Tag Archives: investment-group
Geithner Aides Reaped Millions Working for Banks, Hedge Funds
Bloomberg – Some of Treasury Secretary Timothy Geithner’s closest aides, none of whom faced Senate confirmation, earned millions of dollars a year working for Goldman Sachs Group Inc., Citigroup Inc. and other Wall Street firms, according to financial disclosure forms. […]
Massachusetts state fund drops 4 hedge fund firms
Reuters – Massachusetts will remove $1.6 billion from hedge fund managers Blackstone, Crestline, EIM Management, and Strategic Investment Group as it shifts its investment strategy after suffering recent heavy losses. Trustees for the roughly $40 billion fund voted on Tuesday […]
Selector hails rise of Ucits III hedge funds
Citywire.co.uk – Fund selector Christian Lundström, from Independent Investment Group in Sweden, is welcoming the evolution of the Ucits III space which is seeing more and more hedge fund groups entering the area. Last week, HSBC Asset Management’s Farley Thomas warned […]
Tokio Marine to Cut Hedge-Fund Investments This Year After Rout
Bloomberg – Tokio Marine Holdings Inc., Japan’s biggest casualty insurer, plans to trim hedge-fund investments and shift more of its portfolio in the industry to strategies such as macro and long-short equity funds. Tokio Marine & Nichido Fire Insurance Co., […]
Camulos May Give Mariner Role in Hedge-Fund Business Operations
Bloomberg – Camulos Capital LP, a hedge-fund firm founded by former Soros Fund Management LLC trader Richard Brennan, is in talks to have Mariner Investment Group run its business operations. Mariner, an $11 billion firm managed by Bill Michaelcheck, may […]
Russian firm buys stake in Facebook
Businessandleadership.com – Just a year and a half after Microsoft paid US$240m for a 1.6pc stake in social-networking player Facebook, a Russian technology investor has paid US$200m for a 1.9pc stake in the company. The Microsoft investment in September 2007 […]
Disgraced NY lawmaker joins hedge fund – report
Reuters – Vito Fossella, a former U.S. congressman representing sections of New York until a drunk driving conviction last year, has joined controversial hedge fund Superfund Investment Group, the Staten Island Advance reported this week. The community newspaper, citing unnamed […]
Octagon, Run by Ex-GIC Staff, to Start Hedge Fund
Bloomberg – Octagon Capital Management Pte, run by former managers of the Government of Singapore Investment Corp.’s quantitative-investment group, plans to start a fund that seeks to profit from broad economic trends. Octagon, which uses computer models to pick trades, […]
Row over Salmond adviser’s hedge fund in the Caymans
Times Online – Alex Salmond is under renewed pressure over his links with Sir George Mathewson, the former HBOS chairman, after it emerged that Sir George’s investment group’s hedge fund is running businesses from the Cayman Islands. John McFall, the […]
Man eyes more Asian institutional sales
Interactive Investor – Man Group aims to win more business from big Asian investors such as pension funds and insurers even as global financial turmoil spurs some existing clients to redeem holdings and seek safety in cash. The world’s largest listed […]
Asian stock markets rebound from early lows
The Olympian – Asian stock markets turned in a mixed performance Friday, but most recoiled from their lows despite a grim profit forecast from Toyota and sluggish U.S. economic data. European markets opened higher. <a href="http://ad.doubleclick.net/click%3Bh=v8/3771/3/0/%2a/m%3B206972556%3B0-0%3B6%3B21053753%3B4307-300/250%3B27904097/27921976/1%3B%3B%7Esscs%3D%3fhttp://altfarm.mediaplex.com/ad/ck/9273-64089-6172-3?mpt=7042861"> <img src="http://altfarm.mediaplex.com/ad/bn/9273-64089-6172-3?mpt=7042861" alt="Save Some […]
South Korea to introduce new fund sales rules
SEOUL (Reuters) – South Korea will allow mutual savings firms and online-based companies to sell investment funds from next February, and draw up measures to cut sales fees for long-term investors, a regulator said on Sunday. The Financial Services Commission […]
