Funds Hub
Money managers under the microscope
Morning Line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Galleon 90 percent liquidated - Reuters
US House panel approves hedge fund bill – Reuters
Bear Stearns hedge fund manager told investors only ‘couple million’ redemptions on call- Bllomberg
Traders go short on Lloyds - Telegraph
You can’t win ‘em all
Ah well, even superstar hedge fund managers can’t always get their timing spot on.
U.S. hedge fund boss John Paulson had been sitting on a 300 million pound profit on his bet against British bank Barclays just three months ago, but by holding on for too long has seen most of that gain wiped out.
from Global Investing:
Permabears are coming out of hibernation
After a 40-percent gain, the rally in world stocks might be losing momentum.
For permabears who live on doom and gloom to make money this is just a blip which is going to end in tears.
David Tice, a 20-year veteran short seller who manages Federated Investors' $1 billion short fund, says we are in for a secular bear market which is going to last for 10 years.
Short and Curlies
The Longpigs were one of the lesser lights of Britpop, best known for a number 16 hit with She Said and for launching the career of Richard Hawley. Now though, apparently, short pigs are all the rage.
News reaches us of exciting developments in the world of ETFs where the market is seeking out ways to play swine flu. ETF Securities has seen a surge in volumes and returns of its Short Lean Hogs ETC after the World Health Organisation (WHO) raised its pandemic alert for swine flu to the second highest level last Wednesday.
Reuters Fund Summit: Will hedge fund regulation open the door to retail investors?
By Huw Jones
Hedge funds are nothing if not optimistic – they have to be in the current climate.
While holed up in an English country resort last weekend, finance ministers and central bankers from the G20 group of countries agreed that the $1.4 trillion hedge funds sector should be made to register, be directly supervised and provide information about their holdings to regulators who track risk in markets.
