Category Archives: Syndicated
Man Group Rises; UBS Says Hedge-Fund Firm Is a Bid Target
Bloomberg – Man Group Plc rose in London trading after analysts at UBS AG said the past year’s share- price decline for the world’s biggest publicly traded hedge-fund manager makes it a takeover target. The shares rose 4.5 percent to […]
Hedge Fund Manager RK Capital Planning New Product in Metals
Bloomberg – RK Capital Management LLP plans to introduce a hedge fund that will bet only on rising metals prices, with a goal of raising as much as $1 billion. The Red Kite Real Return Fund Ltd. will invest in […]
Hedge fund Brevan Howard cashes in on popularity
Reuters – Investors desperate to get exposure to Brevan Howard’s Master fund, one of the world’s biggest and top-performing hedge funds, are piling into a fund giving them only partial exposure to the secretive firm’s flagship portfolio. The Brevan Howard […]
Fraud lawsuit survives over Goldman’s Abacus CDO
Reuters – Goldman Sachs Group Inc must defend fraud claims brought by a bond insurance company over its notorious Abacus mortgage product deal, a New York state judge ruled, but she decided that the investment bank did not unjustly enrich […]
Connecticut-based hedge fund manager found dead in NC
Reuters – Money manager B. Robert Williamson Jr., the nephew of Wall Street investment guru Julian Robertson, was found dead on Sunday in North Carolina, in water surrounding an island. Williamson, who was 55, was managing director and portfolio manager […]
MIT Professor, Son Settle Hedge Fund Fraud Charges
NPR – A Massachusetts Institute of Technology professor and his son will pay $4.8 million to settle charges that their hedge fund solicited funds with a fabricated track record. Gabriel Bitran and his son, Marco, who, beginning in 2005, raised […]
Hedge fund exit requests hit new April low
Reuters – Investor demands to pull money out of hedge funds fell in April, data shows, in a sign that renewed volatility in financial markets may not be piling fresh pressure on more clients to quit the sector. The GlobeOp […]
Axiom hedge fund portfolio waives management fee
Reuters – A fund that invests in an index of EU-regulated hedge funds is waiving its annual charge to clients, a rare move in an industry known for high fees, in a bid to win back hedge fund investors driven […]
Macquarie hedge fund exits short bets in India on tax fears
Business Standard – Macquarie’s Asia hedge fund has exited its short positions in Indian single stock futures, in response to a controversial set of proposed tax rules that could lower investment returns. Instead, it has decided to use a futures […]
Morningstar reports hedge fund returns of 3.3% for first quarter
Opalesque – Morningstar, a provider of independent investment research, today reported preliminary hedge fund performance for March and for the first quarter as well as estimated asset flows through February 2012. The Morningstar MSCI Composite Hedge Fund Index, an asset-weighted composite of […]
Hedge fund short-sellers to target Wal-Mart Mexico
Reuters – Hedge fund managers are bracing for selling pressure in shares of Wal-Mart Stores Inc on Monday, but market experts said it is the retail giant’s less visible Mexican unit that could be the more attractive target for short […]
Hedge-fund ads are a game-changer
MarketWatch — The one thing that might have allowed convicted felon Bernie Madoff to run his phony hedge-fund business even longer in the face of an eroding stock market is successful advertising. With his reputation — which was sterling right […]