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Betting on the billionaires
Source: The Financial Post
Is the smart money getting out of private equity? Some of it is.
Just as the biggest equity players are snapping up such
brand-name companies as Hilton Hotels Corp. and Four Seasons
Hotels Inc., they are also cashing out with initial public
offerings. If the trend continues, investors might soon find
themselves increasingly investing in companies that manage a
conglomerate of firms rather than tracking individual
corporations.
More...
Dubai Releases Draft Hedge
Fund Code
Source:
FINalternatives
The Dubai Financial Services Authority, which regulates all
banking and asset management at the Dubai International
Financial Center, on Tuesday issued a draft hedge fund code and
is seeking public comment.
More...
Finance group scraps float after legal action by collapsed US
hedge fund
Source: Times Online
The £52 million flotation in London of a private equity-backed
financial services group was pulled last night after a collapsed
American hedge fund took legal action, blaming the firm for its
spectacular downfall. More...
German shares lower at afternoon on strong euro, rumours of
hedge funds exiting
Source:
Forbes
German shares were lower in afternoon trade as dealers pointed
to adverse effects from a strong euro and rumours of hedge funds
pulling out of the market to protect earnings putting pressure
on the market.
More...
Hedge Fund Fees Show Signs of Heading South
Source:
SeekingAlpha
Some said it was bound to happen. P&I now reports that hedge
fund fees are heading down - at least for funds of funds (but
only for hard-bargaining institutional investors). It may not be
the wholesale revolt than many have been expecting, but the
evidence is apparently mounting. Says P&I:
More...
New Star to launch property hedge fund
Source:
Reuters UK
New Star Asset Management said on Wednesday it was planning to
launch a property securities hedge fund in the last quarter of
2007 with a capacity to short as well as buy the market. More...
Hedge Funds Mystify Markets, Regulators
Source:
The Washington Post
Wall Street chroniclers one day could look back at the early
21st century and easily dub it the Era of the Hedge Fund. The
question is whether it will be remembered as an age of reason or
irrational exuberance.
More...
Revealed: Martin Hughes, the £50m hedge fund king
Source:
The Business
MARTIN Hughes, the activist hedge fund manager who was
the first to demand radical changes to Dutch bank ABN Amro’s
strategy, was paid well over £50m (E74m, $100m) last year
through a complex web of connected financial institutions, The
Business can reveal. More...
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