Jupiter Asset’s Bonham Carter gives up fund
Reuters – Edward Bonham Carter, chief executive of Jupiter Asset Management, is to stop running his Undervalued Assets fund after threatening last year to hand over the role if performance did not...
View ArticleHedge fund makes £13m short-selling Aviva
Independent – Lansdowne Partners, the hedge fund, has made almost £13m from a short position in Aviva – and stands to make more if the beleaguered insurer announces a rights issue. The London-based...
View ArticlePensions seen fuelling hedge fund industry growth
Reuters – Pension funds will likely funnel more money into hedge funds and become a powerful engine of growth for the industry in the coming months, a hedge fund industry veteran said on Wednesday. "We...
View ArticleLong and short funds merge to ride crisis
Financial Standard – The financial crisis could bridge the gap between diametrically opposed asset managers with more hedge funds merging with long-only funds to slash operational costs, predicts...
View ArticleGreek Isles enters bankruptcy; owner says fault lies with fund
ReviewJournal.com – The majority owner of the Greek Isles blamed "greedy hedge-fund guys" interested in wiping out the current owners’ equity stake for pushing the property into Chapter 11 bankruptcy...
View ArticleSocGen fund managers leave to create own fund
Reuters – A team of hedge funds managers at Societe Generale is leaving to set up their own hedge fund with capital from the French bank, La Tribune reported on Tuesday. The paper said the move was led...
View ArticleUPDATE 1-Hedge fund manager Odey eyes new bull market
Forbes – The current rally in stock markets may be the start of a new bull market, said hedge fund manager Crispin Odey, founding partner at Odey Asset Management and one of the hedge fund industry’s...
View ArticleTop hedge fund boss picks return of bull market
New Zealand Herald – The modest recovery staged by world stock markets in recent weeks may mark the beginning of a new bull market for equities, one of the UK’s best-known hedge fund managers said...
View ArticleFund Manager Pleads Guilty in New York Pension Probe
Bloomberg – Barrett Wissman, a Dallas hedge fund manager, pleaded guilty to securities fraud as part of an investigation of corruption at New York’s $122 billion pension fund, state officials said....
View ArticleHedge fund regulation to capture listed fund sector
Citywire.co.uk – European regulation intended to introduce some controls on hedge funds will inadvertently capture almost all investment trusts. Draft rules released by the European Commission define...
View ArticleChrysler Opponents Unmasked
BusinessWeek – The list of dissidents is much smaller than the original 20 or so hedge funds that veoted a pre-bankruptcy deal to reduce Chrysler’s outstanding secured debt. The list of hedge funds...
View ArticleProactive Preparations For Hedge Fund Regulation
West Palm Beach (HedgeCo.net) – In a white paper which was presented to high-level asset managers in New York by FinServ Consulting, ‘Preparing for Alternative Asset Management Regulation’, it is said...
View ArticleLipper: UK Hedge Funds led by Emerging Markets
West Palm Beach (HedgeCo.net) – UK-domiciled funds had a strong week to Friday May 8, led by global emerging markets products, according to data from Thomson Reuters research firm Lipper. Asia Pacific...
View ArticleSatellite Asset Management shutting down
Reuters India – Satellite Asset Management LP, a $2.8 billion (1.84 billion pounds) hedge fund founded by former employees of billionaire George Soros, is closing down because of client withdrawals,...
View ArticleEx-Soros protégées said to be winding down hedge fund
Wealth Bulletin – Satellite Asset Management, a $2.8bn (€2.1bn) hedge fund established by former employees of billionaire George Soros, is winding down due to investor redemptions, Bloomberg said on...
View ArticleMENA Equity Fund Launch
West Palm Beach (HedgeCo.net) – Hedge fund manager, Majid Al Futtaim Asset Management, is launching its first Middle East and North Africa (MENA) equity fund, the Luxembourg domiciled ‘Elite MENA...
View ArticleHedge fund firm ISAM hires ex-RAB director Barker
Reuters – International Standard Asset Management, the hedge fund firm headed by former Man Group chief executive Stanley Fink, has hired former RAB Capital director Rod Barker to help build the...
View ArticleEU laws seen driving hedge funds from UK
Reuters UK – Some hedge funds will leave the UK if draft new European law is not changed, said one manager present at a meeting this week with the Treasury, in which the industry expressed grave doubts...
View ArticleBramdean names Petersfield AM as bidder
Reuters – UK asset manager Bramdean Alternatives named Petersfield Asset Management Limited on Tuesday, as the bidder to rival the proposal by property tycoon Vincent Tchenguiz’s investment vehicle,...
View ArticleHK’s SAIL Advisors to manage three ING fund of hedge funds
SAIL Advisors, a Hong Kong-based fund of hedge funds operator, said on Monday it will take over the management of three ING (ING.AS) funds in a move that will see a senior ING executive join the Hong...
View Article
