134 articles found within the last year.
Displaying results 21 - 40
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Comment: Bank robbers! Fraudsters! Liars?
Things are looking grim for the hedge fund ... Managers' desire to tap the retail market is ... But the public is sceptical about hedge funds. ... 1 - "One in five hedge fund managers ... Today's headline in the Financial Times refers to ... The finding may not be as bad as...
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UBP hires heavyweight to lead business integration
Swiss private bank Union Bancaire Privée has hired ... Wohanka, who left Fortis Investments as chief executive ... Wohanka will take charge of UBP's the combined ... A spokesman for UBP said: "We reorganised because ... Wohanka will personally lead the alternative investment unit,...
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Hedge fund returns reach 21% this year
Hedge fund managers have generated record returns ... US data provider Hennessee Group said its hedge ... It also beat the return on bonds, with ... Lee Hennessee, managing principal of Hennessee Group, said: ... Charles Gradante, co-founder of Hennessee, said: “Hedge fund...
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Gottex allows investors to claw back fees
A Swiss fund of hedge funds manager is ... Investors in the flagship fund of Gottex Fund ... Max Gottschalk, head of European business for the ... He said: “You need the manager to be ... Hermes BPK Partners is also introducing a vesting ... Matteo Perruccio, Hermes’ chief executive, said targeting long-term...
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Russia seeks arrest of Hermitage co-founder
Russian hedge fund Hermitage Capital has vowed to ... Russia's Ministry of Interior this morning said it ... A spokesman for Hermitage confirmed the charges and ... Hermitage has posted its explanation of the complex ... Browder told Financial News last November that his ... He said it began when he was unexpectedly...
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Hedge fund legend Simons will retire
James Simons, who has led one of the ... In an afternoon meeting on Thursday at his ... "I have led the organisation and its predecessor ... Co-presidents Peter Brown and Robert Mercer will be ... They are taking over one of the biggest, ... Renaissance's Medallion Fund has been one of the...
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Aima calls for industry-wide registration
Hedge fund managers across the board are willing ... Aima, which represents the industry globally, said hedge ... "Any entity which acts as an alternative investment ... Aima made its remarks in a just-published position ... This stance contrasts the position set out in...
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Absolute return fund goes through four stages
Guillaume Rambourg, Capella’s co-manager, said European shares, and ... January 31 to March 6 ... Rambourg said: “It was pretty much the end ... March 6 to May 8 ... At the outset, managers had “a long list ... May 8 to July 10 ... Defensive holdings such as GlaxoSmithKline, Nestlé and Novartis...
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Man Group's assets grow as redemptions slow
Man Group said on Wednesday that its assets ... Funds under management now stand at around $43.8bn ... The hedge-fund group also said it expects pre-tax ... Although institutions cut the amount of money they ... Hedge funds have generally reversed course in 2009 ... "Investor sentiment is continuing to improve across the...
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Credit crunch marks the end for 1,500 hedge funds
Large hedge funds closing down might steal the ... Between mid-2007 and the end of June, 1,509 ... The last quarter of 2008 and first quarter ... Long/short equity hedge funds were by far the ... Managed futures funds, which are computer-driven, and multistrategy ... Data provider Hedge Fund Research said 292 funds...
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Activist woes hit Atticus UK revenues
Revenues at the UK arm of activist investor ... Atticus UK LLP reported a 65% fall in ... After administrative costs were deducted from the total, ... The results cover a period that was particularly ... Notable campaign losses were chalked up by prominent ... In a rare and highly-public victory for the...
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Hedgie claims 'lazy' London needs a rethink
A hedge fund manager who relocated from London ... Karsten Schroeder said London remains a key financial ... However, he said: "At the start of last ... The answer was 'no' and by December, Amplitude, ... Financial News reported in February that at least ... Higher rates for personal tax in the UK,...
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Safety comes at a cost for managed account users
Hedge fund investors that use bespoke trading accounts ... Managed accounts are established by and for individual ... Managers cannot access cash in these bespoke accounts ... Man Group, Union Bancaire Privee and Gottex Fund ... Deepak Gurnani, head of hedge funds at Investcorp,...
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JP Morgan chases hedge funds with new custody-plus unit
JP Morgan has become the latest large bank ... The US bank is combining the prime brokerage ... Devon George-Eghdami, managing director and head of the ... She said this pairing would offer both the ... Other banks have also been merging these businesses. ... Hedge funds have become attracted to this dual...
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Larger managers’ assets clipped by financial storm
The storm of investment losses and redemptions that ... One year ago, investors’ predilection for large managers ... Marshall Wace Asset Management, with portfolios focused on ... One investor said: “Large funds did not necessarily ... Global macro manager Brevan Howard Asset Management was...
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Despite warnings on Madoff, no thorough SEC probe done
The watchdog of the US Securities and Exchange ... SEC inspector general David Kotz said SEC staff ... However, he found no evidence that the SEC ... SEC chairman Mary Schapiro said in a statement ... She added that the SEC would release the ... Madoff confessed his multi-billion-dollar scheme to authorities in...
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News analysis: Four men in a note-trading venture
It may be better than a garage, the ... The days of tiny hedge fund start-ups are ... This is far more than the amount Alcantara ... But having received authorisation from the Financial Services ... The firm comprises just the two founders and ... Fate and circumstance played a hand in the...
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Investors pull $200bn from funds of funds
The roster of Europe’s largest funds of hedge ... The 50 largest funds of hedge funds lost ... This period encompassed both the sharpest end of ... Of Europe’s 10 largest managers, only two have ... Schwarzman expects further growth, particularly from pension funds. ... Elsewhere, the reading was grim. UBS’ Alternative and...
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Absolute return funds fall short of their name
Absolute return funds are failing to live up ... Statistics published by data providers Eurekahedge yesterday found ... Absolute return funds are typically long only, although ... Hedge funds, which grant themselves far greater investment ... John Jagerson, an analyst at US investment research...
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Investcorp hedge funds assets halve in loss-making year
Bahrain-based Investcorp has become the latest private equity ... Investcorp’s hedge fund assets halved in value from ... The group said the fall in the value ... Investcorp was one of the early private equity ... Other private equity firms such as the Carlyle ... The assets managed by Investcorp’s private equity business,...
