A group of the world's largest hedge funds are planning to sue the Financial Services Authority for millions of pounds of losses allegedly resulting from the regulator's ban on short selling, according to a report in the Sunday Telegraph.
Baltimore-based Legg Mason is weighing a privatization move that could include one or two private-equity investors, with Kohlberg Kravis Roberts & Co. being one of the interested parties, the New York Post reported.
In a year of seemingly endless bad news for hedge funds, many hedge-fund-of-funds managers, especially institutionally focused firms, actually thrived.
Hedge funds and other large investors would have to disclose their short positions under an emergency rule asked for by Securities and Exchange Commission Chairman Christopher Cox.
A ban on the short-sale of financial stocks put into effect today by Britain’s Financial Services Authority today was criticized by the U.S. trade group that represents hedge funds.
The rocky financial markets of 2008 have taken a toll on hedge funds, with liquidations up and new fund launches down, according to the latest data from HFR Group LLC in Chicago.
Housing starts fell 6.2% last month from July to a seasonally adjusted annual rate of 895,000 units. That is 33.1% below the figure reported in August 2007, according to a report that the Department of Commerce released this morning.
Median prices of single family homes rose 0.9% in July from June, but they’re still down year-over-year by 11.4%, according to the July Home Price Index report released today by Denver-based Integrated Asset Services LLC.
The appeal of alternative-investment strategies is becoming increasing apparent to traditional money management firms trying to capture a piece of that market, according to the latest research from Cerulli Associates Inc. in Boston.
The asset management arm of JPMorgan Chase & Co. held the top spot in a ranking of assets managed by hedge funds, with $48.1 billion as of July 1.
Raymond James & Associates Inc. analyst Paul Puryear downgraded homebuilder Toll Brothers Inc. to market perform from outperform today.
Luxury homebuilder Toll Brothers Inc. posted a loss and a 27% decline in net new-home orders in its fiscal third quarter.
The Morgan Stanley Real Estate Fund VII Global will invest at least $1.46 billion in China over the next few years.
Janus Capital Group Inc. today launched Janus Adviser Modular Portfolio Construction Fund (JSMPX), a fund of funds.
U.S. construction spending slipped 0.6% in July to a seasonally adjusted annual rate of $1.084 trillion, its lowest July level since 2004.
Despite consistently having generated above-average returns during much of the past six years, industrial real estate investment trusts, especially those with a global reach, are slipping along with the economy.
Five firms are said to have expressed interest in buying a stake in Lehman's investment management business.
An index covering all nine U.S. census divisions fell 15.4% compared with the year-over-year decline of 14.2% in the first quarter.
Sales were up 3.1% from June, but down 13.2% from the same month a year ago, according to NAR.
The funds gained some momentum during the quarter ended June 30, but are still struggling, according to HFR.
