hedge fund

The world of hedge funds might be very close to a big shake-up and, perversely, New York could be one of the winners.

But a person with at least twenty-five thousand dollars to invest can put the money into funds that invest in hedge funds.

The issue is all the more important at a time when institutional investors and hedge funds are focused on short-term price movements.

Mr. Borden met Mr. Summers to discuss how much money a large institution should allocate to hedge funds.

But if the IEA's goal Thursday was to shake hedge funds and other financial investors out of the market, the move may have come too late.

In spite of a wave of floats and trade sales by hedge funds, only 13 per cent said they expected such a move in the next two years.

In London many small hedge funds cluster in Mayfair, far west of the City and Canary Wharf where the big banks camp out.

Their retreats have come in a changing landscape for hedge funds, pools of money that were once scarcely regulated at all.

One focus is whether expert-network firms leaked inside information to hedge funds and others, according to people familiar with the matter.

The hedge funds that own half or more of the German group would prefer to see cash returned to shareholders.

That may be so but the CSRC remains cautious on hedge funds, unsure as to quite how much risk they pose.

A few continental supervisors, led by the Germans, believe a set of "voluntary" rules for the hedge funds would be better.

In the long run, hopes for a more volatile yuan should tempt more hedge funds to dive into yuan trades, he said.

Prime brokers are trying to match their product offerings with the needs of hedge funds pursuing more complex trading activities.

Rising lease rates prefigured the last big move in gold back in the spring of 2007 just as the two Bear Stearns hedge funds were blowing up.

The cachet of investing in the best hedge funds meant a few celebrated managers were able to bargain for the longest lock-up periods.

Meanwhile, other hedge funds in New York and London are now trying to get collateral back from other groups, creating more pressures.

The only asset classes in which investors planned to increase their holdings over the next three years were hedge funds and private equity.

Regulators, meanwhile, looked the wrong way: they were far more worried by hedge funds than subprime mortgages. That tends to be typical.

After a year like this, the balance of power between hedge funds and their investors has undeniably shifted.

It's a gamble. The hedge funds are mostly new to Hollywood. They've been warned against trying to run a studio on the cheap.

It is impossible to be sure how much Greek debt hedge funds have bought.

This reportedly involves investment by two unnamed hedge funds, which will finance a revolving fund of up to $300m a year for filmmaking.

Furthermore, these traders continued to make money in 2008, a year when many banks and hedge funds gave back five years of returns.

Swiss court sided with the hedge funds, which had sued under a debt-collection law, but was overruled by an appeals court on a technicality.

Regulators are beginning to ask themselves whether hedge funds are adequately monitored through the supervision of the banking industry.

Volumes were exceptionally heavy as hedge funds, which had bid aggressively for IPO allocations, sought to turn a quick profit.

He said the Treasury was aware that "a number of hedge funds are now facing difficulty" and it was monitoring the sector closely.

Switzerland has long been a centre for hedge funds thanks to its private banks and rich individuals.

At the moment, brokers are trying to rein back the funding they provide to the smaller and weaker hedge funds.

In its report, GFMS said that there had been "a major move into the silver market by a number of hedge funds" .

'I don't see the risk of hedge funds being able to abuse the system, ' he said.

Financial speculation by hedge funds trying to exploit new markets, and panic-buying by importers, are making things worse.

In much of the rest of the world, access to hedge funds is usually restricted to the rich and to institutional investors.

"Today for hedge funds it's challenging . . . That community is not as regulated as other communities, and people are afraid, " he said.

All that hedge funds, and other speculative investors, needed to do was to buy bonds on yields greater than their cost of finance.

Hedge funds are not the only ones that have been burned by their activities in commodity markets recently.

Even the biggest of the hedge funds have only a few hundred employees, while the six banks employ 1m between them.

Hedge funds, always the most mobile of firms, are likely to be in the vanguard of any exodus.

Investment banks have become less disciplined in their dealings with hedge funds, the Bank for International Settlements will warn today.

