In a report revealing the health of the hedge fund sector, JPMorgan (NYSE:JPM) and Goldman Sachs (NYSE:GS) were found to still be the top prime brokers to the hedge fund industry.
For 2010, hedge funds gained $56 billion in net inflows, according to the report, a record for the industry.
According to Hedge Fund Research, hedge funds assets grew by $149 billion in the fourth quarter to $1.917 trillion. The previous record for a quarter was $140 billion.
The assets held at the end of the quarter fell just shy of the $1.93 trillion record set in the second-quarter of 2008.
For all of 2010, net inflows reached $55.5 billion, the highest total since 2007. In the fourth quarter of 2010 investors put $13.1 billion to work via hedge funds.
Goldman and JPMorgan accounts for almost 50 percent of the market.
Showing posts with label Hedge Funds. Show all posts
Showing posts with label Hedge Funds. Show all posts
Friday, April 8, 2011
Thursday, December 9, 2010
Citigroup (NYSE:C) Starting Hedge fund Consultation Service
Citigroup (NYSE:C) said today it is launching a hedge fund consulting service to it prime financial business.
Sandy Kaul, head of U.S. operations for the business advisory practice said, “A lot of the traditional clients that we have at Citi’s prime brokerage are facing new challenges around their organization, operational and technology maturity. There’s a whole new level of depth around the scrutiny that’s being put into the evaluation of allocating to a hedge fund.”
Prime brokers usually consult with smaller companies, which seems to point to a legitimate opportunity and potential profits from an underserved market.
Citigroup is targeting hedge funds with minimum assets of $3 billion.
Part of the service will be to help hedge funds to properly register and to help them transfer costs to their clients through a fee structure.
Sandy Kaul, head of U.S. operations for the business advisory practice said, “A lot of the traditional clients that we have at Citi’s prime brokerage are facing new challenges around their organization, operational and technology maturity. There’s a whole new level of depth around the scrutiny that’s being put into the evaluation of allocating to a hedge fund.”
Prime brokers usually consult with smaller companies, which seems to point to a legitimate opportunity and potential profits from an underserved market.
Citigroup is targeting hedge funds with minimum assets of $3 billion.
Part of the service will be to help hedge funds to properly register and to help them transfer costs to their clients through a fee structure.
Monday, November 22, 2010
Three Hedge Funds Raided by FBI Over Alleged Insider Trading
Diamondback Capital Management LLC and Level Global Investors LP, both based in Connecticut, and Loch Capital Management LLC, based in Boston, were raided by the Federal Bureau of Investigation on allegations of insider trading.
Richard Kolko, an FBI spokesman, said this: "The FBI is executing court-authorized search warrants in an ongoing investigation."
Loch has assets valued at $750 million as of January 1, 2010; Level Global has about $4 billion in assets; and Diamondback has approximately $5 billion in assets under management.
Some people close to the situation say this could be just the beginning, and there could be more firms named and investigated in the future.
They asserted this will probably be the largest investigation related to insider-trading, which will include investment bankers, consultants, mutual fund investors and hedge fund traders.
Richard Kolko, an FBI spokesman, said this: "The FBI is executing court-authorized search warrants in an ongoing investigation."
Loch has assets valued at $750 million as of January 1, 2010; Level Global has about $4 billion in assets; and Diamondback has approximately $5 billion in assets under management.
Some people close to the situation say this could be just the beginning, and there could be more firms named and investigated in the future.
They asserted this will probably be the largest investigation related to insider-trading, which will include investment bankers, consultants, mutual fund investors and hedge fund traders.
Friday, June 18, 2010
NovaGold Resources (NYSE:NG) Soars on Gold Prices
Although well off its 52-week high of $9.18, NovaGold Resources (NYSE:NG) was among the gold mining leaders on Friday, surging to close at $7.36, a $0.45 gain, or 6.51 percent.
NovaGold attained its high at the beginning of May.
Hedge fund managers John Paulson and George Soros have both expressed deep interest in the company, investing at least $175 million combined in the gold mining company, with Paulson's hedge fund investing $100 million.
NovaGold holds large stakes in Donlin Creek and Galore Creek, both holding huge reserves of gold, which the company now has the money to develop with its partners.
NovaGold attained its high at the beginning of May.
Hedge fund managers John Paulson and George Soros have both expressed deep interest in the company, investing at least $175 million combined in the gold mining company, with Paulson's hedge fund investing $100 million.
NovaGold holds large stakes in Donlin Creek and Galore Creek, both holding huge reserves of gold, which the company now has the money to develop with its partners.
Tuesday, June 1, 2010
John Paulson's Gold Investments Mixed in 2010
Kinross Gold (NYSE:KGC), SPDR Gold Trust (NYSE:GLD) and Anglogold Ashanti (NYSE:AU) are all part of the massive gold holdings of hedge fund manager John Paulson, and so far in 2010 they haven't done a lot to increase the value of the fund, although Anglogold and the SPDR Gold Trust have helped some over the last six months, at least generating gains during that time.
Although that is the case so far, the gold miners are poised to take off, along with gold prices in general, as they've lagged behind the price movements of gold for some time, and signs are there showing that has began to change.
As far as the numerous gold holdings of Paulson, they should contribute strongly to his fund over the rest of the year, and it'll be surprising if he doesn't have positive returns for the third year in a row.
Rumors are so far he's down by close to 3.3 percent for the year.
Although that is the case so far, the gold miners are poised to take off, along with gold prices in general, as they've lagged behind the price movements of gold for some time, and signs are there showing that has began to change.
As far as the numerous gold holdings of Paulson, they should contribute strongly to his fund over the rest of the year, and it'll be surprising if he doesn't have positive returns for the third year in a row.
Rumors are so far he's down by close to 3.3 percent for the year.
Saturday, April 10, 2010
NovaGold (AMEX:NG) Positioned for Strong Growth
NovaGold Resources Strong Future
Although the current resources of NovaGold (AMEX:NG) haven't been inspiring to investors, those they hold with future potential definitely are, which is why hedge fund investors John Paulson and George Soros made significant investments in the company.
Total investment from the two hedge funds totaled $175 million, and that doesn't include other investors with interests in the gold miner.
Investors with a long term outlook know the extraordinary value in Novagold, as evidenced primarily from their Donlin Creek and Galore Creek projects, which are considered among the largest of any gold projects in the pending development stage in the world.
Novagold is another undervalued gold mining company with not only the two project mentioned above as part of their future, but others as well.
The company has also made quality partnerships with companies like Barrick Gold (NYSE:ABX) and Teck Resources (TSE:TCK-B), along with the financing deals, showing they have a great plan in place and are getting the right partners and financing to go forward with confidence and success.
Although the current resources of NovaGold (AMEX:NG) haven't been inspiring to investors, those they hold with future potential definitely are, which is why hedge fund investors John Paulson and George Soros made significant investments in the company.
Total investment from the two hedge funds totaled $175 million, and that doesn't include other investors with interests in the gold miner.
Investors with a long term outlook know the extraordinary value in Novagold, as evidenced primarily from their Donlin Creek and Galore Creek projects, which are considered among the largest of any gold projects in the pending development stage in the world.
Novagold is another undervalued gold mining company with not only the two project mentioned above as part of their future, but others as well.
The company has also made quality partnerships with companies like Barrick Gold (NYSE:ABX) and Teck Resources (TSE:TCK-B), along with the financing deals, showing they have a great plan in place and are getting the right partners and financing to go forward with confidence and success.
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