Category Archives: Syndicated
Morgan Stanley offered to buy $5 bln hedge fund-report
PHILADELPHIA, Nov 24 (Reuters) – Morgan Stanley (MWD.N: Quote, Profile, Research) recently offered to buy $5 billion hedge fund FrontPoint Partners, but a deal never materialized because the two parties couldn’t agree on a price, The New York Times reported […]
Hedge Funds Buy Copper on Speculation China Needs to Cover Bets
(Bloomberg) Hedge-funds including Winton Capital Management are buying copper on speculation China will purchase the metal to cover wrong-way bets by a government trader. Speculators helped send prices to a record high this month, saying China may need to buy […]
Could hedge funds hurt the U.S.?
(CNNMoney.com) – Do hedge funds harm or help the economy? That question was raised recently not by concerned regulators or central bankers but by one of the most famously successful hedge fund managers in the world. Speaking at a forum […]
Hedge fund sector helps Cayman’s children
Cayman’s hedge fund community rallied together this month in support of a new Cayman charity formed to eradicate and assist the victims of child abuse. At a benefit dinner held on 3 November at the Grand Old House, a net […]
BET Founder Is Moving On To Hedge Fund
Robert L. Johnson, who became a billionaire after selling Black Entertainment Television, is starting a hedge fund venture with Deutsche Bank with the aim of developing the largest money management firm owned by black Americans, he said yesterday. Mr. Johnson, […]
Refco highlights Man Group
Pittsburgh Post-Gazette – Stanley Fink has already transformed United Kingdom-based Man Group PLC from a stodgy commodities trader — it once supplied rum rations to the British Navy — into one ofthe world’s biggest hedge-fund companies. Now he is hoping […]
US pension accounting shift
MSNBC – Proposed changes to pension fund accounting in the US are likely to prompt a shift of investment away from equities and into bonds while speeding the demise of defined-benefit plans,according to investment experts. The accounting changes under consideration […]
Dollar May Gain After Fed\’s Moskow Signals More Rate Increases
(Bloomberg) — The dollar may rise for a second day against the euro after Federal Reserve Bank of Chicago President Michael Moskow said more interest-rate increases may be needed. The U.S. currency has gained almost 16 percent versus the euro […]
Judge drops charges against ex-CIBC exec ‘
NEW YORK — A state judge dismissed charges Monday that were filed against a Canadian Imperial Bank of Commerce official who had been accused of aiding an improper trading scheme that stole more than$2 million from two mutual funds. State […]
Oil investors facing hedge fund talent crunch
SINGAPORE, Nov 22 (Reuters) – Big-money investors aiming to profit from volatile energy prices are facing an unexpected obstacle: a dearth of experienced managers and traders in the fund industry, a conference heard on Tuesday. The shortage of trusted trading […]
Greenback performance stymies best and brightest of hedge fund managers
Globe Investor – Last month, some of the sharpest investors on the planet got it wrong with the U.S. dollar. Macro hedge funds invest in stock, bond, commodity and currency markets by monitoring large economic trends. They showed their worst […]
Investors advised to stay out of hedge funds
The Times – THE most authoritative academic study into the burgeoning hedge fund industry has advised individual investors to shun them or minimise their exposure. A group of American economists studied the industry, which they say consists of more than […]