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Catering to Billionaires: Hedge Fund Cash Fuels Greenwich Retail
Boom
Source:
WWD.com
This wealthy New York City suburb of 62,000 where hedge funds
reign is becoming a mecca of fashion retailing.
More...
Hedge fund managers short on decent shorts
Source:
Citywire
Advisers considering a move into hedge funds should be aware
that the bull market may have masked managers’ inability to
short stocks successfully.
UK manager Andrew Kelly from Cartesian, who runs long only and
hedge assets and is soon to set-up a 130/30 fund, said that
investors have been lulled into a false sense of security about
hedge funds by the bull market.
More...
Investor Prods Midwest Air
Source: The Wall Street Journal
A hedge fund that is the largest shareholder of Midwest Air
Group Inc. urged the airline's management to "immediately
engage" with AirTran Holdings Inc., which is trying to buy
Midwest, saying Midwest's "failure to negotiate ... is a serious
breach of fiduciary responsibility." More...
Brokers adapt to generate trading ideas for hedge funds
Source:
AsianInvestor.net
Six years ago, nobody had even thought of inventing a research
function that gave trading ideas to hedge funds. Since then,
with hedge funds providing ever greater commissions, brokerages
have cottoned on to the idea of having research analysts who
think up inspired deal ideas for hedgies.
More...
Legg Mason Profit Rises 22% as Hedge-Fund Fees Triple (Update3)
Source:
Bloomberg
Legg Mason Inc., home of money manager Bill Miller, said fiscal
first-quarter profit rose 22 percent as fees from hedge-fund
unit Permal Group more than tripled.
More...
Bear hedge fund losses to hit index next month
Source:
MarketWatch
Big losses disclosed last week by hedge funds run by Bear
Stearns are now working their way through industry indexes, but
in different ways and at different speeds. More...
Hedge funds to pump more cash into energy: Mitsui
Source:
Reuters
Hedge funds looking to allocate more cash to oil markets are a
growing customer base for energy trading firms offering risk
management in Asia such as Mitsui & Co (8031.T: Quote, Profile,
Research), a company executive said on Monday.
More...
U.S. hedge fund demands records from Lancaster
Source:
Reuters
The largest outside shareholder in Lancaster Colony Corp.
(LANC.O: Quote, Profile , Research) stepped up pressure on the
consumer products maker, demanding it hand over copies of
certain books and records, according to a regulatory filing on
Monday. More...
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