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Hedge Fund TCI Raises Chinese Estates Stake to 8.37% (Update1)
Source: Bloomberg
Children's Investment Fund Management Ltd., a London-based hedge
fund, increased its stake in Hong Kong's Chinese Estates
Holdings Ltd. to 8.37 percent from 7.86 percent, according to
regulatory filings.
More...
Hedge funds staying short
Source:
The Globe and Mail
Large hedge funds continue to be significant net short sellers
of equities, increasing their positions last week in the S&P
500, as well as being marginally short in the Nasdaq, according
to the latest readings from Merrill Lynch.
More...
Short-Biased, Telecom Hedge Funds Shine In June
Source: FINalternatives
For all the doom-and-gloom headlines about declining equities
markets and hedge funds burned by the growing sub-prime debacle,
hedge funds did quite well in June. The Hennessee Hedge Fund
Index rose 0.88% and is up 8.71% year-to-date, the Hennessee
Group said today. More...
Thames River launches European hedge fund
Source:
Citywire
Thames River Capital has launched a hedge fund that will carry
the same portfolio as the existing Kingsway fund but with double
the gearing.
The Kingsway Plus fund will launch with assets of €37.7 million
(£25.3 million).
More...
UBS Accused of 'Running Hedge Fund Hotel' After Offering
Half-Priced Snacks Hedge fund executive wants Block to return to
tax-preparation roots
Source:
KansasCity.com
Richard Breeden has a message for H&R Block Inc. shareholders:
Elect his slate of directors and they’ll work to return the
company to its tax-preparation roots.
In a preliminary prospectus filed with the Securities and
Exchange Commission, the hedge fund executive described Block’s
late 1990s expansion into a variety of financial-service
business as ill-conceived and ineffectively executed.
More...
Hedge Fund Focuses on Advanced Medical
Source:
Barron's Online
OVER THE PAST 12 MONTHS, Advanced Medical Optics has been
blindsided by slower-than-expected sales and a massive recall of
one of its top products. Hedge fund ValueAct Capital Partners,
however, still sees plenty of upside in the optometric
health-technology company. More...
Hedge funds gain 1.11% in June: report
Source:
MarketWatch
Hedge funds returned 1.11% on average in June as managers
focused on emerging markets continued to generate strong gains,
according to estimates from industry performance tracking firm
Hedge Fund Research.
More...
Hedge funds pull Manhattan
rents to $200/sq ft
Source:
Reuters
In New York, hedge funds are the office landlord's best
friend.
While hedge funds are not numerous compared with the overall
Manhattan tenancy, their influence on rental rates has been
breathtaking, several brokers said. More...
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