The Hedge Funds Weblog
Seen that? – Pensions and Hedge funds bet against the dollar
Pensions and Hedge funds bet against the dollar The Hedge Funds Weblog
Michael McDonald from Bloomberg News presents the recent data of investing patterns of the pension and hedge funds industry as provided by a Greenwich Associates survey. He, and probably the data as well (?), suggests the dollar may fall to a 10-year low in the course of massively increasing Foreign Currency positions of the named funds. Three quarters of the money flowing into U.S. mutual funds in the first [...] Read More
Billion Dollar Hedge Fund Buyout The Hedge Funds Weblog
In a deal worth up to $1.32 billion, London hedge fund operator Marble Bar Asset Management LLP has been bought by Swiss private banking group EFG International. EFG said it will initially pay $517 million in cash, plus a further $300 million to $800 million over the next six years, depending on the performance of Marble Bar's funds. Of the initial cash payment to Marble Bar partners and staff, about $400 [...] Read More
Hedge Fund Journal’s Funds of Hedge Funds/ Newedge Release Top 50 Research The Hedge Funds Weblog
The top 50 funds are certainly managing less, but they are not out of the game. Smaller funds, of course, are facing an even tougher time. Chicago-based Hedge Fund Research (HFR) has reported that over 200 funds of hedge funds liquidated in 2009. This is a significant increase on the last quarter and represents an annual attrition rate of over 8%; nearly double the previous record set in Q4 2008. [...] Read More
Hedge funds lied to investors Sox First
Hedge funds have been badly exposed in a new study Trust and Delegation . Hedge funds were instrumental in buying bad securities and and helping bring the world’s financial system to its knees.The study found that half the hedge funds (49%) lied and misled investors. “We find that misrepresentation about past legal and regulatory problems is frequent (21%), as is incorrect or unverifiable representations about other topics (28%),” the researchers [...] Read More
The Growing Clout of Hedge Funds Sox First
Interesting piece in the Wall Street Journal about how distressed power producer Calpine's pending bankruptcy is highlighting the growing clout of hedge hunds to force changes in corporate strategy.The WSJ piece is for subscribers so here's a summary: the hedge funds are among the biggest holders of Calpine's $17 billion debt and some have taken positions set to push the company into Chapter 11.Corporations traditionally borrow from banks and mutual [...] Read More
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