Category Archives: Syndicated
Jupiter boss calls for more hedge fund regulation
Reuters – One of the joint chief executives of Jupiter Asset Management said hedge funds should be more tightly regulated in the wake of big losses suffered by some high-profile funds. Earlier this month U.S.-based Amaranth Advisors said it had […]
Kelso raises 100 million pounds in private equity fund
Reuters – Kelso Place Asset Management said on Tuesday it had closed its third fund, having received total commitments of 100 million pounds. The Kelso Place UK Special Situations Fund aims to make a small number of investments to UK-based […]
Jabre Shouldn’t Be Back in Hedge-Fund Industry
Bloomberg – Is the hedge-fund industry serious about self-regulation? Does it care in the least about its image? Or does it just want to stuff as much money as possible into the big bag marked swagbefore the whole party gets […]
Deutsche Bank and GLG face bond fines
MSN MoneyCentral – France’s stock market regulator has recommended imposing heavy fines on Deutsche Bank and GLG Partners, the leading London-based hedge fund, over their involvement in a 2002 issueof convertible bonds by Alcatel, the French telecommunications equipment group. The […]
Hedge-fund empire falters
Pittsburgh Post-Gazette – Ravinder Mehra built a hedge-fund empire on smart trades and savvy marketing. But sudden losses are exposing deep cracks in that empire’s foundation. The 48-year-old Mr. Mehra, for many years considered among the top traders in global […]
Priority offers hedge fund with NIS 200,000 entry level
Globes – AL Priority Investments Ltd. has set an extraordinarily low minimum investment in its hedge fund portfolios. Priority Investments offers investment in hedge funds for customers withportfolios of over NIS 1 million. It recommends that hedge funds comprise 20-40% […]
Sumitomo Mitsui Plans to Offer Fund of Hedge Fund Products
Bloomberg – Sumitomo Mitsui Financial Group Inc., Japan’s third-biggest bank by assets, this year plans to offer its customers managed fund of funds products, including riskier hedge and commodityinvestments, to boost fee income. Sumitomo Mitsui, which paid 190 billion yen […]
Hedge Funds Flat in September
Forbes – The Greenwich-Van Global Hedge Fund Index returned +0.01% in September (+6.55% YTD), according to Greenwich-Van Advisors, LLC. By comparison, the S&P 500, Lehman Brothers Aggregate Bond Index, MSCI World Equity Index and FTSE 100 returned +2.58% (8.53% YTD), […]
Hedge funds on German finance ministry
BERLIN (Reuters) – Germany plans a discussion on the risks and opportunities of hedge funds when it takes over the presidency of the Group of Eight (G8) industrialised countries, a finance ministry document obtained by Reuters shows. The document, entitled […]
Rell hopes to salvage Amaranth collapse
Stamford Advocate – Gov. M. Jodi Rell has offered the state’s help in job placement to keep the hundreds of high-skilled workers at Greenwich’s moribund Amaranth Advisors hedge fund firm in Connecticut. Yesterday, Rell assigned Barbara Fernandez, director of the […]
Hedge fund may have Finish Line under foot
Indianapolis Star – Clinton Group, a New York hedge fund, seems to be following a pretty specific game plan when it comes to investing in The Finish Line. It’s a strategy that investors should watch closely. Hedge funds, lightly regulated […]
Controversial Hedge Fund Investment Loss Grows to $105 Million
San Diego Business Journal – Now facing a loss of $105 million invested in a failed hedge fund, San Diego County’s pension board is mulling whether to continue similar investing strategies, as wellas litigation against Connecticut-based Amaranth Advisors LLC. Brian […]