Marketwatch – A rash of initial public offerings by hedge funds expected this year will let ordinary folk invest in the asset-management world’s raciest vehicles. But could investors end up driving lemons rather than limos? The planned U.S. stock market […]

New York Post – J.P. Morgan Securities is shopping Ameriquest, one of the largest sub-prime mortgage lenders in the U.S., to bond hedge funds, sources said. Ameriquest’s bankers have approached several buyers recently, including Ellington Capital Management, a large Old […]

Times Online – Man Group said it is managing investment funds worth more than $60 billion (£31 billion), as it prepares to hand control of the group to a new chief. The hedge funds group said a flood of new […]

Times Online -Brevan Howard, the hedge fund manager, is poised to float a new permanent capital vehicle in London, pitting the City against Amsterdam. BH, which manages $11 billion (£5.7 billion), is planning the flotation of a new fund along […]

MSN MoneyCentral – Julius Baer has sold its $9bn London fixed-income investment boutique to management, just 18 months after the Swiss bank bought the far larger Global Asset Management from rivalUBS. The newly independent division – rebranded as Augustus Asset […]

New York Sun – The city comptroller, William Thompson Jr., is in the final stages of studying whether the city’s five pension funds should start investing in hedge funds. The comptroller raised the possibility of the change in investment policy […]

Reuters UK – Demand for multi-manager funds is increasing in Asia and has been a fast-growing area of fund investments globally as investors seek better returns, a top HSBC fund manager said onWednesday. Unlike single-manager funds, multi-managers employ an investment […]

Reuters – Former U.S. Treasury Secretary John Snow said on Tuesday he expected the leaders of the global economy would try to find a way to monitor hedge funds without imposing heavy-handedregulation on them. “The issue here is finding the […]

Reuters UK – The investment arm of Legal & General said on Monday that it has appointed former hedge fund executive Ian King to revive its European active equity team after staff exits last year. King will hold the post […]

The hedge fund and mutual fund worlds seem to occupy parallel universes. Hedge funds cater to the wealthy, luxuriate in secrecy and relish risky tactics, such as selling stocks short and employing borrowed money to magnify their bets. Mutual funds […]

LONDON (Reuters) – Private equity — traditionally wary of the complex drugs sector — is increasingly scanning the pharmaceuticals industry for value, suggesting scope for sizeable buyouts in 2007. Dutch-based Akzo Nobel (AKZO.AS: Quote, Profile , Research) is talking to […]

EW HAVEN, Conn.— A former college student who posed as a Turkish heir and persuaded sophisticated investors to pour millions into a nonexistent hedge fund was released on bond yesterday. Hakan Yalincak’s release on $1.1 million bond until his Feb. […]