Moody's Investors Service has upgraded the senior unsecured debt ratings for Goldman Sachs Group Inc. to Aa3 from A1 after a three month review. In a press statement accompanying the rating action on Friday, Moody's described Goldman as having "excellent
Hedge funds were down 3.2 per cent in July, according to the Hennessee Hedge Fund Advisory Group, which advises individuals and institutions on over $1 billion in assets. The figure covers funds in the Hennessee Hedge Fund Index. Though hedge
Summit Systems, an STP solutions provider, has formed a strategic alliance with the investment management firm. CoVision Capital Group to create a full featured investment platform specifically geared to hedge funds. The platform, which aims to offer hedge funds integrated
The UK Charity Commission has authorised the establishment of a new Common Investment Fund for charities to be managed by Cazenove Investment Fund Management Limited under advice from Fauchier Partners. This CIF will invest in a diversified portfolio of around
Baring Asset Management (BAM) says it is adopting the Reech RiskHedge system for the Baring Hedge Select Fund to improve the transparency of investment portfolios within their fund of hedge funds. "Trustees prefer the funds of funds route when investing
Trafalgar Capital, the St James's based hedge fund manager run by Chris Aarons and Nick Cremin, today announces the appointment of Richard Szwagrzak as Chief Financial Officer and Chief Operating Officer. Mr. Szwagrzak is expected to build on Trafalgar's existing
Man Group, the hedge fund manager, said it took in a further $1 billion of funds in the second quarter, with funds managed by Man Investment Products rising from $10.7 billion at the end of March to $11.9 billion at
Global Investment Advisors Limited ("GIA"), a London based investment management firm owned by Integrated Asset Management and specialising in global fixed income fund management and alternative investment strategies, announced today that it had launched the GAIM Market Neutral Fund Limited
State Street confirmed today that it has agreed to acquire International Fund Services (IFS), the hedge fund accounting and administration business headed by CEO Jim Kelly. The announcement, long expected, follows the example set by BISYS in buying Hemisphere and
The Bank of New York (BNY) announced today that it was extending its hedge fund accounting and administration services to include US hedge funds. With the addition of a domestic capability, BNY says it can now offer its clients a