To do this, they had to convince investors that the perception of hedge funds as a risky investment is no longer valid.

Funds and funds of hedge funds raced to market, ready to sop up all demand for investments deemed alternative.

Most hedge funds do not mandate posture, but partners often encourage one another to sign them, to protect both the firm and themselves.

After the meeting was reported, the Justice Department asked attending hedge funds to retain records of any euro-related trades.

The state governor, David Paterson, seems to take hedge funds' threats to pack their bags seriously, and now wants to scrap the tax.

So it seems rather odd that they should have signed up for hedge funds which charge annual management fees of 2% plus 20% of any returns.

One hedge funds manager said the average quantitative fund manager was down about 15 per cent in the first few days of August.

Hedge funds would not be able to profit by free riding if haircuts on Greek debt were made compulsory.

Investors are especially wary of going with smaller hedge funds these days at a time of increased demand for better risk management.

He is keen to emphasise it was one of the first asset managers among its UK peers to move into hedge funds 10 years ago.

Instead, I found a good balance between telling the story of hedge funds through tales and hard information.

"Hedge funds used to be set up by two guys in a back alley with a flashlight, " says one veteran.

It is possible for asset classes to be uncorrelated when they are small, as private-equity groups and hedge funds still were in the 1990s.

The European market had been confined to banks, hedge funds and the structured vehicles known as collateralised loan obligations (CLOs).

Mr. Sarkozy said he wanted Europe to set an example in regulating banks, hedge funds, tax havens and executives' pay.

The hedge funds they supervised lost their value in 2007. But jurors said there was no clear evidence that they meant to mislead investors.

These for-profit hedge funds look out for their own investors' interests and not that of investors in the stocks they trade.

It lured customers into two of its own hedge funds that were among the first to go bust in the current crisis.

[Hedge funds] have always been on the watch list of Chinese regulators so there's no urgency for them to open up the market.

FOR a state more closely associated with cattle and cowboys, Texas is home to a surprisingly big herd of hedge funds.

In recent years there has been a convergence of financial services involving private equity firms, hedge funds and investment banks.

Once the investor has decided the percentage of his portfolio to be allocated to hedge funds, the fund selection process can start.

Some are also trying to negotiate lower fees with the hedge funds they invest in.

But in the long term, it would be a good thing if they could not compete on pay with small private equity and hedge funds.

Stocks that had been widely held by hedge funds were some of the biggest decliners, including Bank of America, Dendreon Corp. and Lear Corp.

But it may also be that investors are more careless about choosing hedge funds than they should be.

The ambitious and the avaricious will no doubt seek more ex- citing hunting grounds with hedge funds and private equity groups.

Free-roaming hedge funds seeking tremendous yields have got used to this uneven treatment, and tried to price it in.

Several big hedge funds are about to fail, says the voice on the line, and there's likely to be chaos when the market opens.

The trading desks of major investment banks and hedge funds have long sought maths and physics talent to try to turn science into profit.

Brown said the final deal included agreement on tighter regulation of hedge funds, tax havens and the banking system.

Hedge funds and other large investors must also be closely monitored to ensure that they do not build up dangerous imbalances.

The pure pressure on women executives these life came into converge final hebdomad at a conference of the 100 Women in Hedge Funds group.

That would disappoint the hedge funds that have been driving up the price of the 9% of shares already quoted.

There had been fears that hedge funds would be less willing than banks to stump up rescue money in a crisis.

Had Fannie and Freddie been hedge funds, this strategy would have been known as a "carry trade" .

Had the bank run into financial difficulties, clients such as pension funds and hedge funds would have been at risk of losing their money.

Rumours the bank faced a cash squeeze led clients, including big hedge funds, to demand their cash balances back.

But over the long term, the participation of hedge funds has to be a good thing.

The RBA said hedge funds returned the same as local shares over the past five years, or 12% a year after fees, albeit with lower volatility.

If the cost of the protection rises to a certain level that would trigger a scaling back of Morgan Stanely commitments to hedge funds.

