Hedge Hub | Funds Hub

Funds of hedge funds have had a hard time since the onset of the credit crisis, what with the Madoff scandal, widespread gating and sidepockets and underperformance versus single-manager hedge funds in 2008 and 2009.

However, Ucits — onshore funds viewed as more transparent and more liquid — have been widely seen as a fresh injection of capital into the hedge fund industry and could prove a much-needed boost for funds of funds looking for a new client base to tap.

Morning line-up: Retreats, pressure and Everbright

Joel Dimmock

Aug 20, 2010 05:40 UTC

News and views on the fund industry from Reuters and elsewhere:

Wild trading – WSJ

Druckenmiller ripples will be small – FT

The retreat from EM – Reuters

Everbright wants out of fund jv – Reuters

Oh.. the pressure! – CNN

Morning line-up: Druckenmiller, subprime and Blackstone

Joel Dimmock

Aug 19, 2010 06:43 UTC

blackstone | druckenmiller | hedge funds | india | subprime

News and views on the fund industry from Reuters and elsewhere:

Brevan Howard takes top spot – WSJ

Was Druckenmiller just too big? – Reuters

Subprime lending gets heart a-flutter – Reuters

Blackstone in India – FT

Hedge funds offer bad omen for housing – The Scotsman

Morning line-up: Oil!, Gartmore and the SEC

Joel Dimmock

Aug 18, 2010 07:07 UTC

News and views on the fund industry from Reuters and elsewhere:

There will be blood… – Reuters

Gartmore deflects attention – WSJ

F&C finds a taker – Reuters

U.S. funds regulator skidaddles - WSJ

Morning line-up: Eton, sovereigns and sport stars

Joel Dimmock

Aug 17, 2010 06:03 UTC

eton park | gold | swf | trusts | wealth management

News and views on the fund industry from Reuters and elsewhere:

Sovereign funds get merger mania – Reuters

Wealth firms back Trusts – FT

…and tout for sport star biz – WSJ

Fees row in infrastructure – Reuters

Eton Park goes for gold – Bloomberg

Paulson’s Goldman defense

Christian Plumb

Aug 16, 2010 23:00 UTC

goldman sachs | Paulson | securities and exchange commission | wall street bank

paulson

As stock bets go it is no way the biggest and not particularly dramatic.

But the decision by Paulson & Co. to pick-up some 1 million shares of Goldman Sachs Group in the second-quarter may be some of the most fitting piece of Wall Street poetry to come out of this latest round of 13-F filings.

Of course Paulson’s fund will forever be linked with Goldman because it was the hedge fund at the heart of the Securities and Exchange Commission’s civil fraud case against the Wall Street bank. The SEC, in April, charged Goldman with failing to disclose that Paulson’s hedge fund had a hand in picking securities for a complex mortgage-related deal that the hedge fund was betting against.

1st UK sukuk to herald new phase? Inshallah…

Cecilia Valente

Aug 16, 2010 15:16 UTC

ITT | MUSHARAKA | sukuk | UK

If it was not the holy month of Ramadan, I would confidently predict plenty of Halal cork-popping in UK Islamic finance circles today, following news of the first company in Europe — International Innovative Technologies (ITT) – to raise $10 million through a sukuk deal.

This has been a labour of love… rumours and counter-rumours about which company, government or institution would do the honours have abounded since the UK shelved its plans for a 2 billion pound short-note sukuk programme at the end of 2008. The UK may not be the only theatre of action in Europe – Luxembourg’s sukuk is rumoured to be on its way and France is equally open about its ambitions.