Institutional Investor's Hedge Fund Daily
(excerpted)
January 18, 2006
ABN Amro is about to nearly triple its AUM in hedges with the acquisition of International Asset Managememt. Meanwhile, Cerberus Capital
Management is suing a Japanese newspaper chain for slander, while, in a different matter, USA Today tries to link the hedge fund to
influence peddling with Jerry Lewis (no, not that Jerry Lewis). Finally, could a controversial soccer team deal curse its hedge
fund investors? Read on.
Stuart Wise, Senior Editor
BRIEFLY
- The HFRI Fund of Funds Composite Index was up 1.78% in December and finished the year at 7.33%. Best performer: Strategic Index at 10.26%.
- Dow Jones has added premium content to its Dow Jones Hedge Fund Strategy Benchmarks.
- Hedge fund compliance with upcoming Securities and Exchange Commission e-mail retention requirements boosted HF buys of LiveOffice Corp. e-mail archiving system by 70% in the fourth quarter.
- Private equity was the best performing asset class last quarter at European pension giant PGGM, returning 8%.
- Mellon Financial has rejected a plan by hedge fund Highfields Capital Management to spin off either its asset management or servicing businesses.
- Private equity funds raised nearly 500 million (US$604.8 million) in new capital in Bulgaria last year, with an average annual return of 9.5%.
