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At least 190 hedge funds operating in S'pore, up 76% from 2006
Source: Channelnewsasia.com
Industry observers said the number of new hedge funds in
Singapore has reached an unprecedented high.
The Monetary Authority of Singapore (MAS) estimated at least 190
hedge funds are in operation here - a 76 percent jump from the
previous year.
More...
Cartesian criticises long/short managers
Source:
Investment Week
Cartesian manager Andrew Kelly has accused hedge fund managers
of focusing almost exclusively on their long book and struggling
to generate alpha in flat or falling markets.
More...
Hedge funds find the golden lining to subprime cloud
Source: FT
Alphaville
While some headlines (including one or two in the FT) suggest
there aren’t many upsides to the subprime lending turmoil for
investors, the recent wave of subprime-linked debacles - the
implosion of two Bear Stearns hedge funds; the winding up of a
London-listed fund after big subprime losses; and the suspension
of redemptions at a Florida fund invested in the sector - has
produced some real winners. More...
June Is Lucky Number 12 For Hedge Funds
Source:
FINalternatives
Hedge funds made it 12 months in a row in positive ground with a
0.9% advance in June, the Barclay Group said today. Over that
period, hedge funds have added 14.4%.
More...
US$300 mln Abax hedge fund kicks off in Hong Kong
Source:
China Knowledge
Abax Global Capital, one of Asia's most anticipated hedge fund
start-ups, opened in Hong Kong with about US$300 million
(HK$2.34 billion) in assets under management. Sources from the
Financial Times deemed the hedge fund to be the first
independent Asian fund exceeding US$1 billion in assets.
More...
Wuffli's Exit Is Lesson for Banks, Hedge Funds: Matthew Lynn
Source:
Bloomberg
There's still some mystery about Peter Wuffli's removal as chief
executive officer of UBS AG. To listen to the company, there was
some mild disagreement about how to rearrange the chairs in the
boardroom. More plausibly, it was the $300 million the bank will
have to pay to close down its U.S. hedge-fund unit. More...
Hedge fund invests in Noodles
Source:
The Denver Business Journal
The giant hedge fund Och-Ziff Capital Management Group has
purchased a minority stake in the Noodles & Company restaurant
chain.
The Broomfield-based restaurateur said Tuesday the deal was part
of a recapitalization of the business to fund future expansion.
Privately held Noodles didn't disclose the size of Och-Ziff's
investment.
More...
Scott Prince invests in
startup funds
Source:
FinancialNews-US.com
Former Goldman Sachs equities star Scott Prince and
ex-Merrill Lynch high yield expert Evan Wein have joined a firm
that provides young hedge funds with capital as investment funds
rush to raise money. More...
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