Until November last year he was the chief investment officer of the respected Lloyd George Management fund house in Hong Kong (FORBES GLOBAL, Dec. 13, 1999).
Then in early 2005, one of BioMarin's largest shareholders, health care-focused money management fund OrbiMed Advisors, launched a proxy battle in which it requested three new board members.
It was this kind of violent and sudden volatility that caused the highly leveraged Long-Term Capital Management fund to require a bailout by Wall Street institutions in the fall of 1998.
Bank of America used its January acquisition of Merrill Lynch as an excuse to comb through its operations for businesses to exit, and now it finally has a buyer for part of its Columbia Management fund group.
Between them, the islands now offer a diverse range of financial services, including trust and company formation and management, fund management and corporate banking.
Known as funds-of-funds, firms such as Financial Risk Management and Synergy Fund Management have received billions of dollars from investors in order to assemble diversified portfolios of underlying hedge funds.
But it is nonetheless misleading, argues Surjit Bhalla, a former World Bank economist who now runs Oxus Fund Management, a hedge fund.
Surjit Bhalla, of Oxus Fund Management, a hedge fund, argues it would actually be better to hand out cash for no work.
And he's president of MHR Fund Management, a New York fund that specializes in distressed assets.
Danareksa Fund Management has launched a mutual fund that invests in such stocks.
For instance, take the Legg Mason Capital Management Value Fund, managed by Bill Miller.
FORBES: When To Sell Your Mutual Fund And Fire Your Money Manager
Though the hustler can often do some hacking as well, the term has come to mean the person leading marketing, product management and fund-raising activities in the early stages.
Managers began to use less internal leverage following the infamous blowup of the Long Term Capital Management hedge fund in 1999, although that has been edging back up in recent years.
The fund-management industry, with trillions of dollars of other people's money in its care, has seen surprisingly little fraud, points out Alan Brown, global chief investment officer of State Street, an American fund-management firm.
With the paperwork expected to follow as much as days later, there is the potential for a breakdown approaching the scale of the Long-Term Capital Management hedge fund debacle, which all but crushed Wall Street in 1998.
Among its best performing funds are the Virtus Multi-Sector Short Term Bond Fund run by Newfleet Asset Management and its Emerging Markets Opportunities Fund run by Vontobel Asset Management.
When a portfolio manager for an index fund performs additional management services, the fund is no longer passive.
But according to the Investment Management Association, the British fund-management industry's trade body, an equity unit trust has to have 80% in equities.
But recently, Pioneer Investments, an American fund-management firm, opened the first mutual fund to give individuals exposure.
The Chilean system has given a boost to the country's fund-management industry, and subsidiaries of American fund managers have captured as much as a third of that new market, according to Celfin, a local subsidiary of Salomon Brothers.
The 44-page work is a no-nonsense member of the well-known Dummies series that purports to educate the nation's public pension officials on the ABCs of sound financial management--a task that the author himself concedes is a chilling reflection of the state of public pension fund management.
In the fight for market share, fund-management houses have sometimes been forced to rein in their fund managers to make themselves more attractive to the advisers.
If the fund-management business has an idea for a product, the new fund is out on the market before anyone has tested it.
Many trade commission-free and fund management fees have been falling for months, across the board.
Finally, consider index funds if you want to minimize mutual fund management expenses and trading costs.
Over a decade, saving 1% a year on fund management fees adds up to serious money.
As a collective, the fund management industry is just the market (more or less).
Oh, but everyone in the investment fund management business takes the tax return positions that Romney takes!
Moore's claim that North Carolina pays 29% less in fund management fees than the average public pension plan.
The favourite is a joint venture between Manchester Airport and the Australian infrastructure investment fund Industry Fund Management.
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