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Citi to sponsor WIT GAA teams
Source: Waterford News & Star
CITI Hedge Fund Services (Ireland) Limited - part of one of the
world’s leading financial services companies - has agreed to
sponsor the GAA teams at Waterford Institute of Technology.
More...
Fund managers more confident
with Asian growth
Source:
AsianInvestor.net
Merrill Lynch’s monthly poll shows that fund managers expect a
stronger Asian economy over the next 12 months amid a US-led
global economic slowdown.
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Offer May Let Trump Tower Rise
Source: TBO.com
The fate of the stalled 52-story Trump Tower Tampa may rest in
the hands of its buyers.
A New York hedge fund representative told about 80 buyers and
their representatives Wednesday night that the fund is prepared
to finance the luxury condo tower - but only if enough of them
agree to sign new contracts, according to Don Wallace, a
Pinellas County buyer who organized the meeting. More...
Quantifying Volatile Markets
Source:
Traders Online
Sometimes quants and their models fail, says Chris Erfort, head
of equity trading at Twin Capital Management, a quant fund
outside Pittsburgh. Erfort, who is also the firm’s portfolio
manager, says August’s volatile markets were a prime example of
panic selling.
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RAB founder welcomes more transparency
Source:
Telegraph.co.uk
Philip Richards, head of Northern Rock's biggest
shareholder, says the best solution for the bank would be the
least newsworthy one
Listening to the head of one of London's biggest hedge funds
publicly welcoming closer scrutiny of the industry would not
long ago have seemed about as likely as hearing Formula 1's
prodigy Lewis Hamilton broadcasting a request for Spanish
lessons while draped in the Finnish flag.
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Ryada Capital launches Islamic hedge fund
Source:
AME Info
Based out of Kuwait, the fund has a minimum investment of $1m,
and aims to provide 20 per cent annual net returns.
According to the Bank of New York hedge funds will increase from
around $360bn today to over $1 trillion in 2010, as more
institutions increase their allocations in them. Where 16 per
cent of institutions did not invest in hedge funds in 2004,
State Street Research says that figure has now dropped to four
per cent.
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Citi Snags Renaissance Exec.
Source:
FINalternatives
Citi Alternative Investments has named Jeffrey Gould to the
newly-created role of global head of distribution. Gould joins
the firm from quantitative hedge fund Renaissance Technologies,
where he served as president of institutional management for two
years.
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Merrill Lynch to offer brokerage for SA hedge funds
Source:
Moneyweb
Merrill Lynch & Co, the world's largest broker, plans to
start offering prime-broking services to South African hedge
funds to tap increasing growth.
More...
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