Author Archives: Editor
Ex-Morgan Stanley Manager Sinha to Shut Hedge Fund, Citing `Tough’ Market
Bloomberg – Amoeba Capital Partners Pte, run by the former head of Asian investments at Morgan Stanley’s asset- management unit, is returning money to investors in its stock hedge fund, citing “tough” industry conditions. The Singapore-based firm plans to give […]
Clive Capital Hedge Fund Advances 6.6% in September on Cotton, Corn, Gold
Bloomberg – Clive Capital LLP’s $4 billion commodity hedge fund returned 6.6 percent in September, the best monthly return since May 2009, according to a report to investors obtained by Bloomberg. Clive Fund Ltd. increased 1.7 percent in the first […]
Hedge Fund Research index hits high watermark
Hedge Fund Review Magazine – The HFRI Fund Weighted Composite hedge fund index gained 3.37% in September, bringing cumulative performance above the previous high water mark level set in October 2007. Gains across the board were the strongest in over […]
AsiaHedge: Asian Hedge Funds Remain Mostly Static
A recent asset survey by AsiaHedge reveals that industry assets for Asian hedge funds remained mostly static in the first half of 2010 at $137.75 billion, a marginal 3.9% increase over the $132.48 billion recorded at end 2009. “The numbers […]
Hedge Fund Launch: Merchant Global Resources UCITS Fund
New York (HedgeCo.net) – UCITS umbrella providers to the global hedge fund industry, Merchant Capital launched their third fund, the Merchant Global Resources UCITS Fund. “We are delighted to be launching the Merchant Global Resources Fund.” George Cadbury, co-founder of […]
Asness Encounters `Grim Reaper’ Before Quant Fund Rebounds From 50% Loss
Bloomberg – Clifford Asness, who runs AQR Capital Management LLC, one of the world’s biggest hedge funds, says fellow fund managers gouge their clients by charging exorbitant fees for just tracking the markets. He also takes a dim view of […]
Theoria to Double Assets as Multistrategy Hedge Fund Gains 43%
Bloomberg – Theoria Capital Management Pte, a Singapore-based hedge fund that trades Japanese equities, futures and options, plans to double assets in its multistrategy fund after it returned 43 percent in its first year. The firm is seeking to grow […]
Vivace Hedge Fund Aims to Triple Japan Pension Assets to $600 Million
Bloomberg – Vivace Capital Management Co., a Japanese hedge fund, aims to triple assets managed for the nation’s pension funds to 50 billion yen ($600 million) in two years as they seek higher returns. Vivace expects to start managing 1 […]
Jury convicts ex-Jefferies manager of insider trading
Money Control – A US jury convicted a former portfolio manager at a Jefferies Group Inc affiliate of conspiracy and securities fraud on Wednesday, one of several prosecutions brought last year over allegations of insider trading at hedge funds. Joseph […]
Geithner warns EU on hedge-fund law
Reuters – U.S. Treasury Secretary Timothy Geithner has written to French economy minister Christine Lagarde warning her against curbing foreign hedge funds in Europe as a row with Washington over new EU controls escalated. The correspondence, sent late on Tuesday […]
HCN Hedge Fund Indices Inflows Through August 2010
New York, October 6th, 2010 (HedgeCo.net) – The HedgeCo.Net (HCN) Hedge Fund Aggregate Index showed an average annual return of +7.14%, through July 2010, compared to the S&P500 which showed an average of +4.08%. Some of the key findings include: The […]
Liberal Democrats call for draconian tax on bank bonuses
Guardian – A new, more draconian tax on bonuses should be slapped on banks, a leading Liberal Democrat said tonight after the Royal Bank of Scotland chairman admitted that regulation was the only way to restrain the annual bonanza for bankers. […]