If the private-equity firm once memorably described as the "Barbarians at the Gate" [5] can turn into a tree-hugger, why not hedge funds?

Hedge funds may well have been selling their commodity positions to meet demands for cash from other parts of their portfolios.

Financial regulations on hedge funds and over-the-counter derivatives are expected to be discussed, Seoul officials said.

Are well-to-do but not wealthy Asians ready to evaluate hedge funds properly?

As a group, hedge funds were up in 2007 when the markets were down, and they lost only half as much in 2008 as the S& P 500.

The trick, practitioners believe, is to assure once-stung investors, especially hedge funds, that Britain is still a user-friendly place.

However, hedge funds currently play a limited, almost zero, role on the mainland, at least legitimately.

Sure enough, hedge funds have seen big cash inflows recently but they are not proving as safe as investors might have hoped.

With the enormous expansion in the number of institutional investors (those other than banks, such as hedge funds), all that has changed.

Many hedge funds are pure traders who buy debt cheaply and try to sell it as the price inches up, looking to make a quick buck.

But quant-based funds are not the only hedge funds that are positioned to potentially benefit from this investigation.

By focusing on the managers who run hedge funds, the system has so far avoided any major instances of fraud.

Privately , exchanges see opportunity in a well of discontent among some of the more profitable bank customers , particularly hedge funds .

And for many hedge funds, desperate not to let others see their plans, it is actively counterproductive.

Something like this indiscriminate selling has been affecting hedge funds over the past couple of weeks.

These issues are among the latest to have emerged as stock trading has become dominated by super-fast computer systems used by hedge funds.

What, I asked her, did she do if the long-only managers aspired to run hedge funds instead?

Most hedge funds do not regularly liquidate their entire portfolio, so they report unrealized gains to their investors and to the public.

Mr Byrne has started a lawsuit accusing hedge funds of colluding to drive down the company's share price.

The stellar hedge funds of the 1990s failed to make it to the top-ten this decade (see chart).

However, in the short term at least, the arrival of hedge funds is already having a significant impact on the way that business is done.

But a lot of that money came from big institutions like pension funds, hedge funds and mutual funds.

Hedge funds may trigger systematic risk, involved in insider trading and cheating if it is not properly regulated.

Many of the world's larger hedge funds have already begun to see net inflows from investors.

After the losses and redemptions of 2008, many hedge funds are trying to attract new capital.

They are putting money into a new generation of indices and hedge funds that yield strong returns even in a bearish market.

The transactions of Private Equity Investors and Hedge Funds are having a strong impact on the short term movements in the capital markets.

One might well describe investment banks as hedge funds backed by an implicit government guarantee.

It also rushed out a proposal forcing large investors, including hedge funds, to disclose their short positions.

Even hedge funds, supposed to make returns if markets go up or down, have had an awful time.

Let me make myself clear. I do not object to the existence of hedge funds.

At least 8 hedge funds run by billionaires are flat or down so far this year.

There is nothing improper about hedge funds jumping on the same trade unless it is deemed by regulators to be collusion.

Funds of hedge funds usually invest in between 30 to 50 hedge funds and exposure to the underlying portfolios is usually equally weighted.

'As far as I can tell, the hedge funds have not been able to fully exit the stock, ' Mr. Elliot said.

MANAGERS of hedge funds like to think of themselves as seers, skilled in predicting where the market will go next.

The poor performance of hedge funds may be one reason why more conservative investors are also getting defensive.

Slowly but surely, hedge funds are becoming like the old-fashioned asset managers they once aimed to usurp.

Sniffing out fraud and shorting its perpetrators has been a nice earner for Asia's hedge funds.

Dozens of subpoenas have reportedly been sent out to other hedge funds, mutual funds, banks and expert networks to gather more information.

So far, hedge funds have managed to avoid the worst of the fallout from the subprime market.

The SEC said at least 20 hedge funds in the U. S. and Europe received the letters.

The group of hedge funds with a presence on the ground in Asia includes the best-known American funds from Citadel to Fortress to SAC.

