Indie 100

Tabela dos 100 maiores consultores financeiros independentes nos EUA.

Renaisssance

O Fundo Renaissance do James Simons caiu 8,7% em Agosto.

Outro ranking

Mais um ranking de hedge funds, desta vez da Institutional Investor.

GAS, Opportunity e Geração Futuro

Artigo do Valor Econômico de hoje sobre estes fundos.

 

 

Spam: Asia

Artigo do site da Alpha Magazine sobre Investimentos na Ásia. “Nada substitui o conhecimento local” – será que o mesmo é válido para o Brasil?

Ranking dos 25 maiores hedge funds da região.

 

 

Novas mudanças - RMF

McGrath to Retire From Man Group

By Bill McIntosh, Senior Financial Correspondent   |  Friday, July 27, 2007

LONDON (HedgeWorld.com)—The final flourish in an end-of-the-era year for Man Group plc took place today [July 27] when Harvey McGrath, the non-executive chairman, announced that he is to retire on Sept. 1. Mr. McGrath, 55, joined Man in 1980 when it was primarily a soft commodities trader known as ED&F Man Group plc—a business that had been founded by James Man 200 hundred years earlier. Mr. McGrath rose through the group, becoming chief executive in 1990, and led the broker, with a small but growing hedge fund business, to a public listing in 1994. The announcement of Mr. McGrath's departure comes just days after Man floated 80% of its brokerage arm, MF Global Ltd., for $2.9 billion in the United States Previous HedgeWorld Story. And it follows just months after the resignation of Stanley Fink, the chief executive since 2000, when he was replaced by Peter Clarke in April. Mr. McGrath recruited Messrs. Fink and Clarke and was responsible for promoting them through the business. His resignation was preceded by that of Kevin Davis, the CEO of MF Global, who left Man's board when the brokerage listed July 19. The new non-executive chairman is Jon Aisbitt, a non-executive director since 2003, and a former partner and managing director of investment banking in the United Kingdom at Goldman Sachs. Mr. Aisbitt, 50, retired after 20 years with Goldman in 2002 following a four-year stint as chairman of the investment bank's Australian operation, where he led a team advising the federal government on the 2001 privatization of Telstra, the national telecoms operator. With the spinoff of MF Global, Mr. McGrath is understood to believe that the time is right to step back and concentrate on philanthropy. Although a non-executive chairman since 2000, Mr. McGrath remained an active member of the management team and often represented Man to the media and investors. He also served as the public face of the group in presenting on live television the annual Man Booker Award for fiction and the Man Booker International Award for fiction translated into English. The group undertook the £1 million annual sponsorship of the literary gala in 2002 and last year agreed to a five-year extension of its involvement to 2011. Ultimately, however, Mr. McGrath's legacy will be his vision in overseeing Man's expansion into the hedge fund sector in the late 1980s. The first hedge fund the group set up—Mint—could be plausibly interpreted as a prophecy for the significant sums investors in Man Group would eventually make from its IPO. The experience with the early quant fund helped Man and Mr. McGrath to recognize the opportunity that investing in AHL might afford in 1992. Mint was eventually shut down but Man acquired all of AHL and the quant fund now has assets under management of $17 billion. Man, through such later acquisitions as RMF and Glenwood as well as organic growth, now has $70 billion under management. The group also announced two new non-executive directors with asset management backgrounds. Joining is Phillip Colebatch, 62, who rose through his career to the executive board of Credit Suisse. He was most recently a member of the executive board and group executive director and division head of capital management and advisory at SwissRe. Also joining the board is Patrick O'Sullivan, 58, a chartered accountant who served on the group management board and as chief growth officer at Zurich Financial Services. Both men begin duties on Sept. 1. Under Mr. Clarke and the new management team Man is evolving its investment offering. A group already with no real peer in the hedge fund industry for marketing and distribution, Man is looking to drive additional sales by expanding into new areas, particularly Japan and Australia, which have emerged as big markets. It is also looking to develop a team of intermediaries in Hong Kong and eventually China, while limbering up for a push to boost its presence in the United States.

 

Maiores Fundações Americanas

Artigo sbre as maiores fundações administradas por gestores de hedge funds (aposentados ou não). As fundações de George Soros e Julian Robertson aparecem na lista. Tem uma que até se chama Robin Hood Foundation!!!

 

Spam: Transformação

Em vista da elevada competitividade no segmento Long Short, cada vez mais os hedge funds estão se voltando para investimentos em Ventura Capital, preferencialmente em empresas que já estão nos últimos estágios, prontas para abriri o capital ou serem adquiridas.

Holanda

As novas regras fiscais holandesas favorecem a instalação de hedge Funds no país pois isentam de imposto de renda e de dividendos as companhias operando como VBIs, sendo portanto, tão atraentes quanto as leis de Cayman e Luxemburgo.

 

Crédito Mais Difícil

Os bancos de investimento estão elevando as margens dos empréstimos concedidos a hedge funds.

 

A Fogueira das Vaidades

Artigo do Tom Wolfe, mais conhecido pelo livro do título...

Clonagem

Artigo sobre clone de hedge fund.

 

 

Nem tão independente...

Artigo sobre a independência das empresas de pesquisa.

Vida Secreta

Ótimo artigo sobre a vida dos advogados que trabalham para hedge funds.

Macquaire

Problemas com os fundos geridos pelo Macquaire Bank.

 

Outro fundo da Bear Stearns...

… fazendo água…

 

Lehman compra Rio Bravo

Link para artigo do Valor Econômico.