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Bulls get bolder,
bears wait patiently
Source: DealBreaker.com
Hedge funds that focus on shorting lost 35 percent from
September 2002 through the end of April, according to the Credit
Suisse Tremont Hedge Fund Dedicated Short Bias Index. That
compared with an 82 percent gain for the S&P 500 in the same
period. The funds are the worst performers this year among 10
hedge fund strategies tracked by the Credit Suisse/Tremont Hedge
Fund Index, dropping 1.1 percent.
More...
Goldman Sachs
portfolio managers start hedge fund
Source:
AsianInvestor.net
Xiong Xiong and Vincent Ee plan an upcoming launch for the Libra
Greater China Fund.
Two Asia investment experts from Goldman Sachs are launching a
new long/short strategy, named the Libra Greater China Fund. The
launch is planned for the beginning of June.
More...
New Credit
Suisse/Tremont Hedge Fund Index research reveals that Event
Driven hedge funds were the top performing sector over the past
12 months, returning 15.62%*
Source:
BusinessWire
Credit Suisse Index Co., Inc., today released its latest
industry commentary, Event Driven for All Seasons, disclosing
that the Event Driven hedge fund strategy, which includes the
Distressed, Multi-Strategy and Risk Arbitrage sub-sectors, was
the top performing sector over the past 12 months, returning
15.62%. The sector has benefited from a wide range of
opportunities directly related to corporate capital structures
presented in all market cycles. More...
Pioneer Snags AXA Exec
To Lead Alternative Investment Sales Effort
Source: FINalternatives
Pioneer Investments has appointed Antoine Josserand as head of
alternative investments institutional sales. In this
newly-created London-based role, Josserand will lead the
alternative sales effort to the institutional market and will
also act as a technical specialist within the wider Pioneer
Investments global distribution team. He will report to Paul
Price, global head of institutional business.
More...
Point Of View: Ex-SEC
Heads Join Hedge Fund Worry Chorus
Source:
SmartPros
He headed the Securities and Exchange Commission until mid-2005
and pushed through the controversial hedge fund adviser
registration rule that was later overturned in court. He left
office concerned about the market impact of the rapidly growing
investment pools, and he's clearly still agitated about the
subject.
More...
Hong Kong Monetary
Chief Fears a U.S. Dollar Collapse, and Hedge-Fund
Destabilization
Source:
Executive Intelligence Review
The Hong Kong Monetary Authority (HKMA) has warned about the
dangers posed to the world financial system by the
vulnerabilities of the U.S. economy, in a statement yesterday,
the Hong Kong Standard reported. "A sudden and sharp
depreciation of the U.S. dollar, the disorderly unwinding of
global imbalances and a spillover of U.S. housing market
weakness are external risks to the currency stability in Hong
Kong. More...
Impressive returns
lure foreign fund managers to stock market
Source:
BusinessDay
Impressive returns from the Nigerian stock market have sparked
growing interest from the global financial market. Foreign hedge
fund managers, who want a share of the harvest, are now entering
the market and positioning themselves through local
stockbrokers.
More...
Trade Like Hot Hedge
Fund Atticus Capital
Source:
TheStreet.com
In one of my first interviews with Jim
Cramer this year for TheStreet.com TV, I asked him for his
favorite hedge funds to follow. He named Atticus Capital.
Cramer recalled a time when he was skeptical of one of the
fund's positions, but after management walked him through its
due diligence he was impressed. It was remarkable, he said, the
level of detail and work the fund had put into its research.
More...
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