Author Archives: Editor
Riley Paterson Closes Fund to Investors After Growth
Bloomberg – Riley Paterson Investment Management Pte said it closed its Asian hedge fund to investors after assets under management swelled 15-fold to $300 million. The Riley Paterson Asian Opportunities Fund returned 14 percent this year through November, Stewart Paterson, […]
M.Stanley names Japan prime broking head in Asia push
Reuters – Morgan Stanley has appointed a new head for its prime brokerage business in Japan as the bank aims to increase the unit’s head count in Asia by about a third in 2010, a senior bank official said. The […]
Hedge fund flows back to pre-crisis levels
Reuters – Bumper hedge fund returns this year have helped lift client money flows back to pre-crisis levels, according to hedge fund services firm GlobeOp, marking a rehabilitation for an industry that saw clients flee last year. GlobeOp Financial Services […]
Calpers Leads Buyout Fee Fight as Blackstone Weighs Concessions
Bloomberg – California Public Employees’ Retirement System is leading a push by investors in private- equity funds for lower fees and more disclosure. So far, only a small number of fund managers is making concessions, and they are limited. Blackstone […]
Soured investments to keep sovereign funds wary in 2010
Reuters – The fallout from the global credit crisis is changing, or perhaps correcting, the perception that sovereign wealth funds (SWFs) or state-owned investors will always patiently ride out paper losses on their investment. Sovereign funds lost an estimated USD600 […]
Tudor Said to Shut Biggest Fund to New Investors
New York Times – Tudor Investment, run by hedge fund veteran Paul Tudor Jones, has started turning away new investors from its BVI Global Fund, after its biggest fund took in $1.3 billion from March to July, Bloomberg News reported, […]
Matt Schifrin On ETFs And Mutual Funds
Forbes – Actively Managed ETFs. There are now more than $750 billion in 800 ETFs outstanding, compared with 7,760 mutual funds with $10.7 trillion in assets. But ETFs are stealing market share from mutual funds daily. Active management is a […]
Swiss Partners Group to spin out hedge clone unit
Reuters – Swiss alternative asset manager Partners Group said on Monday it will spin out its hedge fund replication business next month as it focuses on private equity, private real estate and other unlisted markets. Partners, which manages more than […]
Hedge Funds Win London Lehman Case
New York (HedgeCo.net) – Hedge funds controlled by Goldman Sachs and GLG Partners won a significant court ruling yesterday, over how to properly distribute billions of dollars of client money held by Lehman Brothers when it collapsed, The Financial Times […]