|
Fed's Bernanke says no 'ad hoc rules' for derivatives, hedge
funds
Source: Forbes
Financial regulators should resist the temptation to devise ad
hoc rules for credit derivatives or hedge funds, Federal Reserve
Chairman Ben Bernanke said today.
More...
As Red Soxs get off to a strong start, owner's hedge fund in
freefall
Source:
BloggingStocks
John Henry acquired the Boston Red Sox in 2002, and led the team
to its first first World Series victory since 1918 in 2004. This
year, the team is off to a 26-11 start, good enough to give it
the best record in baseball. However the hedge fund empire that
gave Henry the money to buy the team has not fared so well. In
fact it's performed more like the Kansas City Royals, who have
the worst record in baseball. Since December of 2004 (2 months
after the Red Sox won the Series), his fund has lost a
mind-boggling 36% of its value, and assets under management have
been cut in half to about 1.4 billion dollars as investors flee
in search of better returns.
More...
Hedge fund managers step up activism
Source: The Hinesberg Journal
With Congress always looking for new ways to boost tax receipts
and protect individual investors, it‘s natural for hedge fund
managers to worry that they have a bull‘s-eye on their chests —
especially now that word is out that some of them made more than
$1 billion apiece last year. More...
Hedge funds role growing in deals: Moss
Source:
The Sydney Morning Herald
The role of hedge funds is becoming more important in Australian
and international business, Macquarie Bank CEO Allan Moss said
on Tuesday.
Mr Moss acknowledged the significance of hedge fund players
during a briefing on the investment bank's record yearly profit
on Tuesday.
More...
Packer lists investment company on ASX
Source:
The Age
James Packer is planning to raise $500 million in listing a new
investment company on the Australian Stock Exchange.
The company will give investors the opportunity to invest
alongside him in one of his flagship hedge funds, The Australian
Financial Review reports.
More...
Tikehau Makes Maiden Credit Hedge Fund Offering
Source:
FINalternatives
Paris-based Tikehau Investment Management in February launched
its first hedge fund product, a long/short credit offering. To
date, the Tikehau Credit Opportunities Fund is up 2.1% as of May
14 with €39.1 million (US$53 million) in assets under
management. More...
Hedge funds, 130/30 are on a roll
Source:
Pensions & Investments
Assets invested or destined for hedge funds, funds of funds and
their cousins — absolute return and 130/30 strategies — totaled
$38.2 billion so far this year, 54% more than the $24.7 billion
institutions invested in these approaches in all of 2006. More...
St. Pete hedge fund manager boosts stake in energy drink maker
Source:
Tampa Bay Business Journal
Wayne Anderson was named to the board of directors of Who's Your
Daddy Inc. after his Around the Clock Partners hedge fund helped
raise $3.25 million for the San Diego-based energy drink
company.
More...
Today's Stories unabridged on the
web
|
