Three former Macquarie Group Ltd. quantitative strategists have started a hedge fund with the backing of Ascalon Capital Managers Ltd. to invest in global equities using computer-trading models.
Dubai investment firm Istithmar World may be the first sovereign wealth fund to liquidate after a $27bn spending spree financed largely with borrowed money, according to a report by Bloomberg.
Announcement of Allianz Global Investors Fund Management LLC (Press Releases)
Allianz Global Investors Fund Management LLC ("AGIFM"), investment manager to PIMCO High Income Fund (NYSE:PHK) (the "Fund"), announced today that effective November 13, 2009, the Fund's non-fundamental investment policy regarding minimum investment in below investment grade securities will be revised.
Banks should not be allowed to own hedge funds or equity funds and their trading activity should be limited, former Federal Reserve Chairman Paul Volcker said in an interview with Il Sole 24 Ore on Thursday.