Category Archives: Syndicated
Harvard Investments Lose 27.3%, Less Than Forecast
Bloomberg – Harvard University, the wealthiest U.S. school, said its investments fell 27.3 percent in the past year, a $10.1 billion loss that was smaller than President Drew Faust’s forecast in December before markets started to recover. The endowment declined […]
Canadians moving back into hedge funds: AIMA
Reuters – Canadian hedge funds will emerge stronger from the global economic crisis, driven by domestic expertise in key industries like resources and energy, and as the asset class recovers internationally, a chief industry source told Reuters on Thursday. Gary […]
Australia Hedge Funds Return 3.2% in August, 6th Straight Gain
Bloomberg – Australian hedge funds returned an average 3.2 percent in August, the sixth straight monthly advance, as equities managers continued to profit from the global stock market rally. The Australian Fund Monitors Index, which tracks more than 200 hedge […]
Madoff recorded coaching witness to outsmart SEC
Yahoo News – Madoff dismissed an SEC investigation as a “fishing expedition” and highlighted how investigators develop cozy relationships with firms they are supposed to regulate. “The guys … ask a zillion different questions and we look at them sometimes […]
Court orders UBS to post $35 mln bond in fraud case
Forbes – A Connecticut court ordered UBS to pledge assets or post a $35 million bond after finding ‘probable cause’ that the bank committed securities fraud in a deal with Pursuit Partners, the hedge fund’s lawyers said on Wednesday. Superior […]
Volcker says banks should not own hedge, equity funds-report
Forbes – Banks should not be allowed to own hedge funds or equity funds and their trading activity should be limited, former Federal Reserve Chairman Paul Volcker said in an interview with Il Sole 24 Ore on Thursday. ‘A bank […]
Judge: Bank Of America Must Defend Lancer Hedge Funds Suit
Nasdaq – Bank of America Corp.’s (BAC) securities unit must defend an investor lawsuit over whether it aided and abetted Lancer Management Group LLC in deceiving investors about the value of two British Virgin Islands hedge funds‘ holdings. In an […]
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 […]