Hedge funds chalked up their strongest gains in 16 months in September, helped by climbing stock prices around the world, Reuters said, citing data from Singapore-based fund tracker Eurekahedge. Eurekahedge said its hedge fund index was up 3.45 percent month-on-month for September, raising returns since the start of the year to 5.15 percent. “All regions [...]
Hedge funds received net deposits in August of $11.3 billion, the largest since February, as investors increased their appetite for risk, Bloomberg News reported, citing data from TrimTabs Investment Research and BarclayHedge. Emerging-market, fixed-income and macro funds, whose managers seek to profit from global themes or trends, took in the most cash, the research firms [...]
The Treasury Department’s program to soak up toxic mortgage assets may have unnecessarily excluded smaller, well-qualified fund managers to the detriment of taxpayers, a U.S. bailout watchdog said on Thursday, Reuters reports. A new audit of the Public Private Investment Partnership legacy securities program (PPIP) concluded that a criterion that fund manager applicants have $10 [...]
Bigger actually may be better — at least when it comes to hedge funds. Bridgewater Associates, already the biggest United States-based hedge fund, pulled in more new money in the first half of 2010 than any of its rivals, the industry magazine AR said in its annual Billion Dollar Club survey of American hedge funds [...]
Endesa, a Spanish utility controlled by Enel of Italy, agreed to sell 80 percent of its natural gas distribution assets to two infrastructure funds managed by Goldman Sachs Group to reduce debt, Bloomberg News reported. The sale will have a “positive impact” of about 450 million euros ($606 million) on pretax profit and of 800 [...]
Former President Bill Clinton said he has noticed that few hedge-fund managers attend his 4-day conference aimed at linking philanthropists with groups working to spur economic development around the world. “There should be more,” Mr. Clinton told Bloomberg Television. Mr. Clinton said he knew of only two hedge-fund firms represented at the Clinton Global Initiative [...]
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