fuelling RIM speculation
Winnepeg Free Press – Takeover speculation that routinely swirls around Research In Motion Ltd. could reflect moves by U.S. hedge funds to target the BlackBerry maker and cash in on its struggles. Shares in the Canadian technology icon (TSX:RIM) have […]
UCITS Alternative Index Global is down in September -1.33%
New York (HedgeCo.net) – The UCITS Alternative Index Global is down in September (-1.33%), bringing its year to date performance to -3.85%. The Fund of Funds Index is down -0.84% reaching -4.08% this year. In September, all strategies are down. […]
Britain in grip of worst ever financial crisis, Bank of England governor fears
Guardian – Bank of England announced it was injecting £75bn into the ailing economy. The Bank’s governor said the UK was suffering from a 1930s-style shortage of money and needed a second dose of quantitative easing to boost demand and prevent inflation […]
Soros Says Europe, U.S. Turmoil Reminds Him of Soviet Collapse
Bloomberg – Billionaire investor George Soros said the disruption to global financial markets since 2008 has implications for Europe and the U.S. that remind him of the final years of the Soviet Union. “Something similar is happening in the West,” Soros, 81, […]
AXA IM Appoints Global Head Of Funds Of Hedge Funds
Here Is The City – AXA Investment Managers has announced the appointment of Francisco Arcilla as Global Head of AXA Funds of Hedge Funds (AXA FoHF). Arcilla will be responsible for the overall leadership of AXA IM’s FoHF platform and […]
BNP unit to park $200 mln more with Asia hedge funds
Reuters – French bank BNP Paribas’ fund management subsidiary THEAM plans to quadruple its investment in Asia-focused hedge funds to 200 million euros ($268 million) over the next year to tap the region’s strong growth, a senior THEAM executive said. […]
NY hedge fund founder asks court to keep medical issues sealed before Oct. 13 sentencing
Washington Post – Lawyers for a one-time billionaire hedge fund founder told a judge Monday that he should not unseal arguments about their client’s medical issues before his insider trading sentencing next week because it may set off a “salacious […]
BNY Mellon ‘Sledgehammer’ Lawsuits Raise Pressure to Settle Currency Cases
Bloomberg – Bank of New York Mellon Corp. (BK), the largest custody bank, faces increased pressure to reach settlements on foreign-exchange cases following new lawsuits brought by New York and federal officials. The New York attorney general and the U.S. […]