Category Archives: Syndicated
Hedge Firm Says Chief Will Retire
NYT – James H. Simons, one of the most respected money managers in the hedge fund industry, told investors Thursday he planned to step down from day-to-day management of Renaissance Technologies, the firm he founded over 30 years ago. Mr. […]
Ex-Bear Stearns Fund Manager Tannin Worried About ‘Blow Up’
Bloomberg – Former Bear Stearns Cos. hedge fund manager Matthew Tannin, accused of misleading investors, said “We could blow up” in a 2006 e-mail, according to documents released by prosecutors. Tannin, 47, is set to go on trial Oct. 13 […]
Ex-Morgan Stanley Vet To Launch Hedge Fund
Emii.com – Former Morgan Stanley co-president, Zoe Cruz, is planning to launch her own hedge fund, The Wall Street Journal reports. Cruz expects to launch Voras Capital Management with at least $200 million, and is likely to invest in a […]
Banks offering credit again in hedge fund land grab
Forbes – Prime brokers are offering hedge funds more credit at a lower cost in a desperate battle for market share, although the biggest hedge funds are reluctant to move away from brokers they consider safe. With the risk of […]
UK’s West Midlands invests in fund of hedge funds
Reuters – The West Midlands Pension Fund, one of the UK’s largest local government schemes, has invested 40 million pounds ($64.28 million) in a fund of hedge funds. Goodhart Partners said on Thursday the pension fund, which has 7 billion […]
Hedge fund assets rebound, near $2 trillion-report
Reuters – Rising markets and a fifth straight month of investors adding money pushed hedge fund assets close to $2 trillion in September, according to industry research firm HedgeFund.net. Globally, hedge fund assets rose nearly 3 percent last month to […]
Despite ’08 pain, the rich still like hedge funds
Reuters – It appears nothing — not losses, redemption gates or lofty fees — can deter the rich from stashing their cash in hedge funds. A year after crumbling markets triggered losses and fund managers drew fire for blocking redemptions, […]
Hedge fund manager’s call hurts Realty Income Corp.
Reuters – Hedge fund manager William Ackman helped send Realty Income Corp (O.N), a real estate investment trust, down 4.5 percent on Wednesday after he identified it as good stock to bet against, analysts said. Ackman, who manages $4.8 billion […]
SEC And Manhattan DA Investigate Southridge Capital
Forbes – Southridge Capital Management, a Ridgefield, Conn., hedge fund firm run by Stephen Hicks that primarily employs an investment strategy known as PIPEs, is under investigation by the Securities and Exchange Commission and Manhattan District Attorney Robert Morgenthau. The […]
Swiss officials make pitch to lure UK bosses
TimesOnline – It is understood that one chief executive was offered a flat tax rate of 10 per cent on his personal income if he relocated the company to Geneva and lived there, as long as he provided a forecast […]
Julius Baer buys ING’s Swiss private banking business
Finance Asia – Swiss private bank Julius Baer Group will buy ING Bank (Switzerland) for SFr520 million ($505 million) in cash. Julius Baer will gain SFr15 billion of assets currently under management with ING in Switzerland, adding 10% to its […]
Active credit funds seen outperforming
Reuters – Active credit fund managers are set to enjoy stellar returns in 2010 as individual company performance supplants the financial crisis as the crucial driver of prices. Passive managers who track indices — as opposed to funds that focus […]