Tag Archives: hedge fund
Mutual Funds, ETFs, Hedge Funds Cutting Fees
Registered Rep – Like hard-pressed retailers, investment managers have lately taken to lowering prices. Mutual funds and ETFs have cut expense ratios. Even exclusive hedge funds have reduced the fees they charge clients. Some of the fee cuts may be […]
BlackRock’s Profit Jumps Five-Fold on BGI, Inflows
Business Week – BlackRock Inc., the world’s biggest money manager, said fourth-quarter net income rose almost five- fold as the purchase of Barclays Global Investors lifted fee revenue and investors poured money into stock and bond funds. Earnings rose to […]
Corruption probe that became fatal game of Russian roulette for Bill Browder
Telegraph – Bill Browder knows exactly the “darkest day” of his life. It was Tuesday November 17, the day he found out that his colleague Sergei Magnitsky, a Russian lawyer, had died in a squalid Moscow prison awaiting trial. Although […]
Jun Mihara Announces Launch of Asian Distressed Debt Hedge Fund
West Palm Beach (HedgeCo.net) Former Merrill Lynch banker Jun Mihara, 45, has announced plans to launch a fund to invest in Asian distressed debt. Mihara was hired by Zais Group LLC of Red Bank, NJ last month to serve as its […]
Hedge Funds Benefit From Appreciaton Of Gold/Emerging Markets/Europe
New York (HedgeCo.net) – “Hedge funds performed as advertised in October—they hedged,” said Nadia Papagiannis, Morningstar alternative investment strategist. “Though the economy may be recovering, hedge fund managers appear positioned for a reversal.” However, hedge funds in the Morningstar Europe […]
Phibro reaches out to hedge fund investors
MarketWatch – Phibro LLC, which became embroiled in controversy over star trader Andrew Hall’s compensation, is reaching out to hedge fund investors as Citigroup Inc. relinquishes its grip on the profitable energy-trading firm, two people familiar with the situation said […]
A Hedge-Fund King Comes Under Siege
WSJ – Hedge-fund titan Kenneth Griffin lost $8 billion of his clients’ money last year. Now, he is trying to persuade investors to trust him with more. “We showed a level of human fallibility,” he told his staff at a […]
Nomos Capital’s Lowe Testifies He Never Hired Escorts, Hit Man
Bloomberg – Nomos Capital Partners Ltd. founder Mark Lowe said he didn’t take escorts on business trips and didn’t hire a hit-man to kill a former employee who is suing him for sexual discrimination. Lowe testified yesterday that he “took […]
Lobbying Effort Backfires for Hedge Funds
The New York Times – The hedge fund industry has incurred a backlash by lobbying aggressively against proposed European Union rules and now faces possible pay curbs that were not envisaged in the original legislation. Attacks by some London-based hedge […]
Dynamic Hedge Fund Chairman Says Fraud Allegations ‘Unfounded’
Bloomberg – Alberto Micalizzi, founder of the hedge fund firm Dynamic Decisions Capital Management Ltd., said allegations that he invested in worthless bonds are unfounded and investors will recover close to 100 percent of their money. The firm’s main hedge […]
