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Citigroup helps sell
more private debt to hedge funds
Source:
Lessors.com
Citigroup, the world's second-biggest bond underwriter, is
arranging more private offerings of Asian high-risk, high-yield
debt to meet increased demand from hedge funds.
More...
Hedge Connection
Announces First Annual Networking Event
Source:
eMediaWire
Hedge Connection Inc. ("Hedge Connection"), the first
internet-based research and networking platform for hedge funds
and qualified investors, today announces that on June 7, 2007
Hedge Connection will host its first member's only networking
event in New York. "An Evening with the Pros" will feature a
distinguished panel of professional hedge fund investors. Hedge
Connection members will be joined by PGA professionals providing
swing and putting analysis.
More...
How the hedge fund
elite live
Source: FT Alphaville
Forbes is doing its best to make top hedge fund managers,
inexplicably dubbed the Wall Street elite, seem oh-so
extravagent and slightly eccentric. OK, Steven Cohen apparently
buys the rights to photos of himself in advance of public
appearances and has a taste for quirky Brit art. More...
Local hedge funds
strong
Source: Sunday Times
April was another good month for funds submitting data to the
Nedgroup Investments Hedge Fund Review, reports Lizelle Steyn,
Product Manager at Nedgroup Investments and compiler of the
monthly review.
More...
Man's key hedge fund
falls near 5%
Source:
Times Online
Two of the world's most closely watched hedge funds have
admitted to investors that they have underperformed the wider
market.
Man Group, the world's largest listed hedge fund manager,
formerly run by Stanley Fink who is now deputy chairman, said
today that its $18.5 billion (£9.36 billion) AHL Diversified
programme - which manages a number of its investment funds and
products - suffered a 4.8 per cent fall in its compound annual
rate of return last year.
More...
Owl Creek Preps
Japan-Focused Activist Hedge Fund
Source:
FINalternatives
New York-based Owl Creek Asset Management is reportedly prepping
a Japan-focused activist fund to be launched sometime in July.
The Owl Creek Japan Fund will look to capture alpha in Japanese
distressed names and is said to eventually raise $1 billion in
assets under management. More...
FMG Makes Africa Hedge
Fund of Funds Offering
Source:
FINalternatives
FMG Fund Managers is making a break for what it dubs the “final
frontier”—Africa—with its latest offering. The firm last month
launched the FMG Africa Fund, a long-biased Bermuda-based fund
of funds with $3 million in internal capital; FMG will begin
marketing the fund to outside investors next month.
More...
MG Capital says to
wind down hedge fund business, to focus on private equity
Source:
Hemscott
Investment advisor MG Capital PLC said it intends
to wind down its hedge fund business, carried on by its 75.5 pct
subsidiary Jade Absolute Fund Managers Ltd, to concentrate on
its private equity activities.
More...
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