Tag Archives: assets
Texas already regulates hedge funds
Dallas Morning News – There are 200 hedge funds in this area, putting the Dallas area third behind only New York and San Francisco in the number of hedgies. Most have offices in the Crescent, Preston Center and in Plano. […]
Pimco’s Gross Says Harvard, Yale May Need to Alter Investments
Bloomberg – Yale University and Harvard University may have to cut investments in hedge funds and private equity because the risks of holding the hard-to-sell assets outweigh the returns, said Bill Gross, co-chief investment officer of Pacific Investment Management Co. […]
Fund of hedge funds Castle to add London listing
Reuters – Castle Alternative Invest, a Swiss-listed fund of hedge funds, plans to list in London to improve the liquidity of its shares, its investment manager LGT Capital Partners said on Tuesday. The fund, which has assets of more than […]
Steel Partners forges ahead with fund conversion
Reuters – Warren Lichtenstein’s Steel Partners LLC is forging ahead with a controversial plan to convert its flagship hedge fund, Steel Partners II, into a publicly traded holding company in the face of opposition from shareholders calling for liquidation. The […]
Spanish bank to repay $235M it withdrew from Madoff scheme
USA Today – A Spanish banking giant that channeled $3 billion of its clients’ funds to Bernard Madoff has agreed to repay more than $235 million it withdrew from the confessed Ponzi scheme architect in the months before the scam […]
Consolidation looms for Swiss funds of hedge funds
Reuters – Many of Switzerland’s smaller fund of hedge funds providers could be forced to consolidate in order to cover increasingly onerous expenses if they are unable to attract significant assets, a Swiss academic said on Monday. The small average […]
Steel Partners forges ahead with fund conversion
Reuters – Warren Lichtenstein’s Steel Partners LLC is forging ahead with a controversial plan to convert its flagship hedge fund, Steel Partners II, into a publicly traded holding company in the face of opposition from shareholders calling for liquidation. The […]
Six exit hedge fund firm NewSmith in cost cuts
Reuters UK – NewSmith Capital Partners, one of the hedge fund firms to appear before a parliamentary committee investigating the UK banking crisis in January, has lost six staff as it cuts costs in a tough period for the industry. […]
In Advising US, BlackRock Thrives in Uncertain Times
The Ledger – The financial crisis has ravaged many a Wall Street giant, but it has also produced a handful of winners. BlackRock, a money manager that is much admired but little known outside financial circles, is fast emerging as […]
