Tag Archives: money
Hedge fund Artradis hires RBS’s Dredge
Reuters – Artradis Fund Management, Singapore’s largest hedge fund manager, said on Monday it has hired David Dredge from Royal Bank of Scotland as managing director for portfolio management. Dredge was deputy global head of local markets at RBS as […]
Singapore hedge fund Artradis hires RBS
HedgeCo.net – Artradis Fund Management, Singapore’s largest hedge fund manager, said on Monday it has hired David Dredge from Royal Bank of Scotland as managing director for portfolio management. Dredge was deputy global head of local markets at RBS as […]
Atlantis Seeks Vote to Shut China Fund, Open New One
Bloomberg – Atlantis Investment Management Ltd., a London-based firm that oversees $1.8 billion, is seeking unitholders’ approval to liquidate the China Fortune Fund from which redemptions have been frozen since October. China Fortune Fund unitholders may choose to exchange their […]
Citadel marketing new fund with lower fees
Reuters – U.S. hedge fund Citadel Investment Group LLC plans to roll out several new funds, including one with lower fees that will aim to make money on currencies, interest rates and other trades based on broad economic trends, the […]
Hedge-Fund Destruction Is the Route to Salvation: David Reilly
Bloomberg – Like plenty of financial players, hedge funds are taking a beating. Many once-high-flying managers have been swamped by losses. Others have abandoned the business after discovering it wasn’t such an easy path to riches. Even some of the […]
Ackmans Pershing Square Target Fund Fell 33.3% in February
Bloomberg – William Ackman’s hedge fund that invests solely in Target Corp. fell 33.3 percent in February, bringing the loss since inception to 93 percent, according to an e-mail sent to investors. The decline in Pershing Square IV fund was […]
Big Madoff Investors Targeted
Financial Times – The trustee charged with tracking down money for victims of Bernard Madoff’s alleged $50bn Ponzi scheme will target big investors – such as hedge funds – that pulled "substantial amounts" of "false profits" out of the broker’s […]
Ashmore sees tough 2009 for fund raising, outflows
Interactive Investor – British fund firm Ashmore Group said it expected the fund-raising environment to remain tough in 2009 as clients continue to cash in investments, after it reported first half profits in line with forecasts. The group, which specialises […]
Investors still flock to annual huddle
Financial Post – Investors have lost a lot of money in mining companies the past few months, but they still seem interested in finding the next big winner. About 300 investors are expected for BMO Capital Markets’ annual global mining […]
Ginga Beats Japan Hedge Fund Rivals With Telecommunications Bet
Ginga Service Sector Fund, the third-best performing Japan-focused hedge fund in 2008, held its ranking in January by investing only in the telecommunications and services companies. The 3.4 billion yen ($36 million) fund, advised by Tokyo- based Stats Investment Management […]
Art Show Opens in NY With Less Hedge-Fund Money for Picasso
Bloomberg – At the Art Show last year, dealer Richard L. Feigen offered an $8.5 million Pablo Picasso still life. This year, he’s highlighting less expensive art, including a $90,000 purple teapot painting by Georges Braque. “The guys with the […]
