Author Archives: Editor
Obama aims to reinvigorate Wall Street reform
Reuters – Obama’s wide-ranging economic address in New York will also discuss plans to unwind the government’s involvement in the financial sector and call upon Wall Street firms to take responsibility and avoid reckless behavior. He is to speak at […]
Trinity Fund Administration Expands Into Cayman, Hires Ex-Goldman Sachs Fund Specialist
New York (HedgeCo.net) – Hedge fund manager, Trinity Fund Administration has opened an office in the Cayman Islands after receiving a full Fund Administrators license from the Cayman Islands Monetary Authority. Brad Cowdroy has been appointed Head of the new […]
Goldman Hedge Fund Report: More Consolidation Ahead
Seeking Alpha – The one trend market pundits seem to collectively be predicting with ease for the hedge fund industry is so-called consolidation. Which is why a list of the 100 largest U.S. hedge funds, ranked by equity assets, buried […]
A Mideast Fund’s Failing Fortunes
New York Times – Dubai’s once-heralded trophy assets now look more like lead weights, Breakingviews says. Istithmar World, one of the investment vehicles controlled by the emirate, has a portfolio that was estimated to be worth $9 billion last year. […]
Ex-Macquarie Team Starts Helix Quant Global Equities Hedge Fund
Bloomberg – Three former Macquarie Group Ltd. quantitative strategists have started a hedge fund with the backing of Ascalon Capital Managers Ltd. to invest in global equities using computer-trading models. Helix Partners Ltd. will invest using strategies developed by Brandt […]
EU lawmaker says hedge fund rules may be beefed up
Reuters – A draft European Union law to regulate the managers of hedge funds and other alternative investment funds may be strengthened despite fierce opposition from Britain and industry, a senior EU lawmaker said on Friday. The bloc’s governments and […]
D.E. Shaw, Hedge Fund Manager, Gets Permit to Operate in Dubai
Bloomberg – D.E. Shaw & Co., the $29 billion investment firm run by David Shaw, said the Dubai Financial Services Authority granted its Middle East unit a license to operate from the Dubai International Financial Centre. The firm aims to […]
Swedbank Robur Reduces Fund of Hedge Fund Fees
New York (HedgeCo.net) – Scandinavian fund of hedge fund manager, Swedbank Robur announced that it is lowering fees by .2% to .4% on its 5 funds, effective October 1st. “These reductions are in line with our ambition to offer an […]
Long-bias funds lead hedge funds higher in Aug-Lipper
Reuters – Global hedge funds continued their winning streak in August, with all hedge fund strategies except dedicated short-bias ending the month in positive territory, fund tracker Lipper said on Friday. Lipper, a unit of Thomson Reuters, said funds with […]
Carlyle raising $3 billion Asia buyout fund
Reuters – The Carlyle Group is raising a new Asia buyout fund with a target size of up to $3 billion (1.8 billion pounds) as the U.S. private equity giant aims to tap more deals in Asia, two fund industry […]
Palladio Alternative Research goes live
New York (HedgeCo.net) – Swiss-based Palladio Alternative Research Group has started operations in August 2009 via its first Geneva-based subsidiary. Designed to provide outsourcing solutions for hedge fund research and due diligence, Palladio Alternative Research Group will be headed by […]