Category Archives: Syndicated
Hedge fund assets soar to almost $2500bn
MSNBC- The global hedge fund market grew by about a fifth to almost $2,500 billion (£1,250 billion) in the first half of this year. Assets under management in global hedge funds reached $2.48 trillion in July, according to research out […]
Hedge fund, private equity sectors seen at a peak
Reuters- The hedge fund and private equity industries have reached a near-term peak in their cycles after years of rampant growth, speakers at a Reuters Forum said on Thursday. “Private equity and hedge funds both have cycles, and I think […]
Investors force Absolute Capital to allow redemptions on four funds
ABCmoney.co.UK- AIM-listed hedge fund manager Absolute Capital Management (ACM) has bowed to investor pressure and allowed investors in four funds currently being restructured to redeem up to 30 pct of their investments over the next 12 months. The firm, which […]
Bear returns to public debt market
MSN MoneyCentral-Bear Stearns returned to the public debt market on Thursday with a $2.5bn note sale, indicating that the troubled investment bank does not have any current funding crisis that wouldrequire it to find an outside investor to take a […]
Hedge Funds in Hollywood
Slate- Popular culture, which is created by some of the least business-savvy people on the planet, has always been slow to latch onto business and economic trends. The covers of large-circulation magazines are a good contrary indicator. And TV, movies, […]
Tax Law Revisions May Slap Reinsurers, Hedge Funds
NY Sun- Eyeing new sources of revenue, the Senate FinanceCommittee is considering legislation that would close what some say are loopholes in the law that allow reinsurance companies and hedge funds to avoid taxes by setting up headquarters offshore.The panel […]
Yale University Fund Earns 28 Percent, Best Return Since 2000
Bloomberg- Yale University, the third-oldest U.S. college, generated its highest annual investment return in seven years, gaining 28 percent as global stock markets, hedge funds and buyout funds soared. Yale’s assets swelled to $22.5 billion in the 12 months ended […]
London shares open firmer; NY closes higher; Northern Rock gains
CNBC- Leading shares opened firmer as Wall Street closed higher with Northern Rock a major gainer in the blue chips on reports of a bid approach from Spanish businessman Jose Maria Ruiz-Mateos and that the group is opening its books […]
Majority of hedge funds say ’08 U.S. recession likely
Reuters- A majority of hedge fund managers say a U.S. recession is “very likely” in 2008, but fewer than one in five said an economic slowdown would be bad for their funds, a survey ofseveral-hundred hedge fund managers released on […]
Treasury Panels to Study Hedge Funds
Newsday – The Treasury Department on Tuesday announced the formation of two advisory groups to develop recommendations for a set of “best practices” for the operation of hedge funds, the giant pools of capital that were heavily involved in the […]
U.S. Aims to Limit Funds
Washington Post – The Treasury Department yesterday assembled two blue-ribbongroups that will explore ways to minimize the risks associated with hedge funds, the latest step to promote accountability in the $1 trillion sector without restricting its growth. Hedge funds are […]
JPMorgan hedge fund unit turns to outsourcing
Stamford Advocate – JPMorgan’s hedge fund services unit in Greenwich is positioning itself for further growth with the advent of new technology that enables funds of hedge funds to outsource middle-office functions, such as administration and custody services. The unit […]