163 articles found within the last year.
Displaying results 41 - 60
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Hedge funds suffer management fee blues
Less than a fifth of all hedge funds ... Only 13% of funds set-up this year have ... This is a large drop on the figure ... The average fixed management fee being charged by ... The research, published by Morgan Stanley on Friday, ... This fact supported a finding last month, made...
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Stellar year fails to halt hedge fund fee slide
Hedge funds have enjoyed their best year-to-date returns ... The hedge fund industry returned 12% to investors ... Hedge funds will only be able to start ... The $1.4 trillion (€975bn) industry suffered its worst ... Kevin Burrows, senior investment analyst at investor Nedgroup...
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GLG reports 27% rise in assets for 2009
Hedge fund GLG Partners, which was hit this ... The rise in assets at the New York-listed ... Its hedge funds are up 13.3% this year, ... On fund performance, chairman Noam Gottesman said: "We ... GLG's assets rose 36% in the second quarter, ... But GLG's assets are off 19% from this...
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Goldman had 46 $100m days in second quarter
Goldman Sachs said it made $100m (€69m) in ... The New York-based investment bank said in a ... Goldman reported last month that second-quarter profit surpassed ... Trading and principal investments drove the firm's overall ... The company also said in the filing that ... A spokesman for Goldman Sachs declined to comment...
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London seeder commits up to $60m to credit manager
The seeding arm of Financial Risk Management, a ... FRM Capital Advisors is using money from its ... Although FCA has been relatively active in backing ... In the second half of last year, researchers ... The climate for start-ups did not improve in ... Patric de Gentile Williams, FCA's chief operating officer,...
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Och-Ziff 2Q loss widens on charges despite positive fund performance
Och-Ziff Capital Management's second-quarter loss widened on charges ... Unlike many other hedge funds, Och-Ziff uses very ... Och-Ziff is one money manager that hasn't limited ... Och went on to say the company continued ... Chief financial officer Joel Frank told Dow Jones...
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The blogs: Cuomo's bonus report
New York State Attorney General Andrew Cuomo's report ... The six banks highlighted in the Cuomo report ... Below are a selection of reactions from around ... "Banks that are still sitting on their Tarp ... "They can use the Treasuries for repo collateral, ... • WSJ Deal Journal, http://bit.ly/ACeFM...
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Hedge funds face life without 'two and 20'
The 60-year old fee structure used by the ... The industry’s standard “two and 20” fee model ... A 1970 article in Fortune magazine noted: "The ... However, only seven out of 10 hedge funds ... Preqin found that as large investors apply pressure ... Preqin said: "Fees are now being driven down...
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Trustee sues Ruth Madoff for more than $44m
The court appointed official in charge of recovering ... Irving Picard, the court appointed trustee, yesterday sued ... "For decades, Mrs Madoff lived a life of ... "Regardless of whether or not Mrs. Madoff knew ... Picard has now filed about a dozen lawsuits ... Although Mrs Madoff has been the focus of...
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Investors doubtful of IPO revival in Europe this year
Three-quarters of institutional investors are not expecting a ... The survey, carried out by UK-based investment bank ... The findings are based on a survey of ... European initial public offerings have a tendency to ... Shares in China State Construction Engineering Corporation shares...
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Evercore profits take hit on hiring costs
US advisory boutique Evercore Partners reported a more ... Evercore Partner's adjusted pro forma net revenues for ... Net profit for the quarter was $3.6m, with ... In May, it emerged that Schlosstein had been ... Schlosstein said of the results: "The results for ... He added that the cost of hiring new...
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US advisers pull back from alternative ETFs
The US wealth management arm of UBS has ... UBS said in a statement yesterday that it ... Ameriprise Financial has also told its advisers to ... Other financial advisers in the US, including LPL ... The news comes after the Financial Industry Regulatory ... Two weeks ago Massachusetts' secretary of state William...
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Julius Baer spin-off to be first fund flotation in 18 months
Julius Baer Holding is pushing forward with its ... Artio had $47.6bn (€33bn) under management as of ... The size of the listing was not disclosed ... It will be the first public flotation of ... Sarah Spikes, an analyst at Arden, said: "There ... Artio's principals, Richard Pell and Rudolph-Riad Younes, also...
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Bank of New York Mellon profit falls 43%
Bank of New York Mellon reported on Wednesday ... While Bank of New York Mellon managed to ... The asset manager and securities adviser reported earnings ... Excluding items, earnings fell to 57 cents from ... Assets under management fell 17% amid the stock-market ... Meanwhile, the company's credit-loss provisions more than quadrupled...
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Investors continue to flee improving hedge funds
Investors are still pulling money out of hedge ... Assets managed by hedge funds grew by $100bn ... Positive returns helped to offset the outflows to ... None of the main fund investment strategies took ... Nearly three quarters of all hedge funds were ... Overall, withdrawals were more than outweighed by the...
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Little sympathy for Madoff in new hometown
What will Bernard Madoff's new life be like ... Pipkin, 49 years old, runs the Trading Post ... "They're talking about all these bailouts, but my ... Dan Fisher, a 78-year-old retiree, is offended that ... A rumour floating around the pawn shop, and ... Prison officials wouldn't comment on Madoff. But he...
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US hedge fund enlists owner's rival as broker
FrontPoint Partners, a US hedge fund bought by ... The Greenwich, Connecticut based group, which was founded ... FrontPoint's move is boost for the Swiss bank, ... One investment consultant said: "Hedge funds have become ... A source close to the US bank said ... The source added that Morgan Stanley was prime...
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Public hedge fund managers differ on reporting fund performance
If you held public stock in a company ... But the positions of the three public US ... Since going public, Och-Ziff Capital Management Group has ... Fortress Investment Group has begun to report quarterly ... Then there's Blackstone Group, which got a similar ... According to filings, 49% of Blackstone's assets under...
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Fortress clashes on both sides of talks
Fortress Investment Group LLC is deep in discussions ... New York-based Fortress, a private-equity and hedge-fund firm ... But the people involved in the discussions say ... That conflict essentially pits Fortress clients against each ... A Fortress spokeswoman declined to comment. A person...
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UBS eyes outsider to run broker unit
UBS, looking to strengthen its US wealth management ... The talks are part of a wider reckoning ... UBS chief executive Oswald Grubel and other executives ... Company executives haven't decided whether to bring in ... Hoekstra "continues to run our successful wealth management...