The increasing investor interest in alternative investments has resulted in a phenomenal growth in the number of hedge funds available.

In addition, he is expected to call for higher capital requirements for the country's biggest financial companies, including hedge funds.

As the sector grew, hedge funds became less a bet on an individual's skills, more a conventional run-of-the-mill fund.

Hedge funds may be able to rise above these costs; small investors will not.

Those who invested in hedge funds before 2008 recall bitterly how some of them "gated" investors, refusing to let them take out their money.

Experts say the spectre of a rapidly moving price has attracted the attention of hedge funds seeking to make a short-term speculative buck.

In hedge funds, as in life, there is rarely a get-out-of-jail-free card when you need one.

This is a PIMCO, BlackRock sort of thing, where some credit-oriented hedge funds will participate.

As the young man explained hedge funds, private equity, mezzanine finance, leveraged deals and short-selling, Mr Monks's eyes widened.

As European leaders focus on tax havens and hedge funds, it is hard to detect a sense of urgency in dealing with the wider crisis.

Financial advisers are often pushy in promoting hedge funds, which adds to the already high fees charged by the managers themselves.

If the final version of Volcker prevents banks from investing as much capital in hedge funds, start-ups may have fewer potential backers.

Hedge funds could be among the next problem areas.

This provision stops short of stricter proposals some European leaders have floated, calling for hedge funds to be regulated like banks.

It has not helped that hedge funds have been liquidating commodity positions.

US regulators have been campaigning for more information about hedge funds to be made available to investors.

Western investors pulled out of Asian hedge funds during the financial crisis, leading many to shut down.

That attitude might change if something were to go horribly wrong with hedge funds.

If large profits are made by free-riding hedge funds, Mr Kapoor believes, public protest is bound to follow.

Hedge funds offer very low risk in terms of fluctuation in value, and substantial returns above fixed-interest markets.

Among the big investors in this debt were Western hedge funds and investment banks' proprietary trading desks.

John Tiner, the regulator's outgoing chief executive, has made cracking down on market abuse by hedge funds and investment banks a priority.

Indeed, the British regulatory system (London is where most European hedge funds are based) has worked pretty well.

Western banks and hedge funds used Asia, particularly Japan, as an enchanted pool of money.

At current levels, hedge funds make up 5 per cent of the growth and balanced portfolios and do not appear in the income portfolio.

So far the markets have taken bad news in their stride, easily digesting the problems at two Bear Stearns hedge funds.

Even within its defensive stance, the bank's allocation to hedge funds stands at a high 18 percent.

The NPS breakfast is just one more indication of the extent to which hedge funds are paying increasing attention to Asia.

Hedge funds run by women have fallen only half as much during the financial crisis as those managed by men, research shows.

So far, investment managers and hedge funds say they have not been doing much in the way of official paring back.

If investors flee the money markets for Treasuries, banks will lose funding and the contagion will suck in hedge funds and companies.

To take just one salient contemporary example, the least that managers of private equity or hedge funds can earn is the management fee.

The low volatility observed in the markets for currencies, bonds and shares suggests that hedge funds have helped to stabilise the system.

But either way, the wave of requests is keeping money out of the market as hedge funds figure out their next moves.

Market-neutral hedge funds turned out not to be market-neutral and had to be unwound.

This consolidation may ultimately affect the returns that hedge funds will be able to achieve in the coming years.

However, the talks do indicate the value of activism by hedge funds or any other strident investor.

The big allocation comes as the Chinese fund stands poised to make a wave of investments directly into hedge funds around the world.

Take hedge funds: the crisis wiped out around a quarter of their assets and forced many mediocre ones out of business.

At the opposing end are the assets held in actively managed hedge funds with the goal of making a return relative to cash.

The result of this ingenuity includes "special purpose vehicles" , hedge funds and even, in some respects, private equity funds.

Lord knows, the Obama Administration is not going to bail out hedge funds, CDOs, private equity firms (Cerberus? ), or Donald Trump.

