Europe may be in crisis and Greece might be heading south, but all that will have to wait until all the hyperbole and excitement of tomorrow’s momentous Facebook IPO has blown over. Analysts are not sure exactly what to expect tomorrow, but so far the incredible demand has motivated Facebook to sell even more shares…
Category Archives: Quote of the Day
Charles Biderman on Today’s Hedge Fund Industry
Hedge funds are still grappling with reduced investor interest and slow performances as the global economy continues on its inconsistent path. Charles Biderman of TrimTabs explained: “Hedge fund industry returns continued to lag popular financial industry benchmarks.” Asset growth in the industry, he says, has been “in a perpetual slide since July 2007.” He added…
Jay Krieger on Hedge Fund Performance in April
This past April saw hedge funds fall 1%, while the Bloomberg aggregate hedge fund index fell from 118.60 to 117.45 as well. Fundamental Capital Management’s Jay Krieger explained: “Hedge fund managers have been somewhat cautious. They’re not going to jump on the recovery bandwagon.”
Milken Institute Hosts 15th Global Conference in Los Angeles
From April 29 until May 2 the Milken Institute held its 15th Global Conference since 1998. The Institute brings together some of the world’s most successful and diverse personalities from the world of business, finance, policy, education, health, energy and philanthropy with the goals of discovering innovative solutions to some of the world’s most challenging…
Chilton Investment’s Robert Williamson Jr. Found Dead
B. Robert Williamson Jr., 55-year old managing director and portfolio manager of hedged U.S. strategy at Chilton Investment Co., was found dead this weekend in North Carolina. Williamson was staying with his family on Figure Eight Island near Wilmington when he was reported missing on Sunday morning. His body was discovered in his car, submerged…
Hedge Fund Quote: Kenneth J. Heinz
According to recent data from Hedge Fund Research, or HFR, hedge fund assets boasted record highs during this year’s first quarter, making it the best first quarter in five years. The report stated that total assets distributed to hedge funds since January passed $16 billion. The firm added that investors continued to prefer the more…
Quote of the Day: Michael Sharp of Debenhams Pleased with Profits
Chief Executive Michael Sharp of Debenhams, the second largest department store chain in Britain, is pleased with profits, which beat market expectations. Debenhams reported a pretax profit of 128.5 million pounds ($205.4 million) which was less than a year ago, but ahead of the forecasted amount of 124.5 million pounds. Sharp said he felt “comfortable”…
Mark Wightman on Capula’s Expansion and the Asian Market
Capula Investment Management, the $13 billion hedge fund linked to Goldman Sachs, plans to expand to Hong Kong. Asia’s hedge fund market has proven relatively challenging despite the region’s economic growth, but several funds have chosen Hong Kong as their home base, including Paulson & Co and Soros Fund Management. SunGard’s Mark Wightman commented on…
Bradley H. Alford on Hedge Fund Fees
Though the industry has suffered, hedge fund manager still bring home millions every year. According to Bradley H. Alford, this largely has to do with the fees charged to pensions, endowments and other investors. He said: “The industry’s fees and performance are so out of whack it’s unbelievable. Fifteen years ago, you got double-digit performance…
Andrew Gordon on Winning Best Asian Hedge Fund Administrator Award
Last week’s Hedgeweek Awards recognized BNY Mellon’s Alternative Investment Services as the Best Asian Hedge Fund Administrator Award. Determined by the 41,000 votes of Hedgeweek’s subscribers, the awards honor funds that have managed to cope with, and develop despite, the financial crises that have emerged over the past several years. Upon receiving the award, BNY…