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Armajaro Gears Up To Launch Commodities Hedge Fund
Source:
FINalternatives
U.K.-based Armajaro Asset Management is slated to launch its
second commodities hedge fund October and anticipates to hard
close when it reaches US$500 million.
More...
Aussie hedge funds down in June
Source:
The Australian
THE full extent of problems in two of Australian hedge fund
operator Basis Capital's funds caused by investment in
Collateralised Debt Obligations (CEDs) is now emerging, with the
news that the funds fell in value by an average of more than 10
per cent in June alone.
More...
Citigroup, Lehman receive
I.R.S. requests: WSJ
Source:
Reuters
Canada
U.S. tax authorities are seeking information from two U.S. banks
to determine whether complex derivatives trades they undertook
for clients, including hedge funds, were designed primarily to
avoid taxes, the Wall Street Journal reported in its online
edition on Thursday. More...
Hedge fund admin business due a shake-up, says Aite
Source: ICFA Online
The commoditisation of core services and the emergence of a
clutch of new independent players could be a catalyst for change
in the hedge fund administration business, according to a new
report by Aite.
More...
Hedge Fund Pioneer to Sell Montana Home at Auction
Source:
BusinessWire
Lewis Robinson, co-founder of the nation’s first publicly held
securities firm to be admitted to the New York and American
Stock Exchanges, is preparing to auction his home adjacent
Yellowstone National Park in Montana - complete with its own
guest house and helicopter pad.
More...
WRAPUP 1-Hedge fund listings hit by subprime woes
Source:
Reuters UK
Stock market disquiet caused by the U.S. subprime mortgage
crisis has hit flotations in the booming hedge fund sector, as
offerings from Britain's Man Group (EMG.L: Quote, Profile ,
Research) and U.S. firm Third Point raised less than targeted.
Man Group, the world's largest listed hedge fund firm, said on
Thursday the initial public offering (IPO) of its U.S. broking
arm MF Global priced at $30 a share, well below an indicative
price range of $36 to $39, raising a lower-than-expected $2.9
billion. More...
Hedge index revises its numbers
Source:
InvestmentNews
The recent fall out in the market for subprime mortgages caused
one prominent hedge fund index last week to revise some of its
performance returns.
On Monday, the Credit Suisse/Tremont Hedge Index reported that
its hedge fund index for fixed-income arbitrage was up 0.21% for
June and 3.7% for the year-to-date.
More...
Bear will ride out hedge fund woes, analysts say
Source:
MarketWatch
Bear Stearns' reputation has been dented by the collapse
of two of its hedge funds, but the investment bank probably
won't take a large financial hit and likely will recover from
the affair, analysts and other experts said on Wednesday. More...
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