|
A Hedge Fund For Kitchen Sinks?
Source: FN Arena
From the country that would 'appily sell you anyfing you wanted
out the back of a van comes the latest trend "exotic" hedge
funds. It would seem that to be a "hedge" fund these days one
need only incorporate offshore and then charge a 2% management
fee with a 20% performance fee. What the "hedge" fund might
invest in after that is purely open slather. There need be
little hedging going on.
More...
Brighton House Associates Launches BHA SalesDeskTM
Source:
BusinessWire
Brighton House Associates, LLC (BHA) today launched Brighton
House Associates SalesDesk™, on-demand Web-based software that
enables hedge fund managers and marketers to dramatically
increase the productivity of their sales efforts and raise money
from targeted investors faster than ever before. The solution,
available immediately, is sold directly to customers and is in
use by hedge funds, broker/dealers, funds-of-funds, as well as
by industry service providers.
More...
Concentration Proves Winner At Hedge Fund
Source: The
Wall Street
Journal
Tim Barakett is an old-school hedge-fund manager on a tear.
The 41-year-old Mr. Barakett runs Atticus Capital LP, a $15.5
billion New York firm. He makes big, concentrated bets, doesn't
care how volatile his performance is and dismisses the notion of
cashing in through an initial public offering, like some other
hedge funds are doing. More...
Lance Babbit Joins Credit Suisse’s Multi-Manager Portfolios team
in Asset Management
Source:
BusinessWire
Credit Suisse recently announced the appointment of Lance Babbit
as a Director and a Senior Portfolio Manager in the
Multi-Manager Portfolios (MMP) business within Alternative
Investments.
More...
Hedge funds beat indexes in 1st quarter
Source:
Pensions & Investments
Hedge fund performance in the first quarter was positive,
beating most of the major market indexes, with average fund
performance of 2.1%, according to data from Morningstar Inc.
More...
Hedge funds develop eye for art
Source:
FT Alphaville
An art hedge fund has raised £10m and hopes to secure £25m by
the time it launches this summer, highlighting soaring interest
in exotic investments, the FT reported on the weekend. The Art
Trading Fund is thought to be only the second launch of a hedge
fund manager investing in art and the first to attempt to hedge
its investments against a fall in the market, using derivatives.
The launch of the fund, structured as a Guernsey-listed
closed-end company, comes as some hedge funds are beginning to
invest in art and wine as part of their search for returns not
linked to stock and bond markets. More...
Hedge funds' enormous profits tempt Congress in several ways
Source:
Delaware Online
With Congress looking for new ways to boost tax receipts and
protect voting investors, it's natural for hedge fund managers
to worry that they have a bull's-eye on their chests.
That helps explain a recent surge in the hiring of lobbyists and
stepped-up contributions to political action committees by
managers in the hedge fund industry. More...
Hedge funds plan low-level
bid for EMI
Source:
Scotsman.com
Two hedge funds are planning a bid for music group EMI Group at
a level below a 260 pence per share indicative offer that Warner
Music made in March and which was rejected, the Sunday Telegraph
said on Sunday.
More...
Today's Stories unabridged on the
web
|