Hedge funds, private equity groups and other investors are increasingly looking to put money into the film business.

"Nobody likes the idea that hedge funds or anybody makes profits out of someone else's misery, " Ms Bowles says. "But what's the solution? "

On Monday, authorities raided three hedge funds as part of that probe.

Hedge funds , increasingly in need of a global platform, were deserting Bear's once proud prime brokerage franchise .

The G7 ministers also addressed the issue of speculative, largely unregulated international investments known as hedge funds.

Beyond the risk of a crash, hedge funds and private equity operators are driving the wrong brand of capitalism.

Banks can run hedge funds, and act as prime brokers to them, as long as they do not invest in them or alongside them.

One reason for this increased aggression may be the growing influence of shareholders whose patience is short, notably hedge funds.

Several hedge funds said much of the hiring has been from commodities trading adviser funds, which have been growing rapidly.

While hedge funds have been losing value, they have done so at a slower rate than UK equities.

Expert networks are firms that broker information by connecting corporate insiders with hedge funds and traders looking for an edge.

At the recent Group of Four European summit, she pushed ahead with a proposal to regulate hedge funds and tax havens.

After all, few of us ever deal with collateralized debt obligations, exclusive hedge funds or complex billion-dollar derivative products.

Slowly but surely, hedge funds are becoming like the old-fashioned asset managers they onceaimed to usurp.

A great appendix charts the relative performance of several of the most famous hedge funds over the years.

He is a trip into the years of Texas oil businessman, 10 years ago quietly launched its own hedge funds.

More Money than God, published in 2010, has quickly gained status as one of the definitive histories and descriptions of hedge funds.

As well as personal financial planning , tax havens provide services to companies , hedge funds, investment trusts and unit trusts .

If some traders left weaker banks to join unguaranteed hedge funds, so much the better for the taxpayer.

Cheap leverage made it all the easier for big hedge funds to dominate daily market movements.

HEDGE funds are fundamentally evil and there is no way to view them in any other light.

First, lots of hedge funds took a "bottom-up" view which led them to think equities were cheap.

Commodities traders and hedge funds with long experience have been joined by less expert sorts, including pension funds and individuals.

Most other books provide some caveats about hedge funds, and I fault McCrary for failing to do so.

The victims of my scheme included individuals, charitable organizations, trusts, pension funds and hedge funds.

Hedge funds used to celebrate their ability to rake in "absolute returns" no matter the economic environment.

At times of violent market declines, politicians around the world have blamed hedge funds for exaggerating the moves.

So far, mutual funds such as Janus (JNS) and Wellington have been subpoenaed, as well as hedge funds including SAC Capital and Citadel.

As with private-equity groups and hedge funds, the anxieties owe less to reality than to a mix of secrecy and suspicion.

Hedge funds can no longer get cheap credit lines from banks, and many special investment vehicles and conduits have virtually collapsed.

Among the big-money players, hedge funds are moving even faster than usual to quit their positions.

Banks would bear two-thirds of the losses, it said, with insurance companies, pension funds, hedge funds and others taking the rest.

Wealth managers have been sheltering more of their clients' money in hedge funds in recent months, to escape the shaky equity markets.

The ECB has been among the global financial institutions most vocal in warning about possible risks created by hedge funds.

In fact, hopes about China's rising demand is helping make uranium into a commodity traded by hedge funds and other investors.

Hedge funds, he added, were particularly active at the moment.

Registration is mandatory, but there is no difference between the processes for hedge funds and mutual funds.

Investment banks have reduced their proprietary trading operations while hedge funds no longer have ready access to credit.

Then every Greek bondholder, including hedge funds, would be forced to write down the value of their bonds and suffer losses.

It could be from macro hedge funds or other governments keen on the Japanese currency.

Bear also suffered the embarrassing collapse this summer of two mortgage-related hedge funds run by its asset management unit.

Hedge funds are mobile, however, and more likely simply to move their offices out of New York to escape the tax.

The SEC also is working on a rule that would require investors, including hedge funds, to disclose their short positions to the SEC.

