Hedge Funds News
Wealth funds meet to allay Western fears
SINGAPORE (Reuters) - Sovereign wealth funds that control an estimated $3 trillion in assets will meet in Singapore this week to discuss a code of ethics aimed at allaying Western fears that their investments are politically motivated. Full Article
Bigger may be better as smaller hedge funds give up
BOSTON (Reuters) - Bigger may really be better for hedge funds at a time the $2 trillion (1 trillion pound) industry's smaller players face tough choices of either merging or being forced out of business. Full Article
GLG Partners hires Goldman Sachs partner - newspaper
PHILADELPHIA (Reuters) - GLG Partners has hired Goldman Sachs partner Driss Ben-Brahim, who oversees the firm's emerging-markets trading, the Wall Street Journal newspaper reported in its electronic edition on Sunday. Full Article
More Hedge Funds News
Hedge fund code to catch the willing and unwilling
LONDON (Reuters) - Many of Europe's hedge funds will sign up to a voluntary code of standards to appease institutional investors and avoid punitive regulation, but even those that don't will be unable to ignore it. Full Article
Barclays offers OTC commodity service to funds
LONDON (Reuters) - Barclays Capital is the first bank to offer to intermediate over-the-counter commodity trades that will save hedge funds money and reduce paperwork, the investment bank told Reuters. Full Article
Hedge fund swindler Israel denied bail
NEW YORK (Reuters) - Hedge fund swindler Samuel Israel III faced a fresh charge of bail jumping on Thursday and was ordered to jail immediately, one day after his mother convinced him to end a high-profile run from justice. Full Article
Hedge fund veteran's new firm to tackle funding
BOSTON (Reuters) - Meeting long-term funding obligations can be the stuff of nightmares but that's what hedge fund industry veteran Philip Duff says his new firm can do to help pension funds, endowments and insurers tackle. Full Article
Marshall Wace and GaveKal form Asia venture
HONG KONG (Reuters) - UK hedge fund manager Marshall Wace and research and fund firm GaveKal Holdings said on Wednesday they would form a joint venture to manage GaveKal's existing funds and Marshall's planned Asia-focused vehicles. Full Article
Fear not the funds, coal analysts say
LONDON (Reuters) - Hedge funds have piled into the booming coal market, but are chasing already bullish fundamentals rather than creating a potentially fragile investment bubble, analysts said on Tuesday. Full Article
Hedge fund Harbinger discloses HBOS short position
LONDON (Reuters) - U.S. hedge fund Harbinger Capital said it held a 3.3 percent short position, worth about 345 million pounds, in HBOS, under new disclosure rules for companies during rights issues. Full Article
| Symbol | Bid | Ask |
|---|---|---|
| BRENT CRUDE | $0.00 | $0.00 |
| MINI GOLD | $922.60 | $922.80 |
| MINI SILVER | $17.97 | $17.98 |
