Tag Archives: london
Hedge fund rebels aim to oust Strategic Equity Capital bosses
Hedge fund Fortelus and other investors are preparing to oust the management of a publicly listed investment trust because they disagree with its investment decisions, the Guardian has learned. The growing row provides a rare insight into the way hedge […]
Gold investment fever grips US hedge funds
A prominent hedge fund manager has claimed that gold investment is proving popular in the US over fears about inflation. Moonraker, a London-based independent firm, has managed over $330 million worth of assets at BDO Stoy Hayward Investment Management since […]
Northern Rock: ex-shareholders lose compensation challenge
Independent – Former shareholders in nationalised bank Northern Rock failed today in a renewed legal challenge to the Government’s "zero return" compensation scheme. The Court of Appeal in London dismissed an appeal by individual shareholders – including current and retired […]
David Prosser: At last, some good news for hedge funds
The Independent – Grimly aware that a European Commission crackdown on regulation of hedge funds and private equity spells disaster for the EU’s predominantly London-based industry, Treasury ministers have been desperately lobbying their counterparts in Brussels for months, but their […]
Winton to Start Japan Fund, Hire H.K. Staff in Asian Expansion
Winton Capital Management Ltd., the U.K. hedge fund with $12 billion in assets, will start a new fund in Japan and hire staff in Hong Kong as it expands when rivals such as Citadel Investment Group LLC retreat from Asia. […]
Oil Little Changed on Concern Demand Recovery Yet to Occur
Bloomberg – Crude oil was little changed near $60 a barrel in New York amid concerns the global recovery has yet to take root, postponing a rebound in demand for fuel. Hedge-fund managers and other large speculators reduced their net-long […]
Boris Johnson is right: the EU’s hedge fund rules will destroy the City
Telegraph.co.uk – The City is staring into the abyss. If the proposed EU directive on hedge funds goes through, London will go the way of Bruges, Venice and Amsterdam: a once dominant financial entrepôt sidelined by more virile cities. This, […]
Man Group Advances as Pace of Redemptions by Investors Declines
Bloomberg – Man Group Plc, the largest publicly traded hedge-fund manager, rose as much as 4.5 percent in London trading after redemptions by institutional investors slowed. Pension plans, endowments and money managers pulled $1.8 billion on July 1, half the […]
Fund plans ‘could strangle’ City
BBC – Under the EU plans, hedge funds would be required to be more open, and their ability to borrow would be limited. The Mayor is concerned that if these rules are adopted, hedge funds will be driven to relocate […]
UK fund manager settles US market-timing case
Houston Chronicle – A London-based hedge fund manager and its chief investment officer have agreed to a nearly $18 million settlement resolving U.S. regulators’ allegations that one of its funds defrauded U.S. mutual funds and investors through trading practices such […]
Montier quits SocGen for hedge fund
Reuters – One of London’s top analysts, James Montier, has resigned from French bank Societe Generale to join a hedge fund, a source with knowledge of the situation said on Thursday. The source did not say which hedge fund has […]
UK, Sweden to advocate value of hedge funds, private equity
SmartBrief – Britain and Sweden, which takes over the EU’s rotating presidency on 1 July, agreed to work together to explain to other European nations the value of private-equity firms and hedge funds. The UK is concerned that one proposal […]
