Funds Hub
Money managers under the microscope
Morning Line-Up: Gartmore, Lehman/Nortel case, dairy bid, Ireland
News and views on the asset management industry from Reuters and elsewhere:
Gartmore mystery stake-builder- FT
Lehman/Nortel pension UK court case – Reuters
Morning Line-Up: Lehman rumours, CalPERS names naming, Scandinavia
News and views on the asset management industry from Reuters and elsewhere:
Hedge fund Och-Ziff accused of Lehman rumours in court papers – WSJ
CalPERS should name 100 largest Californian politicians’ pays – Reuters
Private equity investments in Scandinavia on track to pre-2007 levels- Bloomberg
Morning Line-Up: Lehman rises from ashes, helpful hedgies sought
News and views on the fund industry from Reuters and elsewhere:
Lehman given go-ahead for new asset management company - Reuters
PIMCO calls for money market fund reform - Reuters
Altin ups macro allocation to 20 pct – HedgeWeek
GAM adds EM currency fund to UCITS range - Fund Strategy
SEC seeks hedge fund monitors - The Seattle Times
Morning Line-Up: Billet-doux for Lehman, PIMCO gets active
News and views on the fund industry from Reuters and elsewhere:
The day Lehman got a love note from a hedgie - Reuters
PIMCO launches first active equity fund - Reuters
HarbourVest seeks London port - FT.com
Art market prices set to rise 40 pct - HedgeWeek
It’s not just the leverage
If private equity is anything to go by, there is plenty of hope for hedge funds operating in the new, post-Lehman world of lower leverage.
A study by the Center for Entrepreneurial and Financial Studies and Capital Dynamics, out today, finds that two-thirds of private equity’s value creation is down to improving companies it owns or rising market multiples.
Morning line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
SEC war on hedge’s derivatives – NY Post
Hedge funds could nab $11 bln from Lehman – Alphaville
Galleon brought down by beauty queen – Huffington Post
Hedgies pump up stock exposure – Reuters
Citadel stronger in ’09
2009 has proved so far to be a bumper year for hedge funds — not least due to a huge rebound in the price of most assets — helping eradicate at least some of the bad memories of last year.
Citadel’s Kenneth Griffin has been a case in point.
An article in today’s Wall Street Journal (which dubs him a ‘titan’ and a ‘hedge fund king’), says Citadel made $5 billion in trading profits in the first nine months of this year as markets recovered.
Out for the count
A bit delayed this, but drawing your attention to Parvathy Ullatil’s entertaining look at hedge fund managers going at each other with fists and gumshields, rather than outlandish claims of stratospheric bonuses. Photos from Reuters pictures.
It was the kind of opportunity loss-stricken investors probably wished for in the worst months of the financial crisis: getting a bunch of hedge fund managers in a boxing ring and pummeling them.
from Summit Notebook:
Private bankers chanting new mantra
Private bankers still getting their ears bashed from clients enraged about massive portfolio losses now are chanting a new mantra.
Murmur along with me, those seeking inner peace and appeased clients: the word is “holistic".
