All Comments
Comment: More consolidation and start-ups in hedge fund administration
Thu, 04 September 2008
Consolidation in the hedge funds administration industry has been picking up pace in the last two years. And even though it has somewhat slowed in the last few months to keep pace with global market conditions, there are signs of further consolidation in the pipeline. 
Comment: Young guns go for it
Wed, 03 September 2008
Hedge fund followers - keep your eyes on the following young people in the near future. After all, it is these youths that will determine the future direction of financial markets.
Comment: Atticus Capital wraps Deutsche Börse stake
Tue, 02 September 2008
According to a media report, Atticus Capital, one of New York's most powerful activist hedge fund the largest investor in Deutsche Börse, has put its entire stake in the German exchange into a special limited vehicle to block redemptions by clients and boost its negotiating strength with management.
Comment: Hedge funds bullish on Petrobras, Potash
Mon, 01 September 2008
Popular equity investments among hedge funds focus on various sectors. But of late, Petroleo Brasileiro (Petrobras), Brazil's state-controlled oil company, and Potash Corp of Saskatchewan, the world's largest producer of the crop nutrient, were added to Goldman Sachs VIP list of the most popular stocks among hedge fund managers, according to media reports.
Harbinger attracted by media
Thu, 28 August 2008
Of late, Harbinger Capital Partners, the New York based hedge fund, has been gradually showing its attraction to media companies. In the past several days the fund, which, along with Firebrand Investments, already holds roughly a 20 percent stake in the New York Times Co, added economic exposure to 1.9 million NY Times shares in August through share purchases and a series of equity swaps, according to filings with the Securities and Exchange...
Biden and the hedge fund
Wed, 27 August 2008
The political games have begun. Just a day after Barack Obama named Senator Joseph R. Biden Jr. of Delaware as his vice presidential running mate, media reports are tying members of his family to an alleged hedge fund fraud scheme.
Hedge funds' power play yields dividends
Tue, 26 August 2008
The ongoing market volatility has copper-fastened the hedge funds' outlook towards power and energy stocks, which seems to be in the positive. According to weekend media reports, hedge funds are buying into power supplier Scottish & Southern Energy (SSE) in hopes of a bid for the company.
Regulatory paranoia means hedge fund claustrophobia
Mon, 25 August 2008
Wasn't it Elvis Presley who sang, "We can't go on together with suspicious minds?" Perhaps management at the US Securities and Exchange Commission (SEC) would do well to listen to these lyrics again. Because in this new era of financial turbulence, it seems that regulators are taking on a tyrannical approach to policing financial companies, especially hedge funds.
Hedgeweek Comment: Private equity and hedge funds could make beeline for BAA
Thu, 21 August 2008
The UK's biggest airport operator BAA may have to sell three of its seven airports in its home market (it also owns the airport at Naples in Italy) because of concerns about its market dominance, following a report from the country's Competition Commission.
Hedgeweek Comment: Ex-Amaranth trader rakes in the money
Wed, 20 August 2008
Apparently unscarred by the Amaranth Advisors fiasco, the trader whose natural gas trades triggered the collapse of the Connecticut hedge fund manager nearly two years ago is back in business. A commodity hedge fund advised by Brian Hunter surged in July as energy, metals and agricultural prices suffered their largest fall in nearly three decades.
Hedgeweek Comment: Banks tighten lending grip on hedge funds
Tue, 19 August 2008
Investment banks are implementing tough internal rules, perhaps in a very practical way, to streamline the way they lend to hedge funds. Morgan Stanley and Goldman Sachs are among the institutions that are reported to have changed the way they assess lending to hedge funds by linking it to the market's assessment of their own creditworthiness.
Hedgeweek Comment: Soros is buying
Mon, 18 August 2008
Global investor and philanthropist George Soros is back doing what he does best - making a fortune by exploiting financial turmoil. According to a regulatory filing last week, Soros Fund Management raised its stake in Lehman Brothers from 10,000 shares in March to 9.47 million common shares, representing 1.36 per cent of the total outstanding, at the end of June.
Hedgeweek Comment: Pru drafts in hedge fund experience
Thu, 14 August 2008
UK insurer Prudential has appointed Harvey McGrath, former head of the listed hedge fund manager Man Group, as chairman in succession to Sir David Clementi, a former deputy governor of the Bank of England. The 56-year-old McGrath will join the Prudential board as a non-executive director on September 1 on a salary of GBP500,000 a year before taking the chair at the beginning of next year.
Hedgeweek Comment: Money talks
Wed, 13 August 2008
After the saga of Greg Coffey and GLG Partners, it is now the turn of US hedge fund manager Fortress Investment Group, which has lavished a USD300m share grant - thought to be at least one of the largest retainers of all time - on one of its star traders, 38-year-old Adam Levinson, in an effort to persuade him to stay with the company.
Hedgeweek Comment: Follow the leader
Tue, 12 August 2008
"If hedge funds are interested, so are we." This seems to be the new mantra for investors looking for a bit of respite from the volatility in the equity markets over the past few months. Even experienced investors, whether individuals or institutions, have seemed dumbfounded as tried and tested strategies take a dive.
Hedgeweek Comment: Less talk, more action
Mon, 11 August 2008
The collapse of a few hedge funds lately as a result of poor operational practices or even fraud has rekindled talk about best industry standards and self-policing among hedge funds and their industry bodies.
Hedgeweek Comment: Hedge funds help Blackstone offset earnings decline
Thu, 07 August 2008
Hedge funds seem to have been less affected by the credit crunch than most, and a quick analysis of Blackstone Group's latest results adds strength to that argument. Blackstone, best known as a private equity manager, saw second-quarter earnings declined from a year earlier but managed to beat Wall Street expectations, as gains from its hedge funds business offset a decline in private equity revenues.
Hedgeweek Comment: Global needs drive fund services consolidation trend
Wed, 06 August 2008
Two Bermuda-based fund administrators, Fulcrum Group and Butterfield Fund Services, have announced plans to merge their businesses under the majority ownership of private equity group 3i.
Hedgeweek Comment: Could hedge funds stay on the road with Daimler?
Tue, 05 August 2008
Last weekend German news magazine Focus reported that Daimler, the maker of Mercedes Benz cars, could be the target of a hedge fund bid after banks had supposedly informed the company that a fund has started to buy stock.
Hedgeweek Comment: Bank assets lure hedge funds
Mon, 04 August 2008
Falling share prices and increasing desperation on the part of banks and other financial institutions to unload distressed assets are attracting hedge funds more than ever. For example, UK-based hedge fund manager Toscafund Asset Management has amassed a 6 per cent stake in Seattle-based Washington Mutual, the largest US mortgage bank.
