Tag Archives: hedge funds
Sprott profit sags as equity rise hits hedge funds
Reuters – Quarterly profit at asset manager Sprott Inc was down by half as some hedge funds were hurt by rallying stock prices, while the company said opportunities still exist on the long side of the market. Eric Sprott, who […]
Miller Heads Up New NorthPoint Dallas Office
HedgeCo.net (West Palm Beach) – Atlanta based hedge fund prime brokerage firm, NorthPoint Trading Partners, LLC, has opened an office in Dallas, Texas, led by industry veteran Chip Miller. Miller joins NorthPoint from Stadium Capital where he was head trader […]
Brazil Hedge Funds Post Biggest Monthly Inflow in July for ’09
Bloomberg – Brazilian hedge funds lured about 8.2 billion reais ($4.52 billion) in July, the biggest monthly inflow this year, as a rebounding economy and record low interest rates increased demand for stocks and other higher- yielding assets. The investment […]
Harvard Management hires two from hedge funds
Reuters – Harvard Management Co, which invests the Ivy League school’s multibillion dollar endowment, hired two investment managers away from two prominent hedge funds, the university said on Wednesday. Emil Dabora, a senior managing director at Caxton Associates, will join […]
Massachusetts Cuts Hedge Funds After Pension Loss
Bloomberg – Massachusetts will cut investments in hedge funds after its public pension plan lost a record 24 percent on all assets in the fiscal year ended June 30. The state pension plan’s board of trustees voted today to lower […]
Credit Suisse Alternative Index Replication Suggests a Positive Month for Hedge Funds
HedgeCo.net (West Palm Beach) – Long/Short Equity hedge funds continued to increase overall net exposures in July, enabling managers to capitalize on market upswings early in the month, according to Jordan Drachman, Head of Research for Alternative Beta Strategies at […]
Citadel To Return $250M To Clients
Reuters – Hedge fund firm Citadel Investment Group will return millions to clients who asked to exit last year, but were locked in when its flagship funds lost more than half their value during the financial crisis. The Chicago-based firm, […]
SFO to investigate banks over mis-selling of complex products
Citywire.co.uk – The Serious Fraud Office (SFO) is to probe UK banks for evidence that complex financial products were mis-sold to consumers before the recession hit. SFO director Richard Alderman plans to investigate the sale of complicated financial instruments like […]
EU Law May Cost Pension Industry Billions of Euros, AIMA Claims
Bloomberg – The European Union’s plan to regulate hedge funds will cost the bloc’s pension industry about 25 billion euros ($36 billion) a year, the Alternative Investment Management Association said. The proposed law would drive pension funds toward more traditional […]
Merlin Merger Provides Hedge Fund Managers Access to Network of Industry Experts
HedgeCo.net (West Palm Beach) – Hedge fund prime broker Merlin Securities and financial tech group Gerson Lehrman, announced an exclusive research partnership which will allow Merlin to provide emerging managers with access to Gerson Lehrman Group’snetwork of more than 200,000 […]
Despite Pressure, Hedge Funds Resist Reducing Fees
New York Times – Despite the industry’s record losses in 2008, hedge funds generally aren’t lowering their fees without concessions from investors, such as longer lock-up periods and commitments of at least $100 million, money managers and consultants tell Bloomberg […]
Talk of Fortress expansion spree overblown
Reuters – Rumours of an acquisition spree by Fortress Investment Group are greatly exaggerated and may disappoint investors who jumped into the stock during the past week. The private equity and hedge fund giant last week named director and former […]
