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Boggess Named New Hedge Fund Director for Bank of America
Source:
BankNet360
Bank of America Corp. has named Spencer Boggess the new director
of hedge fund investments.
Boggess will oversee performance reporting, research, standards
review and database and portfolio management for all hedge funds
under the bank’s Global Wealth and Investment Management
Alternative Investments group.
More...
Harry Potter meets hedge funds
Source:
FT Alphaville
The world of hedge fund replication has in the past left us a
little flummoxed. But having ploughed through the seventh
instalment of Harry Potter on the day of its release, we’re
pretty darn confident we can take on all comers when it comes to
analysing the adventures of the boy wizard.
More...
Hedge
fund woes may tell on realty issues
Source: The Hindustan Times
India’s real estate housing markets are focused locally and to
that extent there should be no worries about the US sub-prime
credit fears affecting other markets, but many global hedge
funds are facing redemption pressures on account of their
sub-prime market woes and that may turn adverse for real estate
companies that want to raise equity capital from the markets. More...
Steel Partners presses on with Bull-Dog bid
Source:
Yahoo! Singapore News
U.S. hedge fund Steel Partners pushed ahead with its $260
million bid for Bull-Dog Sauce Co. , recasting its offer to try
to by-pass a 'poison pill' defence and raise its stake in the
Japanese sauce maker.
More...
Wealth Zone as a hedge fund in the market
Source:
Business Day
Promoters of Wealth Zone, a management fund, with an agenda to
deepen the capital market last week unfolded an ambitious plan
to emerge as the first Hedge Fund in the Nigerian market.
More...
Ex-Amaranth Trader Says New Firm Is ‘On the Brink’
Source:
The New York Times
Brian Hunter, whose ill-fated energy trades helped to bring down
Amaranth Advisors, has offered a dire warning about his latest
hedge-fund venture. Citing scrutiny from regulators, he said in
court filings that the firm, called Solengo Capital Advisors,
could flame out before it even gets up and running. More...
Hedge-fund investors can get out during the lock-up period, but
should they?
Source:
MarketWatch
If you invest in a hedge fund, you are usually subject to what
is known as a lock-up period; it's a certain amount of time -- a
year, two, or even 10 -- when you are barred from liquidating
your money.
More...
Paulson Hedge Fund Profits; Goldman Fund Falls 16% (Update2)
Source:
Bloomberg
Paulson & Co., the New York-based hedge-fund manager
whose assets more than doubled this year to $20 billion, is
posting among the industry's highest returns by wagering that
declines in subprime mortgages are far from over. More...
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