Category Archives: Syndicated
BNY Mellon Said to Be in Talks for PNC Unit to Add Fund Clients
Bloomberg – Bank of New York Mellon Corp is in talks to buy PNC Financial Services Group Inc.’s global investment-servicing unit for as much as $2.5 billion to add hedge-fund and mutual-fund clients, said a person familiar with the matter. […]
Blair takes role at hedge fund Lansdowne
Reuters – Former Prime Minister Tony Blair is to give a series of talks to bosses at Lansdowne Partners, said a source close to the secretive hedge fund that made millions from the credit crisis. Blair, whose “light-touch” model of […]
Hedge fund group Man leads FTSE lower on growth fears
Guardian.co.uk – Man, the world’s largest quoted hedge fund, led the market lower on fears about its future growth. The company’s shares dropped 17.1p to 246p – a 6.5% decline – after it announced that the net asset value of […]
Mutual Funds, ETFs, Hedge Funds Cutting Fees
Registered Rep – Like hard-pressed retailers, investment managers have lately taken to lowering prices. Mutual funds and ETFs have cut expense ratios. Even exclusive hedge funds have reduced the fees they charge clients. Some of the fee cuts may be […]
BlackRock’s Profit Jumps Five-Fold on BGI, Inflows
Business Week – BlackRock Inc., the world’s biggest money manager, said fourth-quarter net income rose almost five- fold as the purchase of Barclays Global Investors lifted fee revenue and investors poured money into stock and bond funds. Earnings rose to […]
FundQuest looking to launch fund of Ucits hedge funds
Investment Week – Multi-manager firm FundQuest is looking to launch a new fund to capitalise on growing number of Ucits III vehicles arriving from the hedge fund space. FundQuest CIO Christophe Belhomme says the growing convergence of hedge strategies to […]
EU Plans Would Limit Investors to 40% of Hedge Funds, FSA Says
Bloomberg – As many as 40 percent of the world’s hedge funds won’t have access to European Union investors if EU plans to oversee funds and private equity are passed in their current form, an official at Britain’s regulator said. […]
Galleon defendant Kurland nears plea
Reuters – Mark Kurland, a former executive at New Castle Funds LLC hedge fund accused in the Galleon insider trading case, appears ready to waive indictment and plead guilty, according to a court document filed on Tuesday. The filing in […]
S.E.C. Cites 2 Funds for Short-Sale Violations
NYT – The Securities and Exchange Commission announced on Tuesday two enforcement actions against hedge funds that had profited by shorting stocks just before they bought shares of the same stock in a public offering. The agency said they were […]
Gottex says hedge fund outflows to reverse in ’10
Reuters – Alternative asset manager Gottex Fund Management Holdings said it expected solid inflows from institutional investors into its hedge funds this year despite assets slipping in the fourth quarter. The company also said its market neutral funds, which attempt […]
UK hedge funds unlikely to sue Porsche
Reuters – UK hedge funds are unlikely to follow U.S. funds in suing Porsche, because they are striving to reach a compromise in Europe over tough new rules for the industry, industry sources said. On Monday a group of U.S. […]
Hedge funds’ $1bn lawsuit says Porsche lied on VW ambition
Times Online – American hedge fund managers sued Porsche and two of its former top managers yesterday for more than $1 billion (£620 million), in what may be one of the biggest damages claims ever received by a German company. […]