Category Archives: Syndicated
Japan hedge funds fear being shunned over AIJ scandal
Reuters – A mood of fear and nervousness hung over Japans hedge fund industry on Monday as regulators widened an investigation into the suspected disappearance of more than $2 billion in corporate pension funds managed by Tokyo-based AIJ Investment Advisors […]
Fortress Profit Falls 60% on Decline in Hedge Fund Fees
Bloomberg – Fortress Investment Group LLC, the asset manager formerly run by Daniel Mudd, said fourth-quarter profit fell 60 percent as hedge fund fees declined. Pretax distributable earnings, which exclude some compensation costs and other items, were $50 million, or […]
Newer Hedge Funds Got $12.4 Billion in Deposits Since 2009, Citigroup Says
Bloomberg – Newly started hedge funds received $12.4 billion in deposits from 2009 through 2011 from investors that believe many managers perform best during their early years, according to a Citigroup Inc. (C) report. Funds within their first year of existence received […]
Japan hedge funds fear being shunned over AIJ scandal
Reuters – A mood of fear and nervousness hung over Japan’s hedge fund industry on Monday as regulators widened an investigation into the suspected disappearance of more than $2 billion in corporate pension funds managed by Tokyo-based AIJ Investment Advisors […]
CVC rebuffs hedge fund plan to restructure Nine debt: source
Reuters – Private equity firm CVC has failed to respond to a proposal by hedge funds that own a large chunk of $2.9 billion in debt owed by its Australian TV network Nine Entertainment to convert their debt into equity, […]
AIJ Suspension Undermines Japan Pensions Hedge Fund Appetite
BusinessWeek – The suspension of AIJ Investment Advisors Co.’s operations amid concerns hedge funds it manages had lost pension money may undermine plans by Japan’s retirement funds to boost returns to meet demand in an aging society. The Financial Services […]
UBS Macro Team to Start Hedge Fund as Banks Exit Prop Trading
Bloomberg – UBS AG’s only team of traders with a global mandate to make bets on macroeconomic trends is leaving the bank to form a hedge fund, said Gerard Satur, the head of macro strategic trading who will lead the […]
CVC rebuffs hedge fund plan to restructure Nine debt – sources
Reuters – Private equity firm CVC CVC.UL, facing heavy potential losses on its debt-laden Australian TV network Nine, has no plans to respond to a fresh proposal from hedge funds to convert their debt into equity, sources said on Monday. […]
Texas Teacher fund moving into directional hedge funds
Pensions & Investments – Texas Teacher Retirement System, Austin, is in the process of building out a new 5% allocation — $5.5 billion in current dollars — to directional hedge funds to bring the $109 billion fund up to its […]
Copper Traders Most Bullish in Two Months as Hedge Funds Buy: Commodities
Bloomberg – Copper traders are the most bullish in two months on speculation that demand will strengthen from the U.S. to China at a time when stockpiles monitored by the world’s biggest metals exchange are at a 2 1/2 year low. Fourteen […]
Emerging markets hedge funds start year with strong performance gains
Hedge Funds Review – Emerging markets hedge funds started 2012 on a high, following one of the worst years for the strategy. A positive 4.4% performance in January helped boost an increase of assets into the strategy. Emerging markets hedge funds […]
Hedge Fund Assets May Rise to Record, Deutsche Bank Survey
BusinessWeek – Global hedge fund assets may rise 12 percent this year to a record $2.26 trillion as investors reduce cash and seek returns, according to an annual survey of investors by Deutsche Bank AG. The industry may see $250 […]