Cheyne Capital Management, a London-based independent hedge fund manager, may be forced to liquidate some assets to repay its creditors.
London & Capital Investment Advisors Inc. of Miami, the U.S.-based unit of London & Capital PLC, today announced its plan to launch a range of alternative absolute return investment strategies.
The second-quarter inflows pushed industry assets to an estimated $1.67 trillion.
Shaky market conditions in August bit off 8% of Tudor Investment Corp.’s Raptor Global Fund, according to Reuters.
Purchases of existing homes in the Unites States slipped 0.2% in July, the fifth consecutive monthly decline, according to the National Association of Realtors.
S.A.C. Capital Advisors, the world's most expensive hedge fund manager, joined the majority of hedge funds that lost money in the first two weeks of August, posting a 6% drop in its multi-strategy fund, according to an investor.
Major losses at prominent hedge funds are causing pension fund managers to second guess hedge fund investments.
New York Life Insurance Co. has named Steven Lash as senior vice president of the corporate finance department and Richard Witterschein as the company’s new first vice president and treasurer of the department.
A federal judge refused to allow investors to seize the assets of two hedge funds of Bear Stearns' for 10 days, but indicated he is considering lifting the funds' U.S. bankruptcy protections.
Institutional investors have put more money into global strategies since the start of the year, but retail investors and their financial advisers so far seem to be behind the curve.
Despite a surge in popularity among investors, target date mutual funds continue to operate without adequate benchmarks to help financial advisers evaluate whether their performance is up to snuff.
CHICAGO — While income annuities are the most cost-effective way to provide income at retirement, investors are reluctant to purchase them, according to a new study.
PHILADELPHIA — After years of looking after the back-office needs of its mutual fund and exchange traded fund clients, ALPS Fund Services Inc. is itself getting into the advisory business.
IRVINE, Calif. — Market turmoil could create some pretty unhappy closed-end-fund investors and put a damper on the closed-end-fund-underwriting business. At the same time, professional closed-end-fund investors said that they are still buying their favorite issues, which now trade near historically large discounts to net asset value.
Bond fund manager Bill Gross said the subprime-mortgage crisis merits a swift federal response.
Blackstone Group claims its yearly tax tab would increase by $525 million under legislation proposed in the Senate.
The founder and managing director of Pacific Investment Management Co. is buying debt of investment banks.
Two insurance associations want the NGA to support legislation creating an optional federal charter for insurance regulation.
Goldman Sachs's Global Equity Opportunities hedge fund gained 12% last week after the firm injected it with $3 billion in cash.
GLG's European Long-Short, with more than $2 billion in assets, lost 4.4% in value during the first 10 days Of August.
