Shares in Merrill Lynch & Co. were up yesterday following a report in the Boersen Zeitung newspaper in Germany that UBS may buy the company. UBS denied the report. Merrill has been the subject of speculation about its future for
James I. Midanek and John D. Pak have formed Midanek Pak Advisors, LLC an independent investment advisor firm specializing in high grade fixed income investment management and risk management consulting. Midanek and Pak are best known as the former managers
The Fimat brokerage group part of Socit Gnrale announced today that it had set up a new Financial Services Group (FSG)in new York. The plan is to increase the Group's presence in alternative investments. A team led by Stephan Solomon
Liberty Ermitage Group, the $2.3 billion hedge fund company owned by the Liberty Standard Bank group of South Africa, today announced the launch of a new Swedish Krona (SEK) currency class of its $300m Asset Selection fund of hedge funds,
Platinum Capital Management has announced the launch of the Platinum Washington Fund Ltd, an equity long short hedge fund it is making available to qualified investors. The new Fund, launched today, seeks to maximize capital appreciation while minimizing risk by
It is not just the investment services industry which is suffering from falling stock markets. The number of millionaires in the United States is also shrinking, says a new study from NFO WorldGroup, a marketing information company based in Greenwich,
Man Investment Products launched another capital guaranteed product today, but with a novel twist the Man IP 220 Series 4 Ltd guarantees investors the return of at least 120% of their initial investment at maturity. The Guarantor, Lloyds TSB Bank
Bloomberg reported today that Jupiter Asset Management is aiming to become a $1 billion hedge fund company within five years by developing in house managers and starting new funds. Currently, Jupiter has just $170 million in four hedge funds, but
Asian hedge funds held up better than their US and European counterparts in the market turmoil of July, with all of the Bank of Bermuda AsiaHedge indices still positive for the year. The median fund in the Bank of Bermuda
Charles Gradante, managing principal of hedge fund advisors Hennessee Group, hit back fiercely today at critics of hedge fund investing. "Contrary to general opinion," HE thundered, "hedge funds are not in control of this bear market, nor are they a