Author Archives: Editor
2009 Performance: Hedge Funds vs. Mutual Funds
BusinessWeek – Convertible and equity arbitrage strategies have the winning performance among hedge funds so far this year. Latin American stock funds lead the way for mutual funds. The Standard & Poor’s 500-stock index returned 15% year to date through […]
JPMorgan Sets Group to Help Hedge Funds Secure Assets
Bloomberg – JPMorgan Chase & Co., the second- biggest U.S. bank, created a group to help fund managers broaden their trading and assure investors that assets won’t be tied up by a brokerage failure like the one that felled Lehman […]
Bank stocks’ rally boosts some hedge-fund managers
MarketWatch – A rally last month in bank stocks such as Bank of America Corp. boosted returns of some hedge funds, including funds run by Paulson & Co. Managers focused on financial-services stocks returned 4.29% on average in August, according […]
Eliot Spitzer’s first day teaching at CCNY
Hooker-loving ex-Gov. Eliot Spitzer knocked the socks off the students at his lecture Tuesday at City College. Students attending his law and public policy course laughed and even applauded as Spitzer delivered a lively talk that cited big thinkers ranging […]
Regulator issues hedge fund selection guidance
CityWire.co.uk – The Italian regulator, Consob, has issued guidance to fund of hedge fund managers on the selection of target funds for their portfolios. Over the last few months hedge funds have been subject to constant redemption requests in order to […]
Hedge funds attract $4.5 billion in Aug 2009
New York (HedgeCo.net) – Preliminary reporting from Eurekahedge finds that August marks the 6th consecutive month of positive returns for hedge funds (up 13.1% YTD); hedge funds up 2.6% for the last 12 months, while the MSCI AC World Index […]
Hedge Funds Lag as Equity Market Rally Continues – Hennessee
New York (HedgeCo.net) – There was good economic news in August, specifically housing and manufacturing data, according to hedge fund research specialist Hennessee Group. “Government spending continues to drive demand, while the private sector has been largely absent. This dynamic […]
SEC remains unfit to prevent next Madoff
Sentinel and Enterprise – After Bernard Madoff’s Ponzi scheme collapsed, having bilked charities, hedge funds and retirees of as much as $65 billion, the temptation is to say: “We’ve learned our lesson. That will never happen again.” Barring an overhaul […]
Fairfield settles with Massachusetts for $8 million
Pensions and Investments – Fairfield Greenwich agreed to pay about $8 million to settle charges leveled at the hedge fund-of-funds manager by William F. Galvin, Massachusetts secretary of the commonwealth, in connection with the Madoff Ponzi scheme. In settling, Fairfield […]
Peak Oil Investing Hedge Fund Launch
New York (HedgeCo.net) – Hedge fund investor, logi ENERGY LLC., has announced the formation of The Peak Oil Value Fund. Launched September 8, the new hedge fund is the first of its kind aimed at institutional and accredited investors. “We […]
Hedge fund eyes gold at $1,600
Reuters – The price of gold could rise as high as $1,600 an ounce as investors opt for assets with lasting value rather than volatile currencies, says one hedge fund manager who has increased his exposure to the precious metal. […]
Omnium: The New Standard in Hedge Fund Administration
New York (Press Release) – Citadel Solutions announced today that it has changed its name to Omnium, effective immediately. This name change reflects the continuing evolution of the state-of-the-art hedge fund administrator, which has grown significantly since it began in […]