MSN MoneyCentral – Fortress Investment Group, which on Thursday will become the first US hedge fund and private equity group to go public, is generating intense demand for its shares among investorsanxious to grab a slice of the flotation, which […]

Patriot Ledger – After searching in the last two years for another major acquisition, State Street Corp. CEO Ron Logue finally found what he was seeking just a mile from his office. State Street unveiled plans yesterday to buy Boston-based […]

Boston Globe – Fortress Investment Group plans to become the first publicly traded U.S. private equity and hedge fund this week in an initial public offering that will raise about $600 million and value the entire company at about $7 […]

Reuters Italia – European Union market regulators said on Tuesday they would allow indexes that track hedge funds to be included in cross-border funds popular with small investors, but under strictconditions. The Committee of European Securities Regulators signalled a shift […]

Asian Investor – Swiss Financial Services has become the latest provider to enter Asia’s growing hedge-fund administration space, setting up shop in Singapore. The move marks the first Asia foray by the Zurich-based firm and comes at a time when […]

New York Times – The Securities and Exchange Commission has begun a broad examination into whether Wall Street bank employees are leaking information about big trades to favored clients, like hedgefunds, in an effort to curry favor with those clients, […]

Herald Tribune -NEW YORK: Mark Carhart looked out over the packed New York conference room and told investors that Warren Buffett had it all wrong. Carhart, co-head of the quantitative strategies group at Goldman Sachs, used his speech in July […]

By Roy Mitchell  6 February 2007 –As that McGonagalistic nursery rhyme demonstrates, hedge fund performance can mean different things to differentpeople. The main reason I invested in a hedge fund was that I did not trust myself. When I had […]

Financial Standard – Austock Securities has snapped up two directors from Citigroup’s hedge fund sales business to start their own hedge fund sales team. Nicki Ashton and Michael Cori both worked as directors in hedge funds sales at Citigroup prior […]

Reuters South Africa – South Africa’s rand eased against the dollar on Monday, tracking a general weakness among commodity currencies triggered by a sell-off by hedge funds and may trend weakerduring the session, dealers said. The rand was softer at […]

Time — In 1962, a government study of mutual funds revealed that they were, on average, average, or worse. This was an affront to many on Wall Street who assumed that, of course, professional investors beat the market. It was left to […]

Times Online -Sushil Wadhwani, the high-profile former Bank of England Monetary Policy Committee member and hedge fund manager, has closed his best-known fund, it emerged yesterday. The closure came more than four years after the Keynes fund was one of […]