Stories

  • The Not-So-Real McCoy

    December 23, 2008

    Two leading academics show how easy it is for unskilled managers to fake alpha.

  • Update: Sweet Home Chicago: A Bigger House

    December 23, 2008

    In a rare instance of a merger not driven by the government or forced by downsizing, a pioneering Chicago fund of hedge funds is consolidating with a sister firm.

  • And So It Begins

    December 23, 2008

    Butterfield Fulcrum provides telling sign of consolidation.

  • Aiming To Score

    December 23, 2008

    Looking for a recession-proof commodity? Try music.

  • Security: The Ex-Files

    December 23, 2008

    Making sure laid-off workers don’t walk off with more than they’re supposed to.

  • Still Cranky

    December 23, 2008

    Big companies hate short-sellers. This is the apparent conclusion of a new NYSE Euronext study in which executives favored an outright ban under certain circumstances.

  • Playing By the 'Legal-List' Rules

    December 23, 2008

    Legal-list allocation limits helped many state pension funds weather the market storm last year.

  • ClassReview: The Pessimists Prevail

    December 23, 2008

    Hedge funds that seek out "special situation" opportunities had to look harder than usual in October, one of the worst months on record for investors.

  • Media Meltdown

    December 23, 2008

    Hedge fund activists team up to win seat on NY Times board.

  • The Numbers

    December 23, 2008

    What is this fearsome beast accountants call FAS 157?

  • Counting the Beans

    December 23, 2008

    FAS 157 blamed for fueling problems in the banking sector.

  • InvestorForum

    December 23, 2008

    Suffering its worst year ever, the hedge fund industry by most expectations faces a shakeout in which only the fit will survive. Yet most participants in our latest InvestorForum seem to think the worst is over. Hedge funds, according to our survey results, are no longer as widely considered a sure thing as before, but most respondents see either a return of stability or gains in 2009, and most plan to keep hedge fund allocations the same or increase them.

  • Flameout in the U.K.

    December 23, 2008

    The sudden demise of New Star Asset Management Group may serve as a warning to struggling hedge fund firms — like Och-Ziff Capital Management Group, GLG Partners and Fortress Investment Group — that followed New Star in going public.

  • Not So Prime Now

    December 23, 2008

    When Morgan Stanley CEO John Mack took short-sellers to task for the bank’s troubles, he may have done more than other investment banks to alienate hedge fund managers.

  • Nomura's Big Hedge Fund Bet

    December 23, 2008

    For nearly a half century, Nomura Holdings has been the dominant brokerage house in Japan.

  • What Asian Contagion?

    December 23, 2008

    Asia-Pacific regulators, especially in Australia, Hong Kong and Singapore, see little reason to clamp down on hedge funds.

  • A New Norse Code: Foreigners Welcome

    December 23, 2008

    Whaling and prostitution are tolerated in Norway, so why not hedge funds?

  • Europe's Flirtation With Unity

    December 23, 2008

    Europe may require a hedge fund passport to greater reporting and disclosure.

  • Pension Protection

    December 23, 2008

    Two years ago hedge fund managers enjoyed a rare victory with the passage of the 2006 U.S. Pension Protection Act.

  • The Usual Suspects

    December 23, 2008

    Hedge fund managers are being hauled in to Washington for questioning.

  • The Credit Pandemic and the New World Order

    December 23, 2008

    Regulators from Washington to Seoul are looking to crack down on hedge funds.

  • Back to Basics

    December 23, 2008

    Hedge funds look to industry counterparts to understand the value of marketing.

  • The Top U.S. Equity Analysts

    December 23, 2008

    Hedge funds pick their favorite researchers.

  • An Alpha Bet Gone Bad

    December 23, 2008

    The Pennsylvania State Employees’ Retirement System is the poster child for a once-compelling idea.

  • Repairing the Damage

    December 23, 2008

    Investors are starting to question the role of hedge fund consultants.

  • Ratings, Interrupted

    December 23, 2008

    Demand for a comprehensive and broadly accepted system to issue ratings on hedge funds has by no means disappeared.

  • Pentegra Retirement Services

    December 23, 2008

    The enactment in August 2006 of the Pension Protection Act brought an added measure of security to employees’ pension investments, but the law has taken on a different hue lately in light of seemingly interminable waves of market volatility.

  • Doubling Down

    December 23, 2008

    Drexel University investment director Joshua Kaplan ups the hedge fund ante.

  • Negative Exposure

    December 23, 2008

    Rising counterparty risk turned a seemingly ideal bet into a loser; not least among the casualties—Citadel Investment Group, which had been using credit default swaps to hedge positions in—among other things—high-yield and investment grade bonds.

  • Beneficent Chord

    December 23, 2008

    Joseph DiMenna helps an orchestra build a new home.

  • Back into the Fray

    December 23, 2008

    Former Man Group CEO Stanley Fink comes out of a short-lived retirement.

  • CrackBerry Alert

    December 22, 2008

    Text messaging raises new compliance and security concerns.

  • The Value in Foresight

    December 18, 2008

    Independence is prized as investors reward prescient analysts in this year’s annual ranking of the Top U.S. Equity Research Analysts. Ivy Zelman of Cleveland-based Zelman & Associates, for the third consecutive year is No. 1 in the Homebuilders & Building Products sector. She is one of two independent analysts this year to claim the No. spot in their sectors. The other, Edward Wolfe, has been a first-timer for six straight years in the Air-freight & Surface Transportation sector.


 

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