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November 17, 2006
James Chanos, on his rationale for shorting companies that are being investigated.
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November 17, 2006
Anchorage Capital Group, a hedge fund firm launched three years ago by Goldman Sachs bank debt honchos Kevin Ulrich and Tony Davis, is due to launch a quantitative structured credit fund this month, according to a Goldman cap intro document.
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November 17, 2006
A panel of advisors to high-net-worth and family office investors clashed over the benefits of investing in funds of funds.
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November 17, 2006
A cadre of hedge funds has taken large equity positions totaling about 69% in Owens Corning, which recently emerged from bankruptcy.
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November 17, 2006
Fortis Investment Management's acquisition of a 70% stake in Cadogan Management has given the fund of funds extra resources to go after hedge funds in Asia and Europe, reports AIN sister publication Money Management Letter.
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November 17, 2006
The $1 billion Tulare County (Calif.) Employees Retirement Association will take a closer look at its hedge fund portfolio next summer to see whether it should increase its 5% allocation, reports AIN sister publication Money Management Letter.
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November 17, 2006
Renowned short seller James Chanos cautioned the long-only crowd against so-called "value traps," which are stocks that appear to be undervalued but that in reality are going nowhere and should be shorted.
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November 17, 2006
Florham Park, N.J.-based GSC Group has launched a multi-strategy credit hedge fund, according to a Goldman Sachs cap intro document.
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November 17, 2006
London's Horseman Capital Management launched its third strategy, a long/short emerging markets fund, on Oct. 1.
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November 17, 2006
ICBI held the GaimInvest 2006 conference last week at the President Wilson Hotel in Geneva. Discussions included a debate about the merits of niche versus multi-strategy funds, as well as the benefits of funds of funds for private investors.
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November 17, 2006
Investors criticised some funds of funds' handling of the recent debacle surrounding Amaranth Advisors--the giant 'multi-strategy' hedge fund which lost big in natural gas bets.
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November 17, 2006
Stockholm-based Informed Portfolio Management is considering developing a long/short fundamental indexation fund. The firm is rolling out a series of long-only offerings in this space, linked to fundamental indices.
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November 17, 2006
An occasional column by Logan Short, an astute industry observer. He can be reached at lshort@iinews.com.
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November 17, 2006
Lockheed Martin Investment Management Co., which oversees the aerospace and tech concern's $25 billion defined benefit pension plan, could increase its alternatives allocation fourfold, to 25% from 6%.
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November 17, 2006
MD Sass, the $8 billion colossus run by Martin Sass, has made additional hires as part of its overall expansion.
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November 17, 2006
The Managed Funds Association's political action committee gave $76,000 to Congressional candidates this month's election, placing a heavy emphasis on members of the House Financial Services Committee.
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November 17, 2006
Eton Park Capital Management, the giant hedge fund firm run by Eric Mindich, has taken a position in Bristol-Myers Squibb (BMY).
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November 17, 2006
Nabi Biopharmaceuticals is content to have settled its dispute with Third Point, the activist hedge fund firm run by outspoken manager Daniel Loeb.
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November 17, 2006
The hedge fund industry last week descended once again on the President Wilson Hotel in Geneva for the annual GaimInvest conference.
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November 17, 2006
Much of the debate at GaimInvest concerned the value of niche versus multi-strategy funds, and many investors came out favouring niche offerings.
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November 17, 2006
Parex Asset Management, the €1.1 billion fund management arm of Latvian banking firm Parex Group, is making its first foray into private equity.
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November 17, 2006
Peter Gerlings of New England Pension Consulting said that the more frequently a pension fund's trustee board meets, the worse its investment decisions are.
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November 17, 2006
Steel Partners, the activist hedge fund firm run by Warren Lichtenstein, has increased its position in The Brink's Company.
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November 17, 2006
All but one of Vega Asset Management's beleaguered hedge funds posted positive returns last month, but in most cases still remain deep in negative territory for the year.
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November 17, 2006
Jordan Asset Management, a White Plains, N.Y., hedge fund firm, is seeking seed capital as it prepares to open its long/short fund to outside investors.
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November 16, 2006
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November 16, 2006
New York private equity firm MatlinPatterson Asset Management is preparing its first hedge fund, a global distressed offering that will dovetail off its existing strategy.
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November 16, 2006
The table below displays some of last month's top performing long/short managers, according to data
provided by Eurekahedge.
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November 16, 2006
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November 16, 2006