Others either operate funds-of-hedge-funds (Goldman Sachs) or have set up separate hedge-fund arms (Gartmore and less successfully of late Bear Stearns).
ARK, a charity set up by a hedge-fund dealer, will join it in 2008.
ECONOMIST: Going beyond the call of duty to get good teaching
Many stocks have been riding their 8- and 21-day moving averages, giving me conviction to maintain a portfolio approach with a hedge of fluctuating size based on the set-up.
Regardless of whether Ms Jowell has done anything wrong, she has been damaged by the picture that has emerged of the world her husband inhabited, one in which raising multiple mortgages to invest in hedge funds or earning large fees to set up exotic tax-avoidance schemes was perfectly normal.
Arthur DiRocco, Amaranth's treasurer, led nine employees to Merrill Lynch (nyse: MER - news - people ), where they have set up a new subsidiary, Hedge Fund Infrastructure Services.
Shares in Oil States have made an impressive run to all-time highs in the past few weeks, and could be set to go higher if hedge fund titans Rosenstein and Einhorn get their way.
FORBES: Oil States' Bondholders Will Make A Chunky Premium Before Jana's Rosenstein Gets His Spinoff
An Internal Revenue Service unit set up to look at wealthy taxpayers and their complicated financial arrangements has started rigorous probes of some hedge-fund managers and other investors it suspects may be trying to evade taxes.
All these have a survivorship bias: investments mentioned at dinner parties, stocks charted in Value Line, entrepreneurs featured in FORBES, stock market histories (does your data set include the --100% compound annual return on Russia over the past century?), available hedge fund performance numbers and every mutual fund ad.
Then there are David Harrold and Bruce Prevost, who set up Palm Beach Finance Partners in 2002 and marketed it as a hedge fund to provide financing of brand-name products to retailers.
Then there are David Harrold and Bruce Prevost, who set up Palm Beach Finance Partners in 2002 and marketed it as a hedge fund to provide financing of brand-name products to investment-grade retailers.
"We never seriously entertained the hedge-fund guys, " Mr. Ready said, adding that he worried those investors might set a valuation so high higher than that set by venture capitalists that it would pressure Braintree to sell or go public at potentially unsustainable prices.
应用推荐