http://in.reuters.com/article/governmentFilingsNews/idINN0325515320080707
Bigger may be better as smaller hedge funds give up
Tue Jul 8, 2008 2:27am IST
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By Svea Herbst-Bayliss
BOSTON, July 7 (Reuters) - Bigger may really be better for hedge funds at a time the $2 trillion industry's smaller players face tough choices of either merging or being forced out of business.
In the first six months of 2008, more than a dozen smaller funds have already agreed to let larger players own a piece of them, and investors and managers expect that pace to quicken.
Man Group (EMG.L: Quote, Profile, Research), the world's largest publicly traded hedge fund group, has taken stakes in Ore Hill Capital and Nephila Capital, while Goldman Sachs' (GS.N: Quote, Profile, Research) Petershill unit has taken stakes in Capula Management, Claren Road Asset Management and Trafalgar Asset Managers.
rest of article here:
http://in.reuters.com/article/governmentFilingsNews/idINN0325515320080707
Bigger may be better as smaller hedge funds give up
Tue Jul 8, 2008 2:27am IST
Email | Print |
Share
| Single Page
[-] Text [+]
By Svea Herbst-Bayliss
BOSTON, July 7 (Reuters) - Bigger may really be better for hedge funds at a time the $2 trillion industry's smaller players face tough choices of either merging or being forced out of business.
In the first six months of 2008, more than a dozen smaller funds have already agreed to let larger players own a piece of them, and investors and managers expect that pace to quicken.
Man Group (EMG.L: Quote, Profile, Research), the world's largest publicly traded hedge fund group, has taken stakes in Ore Hill Capital and Nephila Capital, while Goldman Sachs' (GS.N: Quote, Profile, Research) Petershill unit has taken stakes in Capula Management, Claren Road Asset Management and Trafalgar Asset Managers.
rest of article here:
http://in.reuters.com/article/governmentFilingsNews/idINN0325515320080707