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A scaredy-cat approach pays off for hedge fund
Source: The Sydney Morning Herald
EARNING 22 per cent on your investments while holding half of
your portfolio in cash is no easy trick, but last year Seth
Klarman pulled it off, and it was not the first time.
More...
Dillon Read hedge fund
was too complex and too costly
Source:
FinancialNews-US.com
The Dillon Read Capital Management saga did not close like many
hedge fund stories, wallowing in losses with angry clients.
Instead third-party investors were rewarded with an 11% return
between the launch of the fund last November and the end of
March and their money will be returned.
More...
Hedge funds may trip
REpower deal
Source: The Economic Times
The competing takeover bids of Suzlon Energy and Areva of France
for Germany’s REpower Systems are set to face difficulties with
the hedge funds that own shares in the German company unlikely
to sell to the two companies at the current bid prices of e150
/share and e140 /share respectively. At present, Suzlon and
Areva both hold 30% each in the company. More...
New Century sells loan
unit to hedge fund
Source: FinancialNews-US.com
New Century Financial, a US sub-prime lender which last month
filed for bankruptcy, has sold its loan servicing operations to
a hedge fund in which the lender invested three years ago.
More...
Simran Capital Management Awarded “2007 Emerging Manager of the
Year” at Hedge Fund Summit
Source:
WebWire
Simran Capital Management, a pre-event driven activist hedge
fund manager that focuses on stressed and distressed credit
markets, was given the “Emerging Manager of the Year” award at
Opal Financial Group’s 2007 Emerging Manager Summit. This event
brought together a diverse group of up-and-coming
performance-oriented managers, fund of hedge funds, pension
funds, endowments, family offices and leaders from the hedge
fund industry, drawing its largest participation in its four
year history.
More...
Trichet says support growing for hedge fund code of conduct -
report
Source:
Forbes
European Central Bank president Jean-Claude Trichet has said
there is growing support around the world for a proposed
voluntary code of conduct for hedge funds, according to a report
in the Financial Times. More...
Hedge
funds step up challenge to SEC
Source:
Reuters
Hedge funds and other investment firms have been busily filing
quarterly public reports to regulators in recent weeks, offering
rivals a window into top manager holdings that sometimes moves
shares. More...
Ohio doubles hedge
funds of funds allocations
Source:
Pensions & Investments
Ohio Public Employees’ Retirement System, Columbus, doubled its
allocations to its two hedge fund-of-funds managers, Crestline
Investors and Pacific Alternative Asset Management, which now
will run $50 million each.
More...
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