Hedge Funds news from FierceFinance
Navigating the Hedge Fund Maze - May 2009
It looks like April showers brought May optimism to the hedge fund industry, as the funds continued to fare better than many other investments. By all indications, money is flowing back into funds of hedge funds. The recent upturn has certainly brought smiles to the faces of investors. According to a Goldman Sachs survey, hedge fund investors have been happier in 2009.
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News
The best prime brokers left standing
The prime brokerage industry has undergone some seismic shifts, and we're starting to see a post-credit crunch new order emerge from the rubble. While Goldman Sachs and Morgan Stanley were once the... Read more...
Optimism about hedge funds rises
Hedge funds got off to a good start this year. For the first half, they have risen nearly 10 percent on average, according to Hedge Fund Research. The last time the industry got off to such a strong... Read more...
Hedge fund switches to mutual fund
One reason to switch from a hedge fund to a mutual fund is to look good by comparison. Just look at Bull Path Capital Management's decision to do just that: It "was down 26 percent last year and 15... Read more...
Hedge funds start-ups cropping back up
Even before the credit crisis set in, many noted that hedge fund start-ups were few and far between. The idea that all you needed was a computer and some capital was always something of a myth, akin... Read more...
Morgan Stanley's future in prime brokerage
What are Morgan Stanley's intentions in the prime brokerage model? Well, fairly or not, the perception has developed as of late that it was seeking a new business model that relied less on leverage... Read more...
Shades of Samuel Israel?
A Chicago hedge fund manager, Philip Baker, of Chicago-based Lake Shore Asset Management, has been indicted for cheating hundreds of investors out of roughly $312 million. The Canadian citizen was... Read more...
Hedge fund turnarounds
We've noted the woes of James Simon's ailing RIEF recently. But for every story of a poorly performing fund, this year, there seems to be a success story. From a performance perspective, hedge funds... Read more...
JPMorgan's success with Highbridge
JPMorgan, with its purchase of the remaining portion of Highbridge, seems to be wagering that the worst is over for hedge funds. You can see why the company might think that. At Highbridge anyway... Read more...
Should CDSs be outlawed?
There's a big battle brewing about how the credit default swaps and other derivatives ought to be regulated. Some in the government favor moving the market onto an exchange formally, which would... Read more...
Convertible bonds fuel funds
Convertible securities have climbed 20 percent after tumbling 27 percent in the last four months of 2008, according to Merrill Lynch & Co. index data. Bloomberg says that upturn has fueled a 25... Read more...