That was the era when aggressive mutual funds flourished and hedge funds became well-known investment vehicles.

The hedge funds will also bring more liquidity to the markets of Asia, even as they chase the higher returns that stem from that growth.

So far some $760 billion has been written down by the banks, insurance companies, hedge funds and others that own the debt.

They include banks and hedge funds that have acquired credit-default swaps(CDSS), the cornerstone of the market.

With hedge funds facing redemptions and using much less leverage, mutual funds may now be picking up the baton.

During the credit bubble, even small hedge funds made speculative bets by selling big banks insurance protection on mortgage-backed bonds.

In the last two weeks of October he saw more people who wanted to set up hedge funds than in the previous two months.

China would be better advised to invest its money quietly in hedge funds, private equity or funds that track an index.

The trading desks of those banks will be operating in the same markets as the hedge funds and often taking the same positions.

Citigroup's management believes that hedge funds for the air operation is the recent sharp share price dive .

And critics, including hedge funds that short stocks, warn that some firms may be going private primarily to avoid scrutiny.

Hedge funds and others are trading derivatives at a furious pace, providing a further lift to the banks' prime-brokerage businesses.

Goldman has focused on building the hedge funds it runs in an effort to generate more fees and offer more variety to clients .

Hedge funds have suffered some stormy years in their traditional stomping grounds of New York, Greenwich and London.

GAM has about three-quarters of its money invested with hedge funds it first invested with during their first year of operation.

Under the proposed rule, commercial banks would be prohibited from owning, investing in or advising hedge funds or private-equity firms.

Volcker allows banks to invest up to 3% of their Tier-1 capital in prop trading, hedge funds and private equity.

But some hedge funds have been shorting First Solar on the basis that plummeting prices for normal cells will undermine its advantage.

It is because this write-down would be voluntary on the part of bondholders that hedge funds have found an opportunity.

J. P. Morgan estimates macro hedge funds and currency managers hold about a fifth of the exposure they had at the height of the trade.

"In part, this high share reflects the regulatory regime, which does not limit retail access to hedge funds, " the RBA writes.

It is not just hedge funds that have been trimming their bets against the dollar.

Goldman Sachs and Renaissance Technologies were also affected as performance at quantitative hedge funds reflected volatile markets.

Prop desks are a small part of most firms' activities and the same is true of banks' investments in private equity and hedge funds.

This may push proprietary traders out of banks and into hedge funds, where they properly belong.

According to Tony White of Climate Change Capital, all the money for the first came from hedge funds, which like risk.

Many hedge funds are likely to suspend dealings with these firms while details of the investigation are sorted out.

Last week, the Justice Department announced charges against the two men who led the hedge funds, Ralph Cioffi and Matthew Tannin.

Hedge funds crave new investments to make up for losses and withdrawals they've suffered.

Hedge funds are being forced to sell their best assets to meet their debts, adding to the air of crisis.

If you're seriously considering a career in hedge funds, this book can help you secure a position in this profitable field.

While officials love to demonise the hedge funds, perhaps the only thing worse than their presence is their absence.

Lobbyists for hedge funds want the threshold raised to a half and foreign and public pension-plan money removed from the cap.

Under similar pressure, hedge funds and private equity firms came up with guidelines, but these initiatives remain regional in scope.

It doesn't help that many big Western hedge funds are accustomed to asking for tens of millions of dollars at a time.

The field has benefited from growing interest in "alternative" investing (which also includes hedge funds, private equity and commodities).

Hedge funds and other investors made bundles of money in the 1990s betting currency pegs around the world would break.

US households, hedge funds, banks and private pension funds have increased their Treasury holdings in the past two years (see chart).

Goldman bought out Messrs . Winkelried and Palm from a number of employee funds that were invested in private-equity and hedge funds.

Hedge funds today are borrowing less than $1 dollar for every dollar of assets, in part because banks have curtailed lending.

Hedge funds and others are trading derivatives at a furious pace, providing a lift to the banks' prime-brokerage businesses.