European steel group Arcelor on Monday, dismissed a call to open talks with suitor Mittal Steel by a hedge fund known for its active participation in bid situations. Hedge fund Atticus Capital said that it had written to Arcelor’s chief […]

Reuters – Weak average returns slowed the growth of assets managed by the world’s largest fund of hedge fund groups to around 12 percent last year from 42 percent in 2004, trade publicationInvestHedge said on Monday. The survey showed assets […]

National Post – The Portus Alternative Asset Management Inc. scandal may have put Canada’s fledgling hedge fund industry on the global map last year, but not in a way anyone in the business would have liked. At hedge fund conferences, […]

Rocky Mountain News – The former Denver Broncos players liked the investment pitch, pouring millions of dollars into the Atlanta-based hedge funds. Now they say they were burned. Steve Atwater, Terrell Davis and Ray Crockett, along with other investors including […]

New York Times – On a summer day in 2003, Anthony DiMartino was helping pour concrete  on a construction job in Manhattan when he tripped on a cable sticking out of the ground and fell, injuringhimself. While the operations on […]

Reuters.uk – Investment manager Schroders (SDR.L: Quote, Profile, Research) reported an 18.5 percentrise in pretax profit for 2005 and said on Tuesday it was buying a hedge fund business for up to $142 million. Profits before tax rose to 250.7 […]

Washington Post – Schwab Hedged Equity Fund’s Vivienne Hsu bets on, and against, stocks according to ratings that her firm assigns. Otherwise, she might not own Payless ShoeSource Inc., the fund’ssecond-largest holding. Payless, which operates about 4,600 shoe stores, amounted […]

International Herald Tribune – While driving from the main airport in Mumbai to the city center, one can’t help but notice that most billboards that dot the skyline aren’t advertising soap, clothes or washing machines. They are hawking investments.   […]

There are many strategies for the modern investor. But are hedge funds really the best way to make cash? It’s that time of year again. The hedge fund and investment fund conferences are about to hit town. But in a […]

Reuters – Quadrangle Group LLC, the private equity firm focused on media and communications investments, said on Friday that the firm is launching a hedge fund. The move reveals a growing trend of private equity firms starting hedge funds and […]

Reuters – Permal Group, a unit of U.S.-based investment company Legg Mason Inc. (LM.N: Quote, Profile, Research), has launched a fund of hedgefunds tapping strong economic growth in India, Permal said on Thursday. Permal India Holdings will invest in 20 […]

Wall Street and Technology – Big changes are afoot in the prime brokerage world. Once an esoteric business controlled by three players—Morgan Stanley, Bear Stearns and Goldman Sachs—it has become ahotbed of competition as rival banks and brokers have sought […]