BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Hedge funds refuse to move on fees]]>http://www.bloggingstocks.com/2009/08/03/hedge-funds-refuse-to-move-on-fees/http://www.bloggingstocks.com/2009/08/03/hedge-funds-refuse-to-move-on-fees/http://www.bloggingstocks.com/2009/08/03/hedge-funds-refuse-to-move-on-fees/#commentsFiled under:

If you think that the past 12 months have had any impact on the "2/20" hedge fund pricing model, please say hi to the Easter Bunny for me.

According to Bloomberg News, reductions from the 2% fee based on assets under management and 20% of investment gains aren't coming anytime soon. Further, the hedge fund community will only trade money for other advantages -- such as longer lockup periods and high minimum commitments (e.g., of at least $100 million).

And, it's worse if the fund is a top performer. After all, why change if you're making money? It seems that there's nothing quite like results for shutting up limited partners.

Continue reading Hedge funds refuse to move on fees

Hedge funds refuse to move on fees originally appeared on BloggingStocks on Mon, 03 Aug 2009 14:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>hedge fundhedge fundsinthenewsoch-ziffoch-ziff capitalsac capitalsac capital advisorssac capital managementsteven cohenMon, 03 Aug 2009 14:20:00 EST<![CDATA[Analyst calls: SNV, BASFY, AKZOY, FUL, GA, WLT, AHD, OZM, HOG, MRK]]>http://www.bloggingstocks.com/2008/11/14/analyst-calls-snv-basfy-akzoy-ful-ga-wlt-ahd-ozm-hog-m/http://www.bloggingstocks.com/2008/11/14/analyst-calls-snv-basfy-akzoy-ful-ga-wlt-ahd-ozm-hog-m/http://www.bloggingstocks.com/2008/11/14/analyst-calls-snv-basfy-akzoy-ful-ga-wlt-ahd-ozm-hog-m/#commentsFiled under: , , , , , , ,

Analyst upgrades:
  • Friedman Billings upgraded Synovus (NYSE: SNV) to Market Perform from Underperform on valuation following the recent weakness. BASF (OTC: BASFY) and Akzo Nobel (OTC: AKZOY) were upgraded to Buy from Neutral at UBS on valuation and believes cash flows can cover the company's dividend.
  • JP Morgan upgraded H.B. Fuller (NYSE: FUL) to Overweight from Neutral citing benefits from lower raw material costs.
  • CA, Inc (NASDAQ: CA) was added to Goldman's Conviction Buy List.
  • Goldman removed Boeing (NYSE: BA) from the Conviction Sell List.
  • WABCO Holdings (NYSE: WBC) was upgraded to Buy from Hold at KeyBanc.
Analyst downgrades:
  • Oppenheimer downgraded Giant Interactive (NYSE: GA) to Perform from Outperform following the company's Q3 results as they believe a recovery of revenue from ZT Online will take longer than expected.
  • Friedman Billings cut Walter Industries (NYSE: WLT) to Market Perform from Outperform as they believe the decline in steel demand will pressure met coal prices. The company's target was lowered to $30 from $53.
  • Citigroup downgraded shares of Atlas Pipeline (NYSE: AHD) Holdings to Sell from Hold as they believe the company could potentially be in violation of its debt covenants as early as Q1. The company's target was lowered to $4 from $31.
  • Oracle (NASDAQ: ORCL) was removed from Goldman's Conviction Buy List.
  • Dover (NYSE: DOV) and Emerson Electric (NYSE: EMR) were downgraded to Underweight from Neutral at JP Morgan.
Analyst initiations:

Continue reading Analyst calls: SNV, BASFY, AKZOY, FUL, GA, WLT, AHD, OZM, HOG, MRK

Analyst calls: SNV, BASFY, AKZOY, FUL, GA, WLT, AHD, OZM, HOG, MRK originally appeared on BloggingStocks on Fri, 14 Nov 2008 11:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AHDAkzo NobelAkzoNobelAKZOYAtlas PipelineAtlasPipelineBABASFBASFYBoeingCACA incCaIncDOVDoverEmerson ElectricEmersonElectricEMRFULGAGarminGiant InteractiveGiantInteractiveGRMNH.B. FullerH.b.FullerHarley-DavidsonHOGMerckMRKOch-ZiffOch-Ziff CapitalOch-ziffCapitalOracleORCLOZMRadianRDNSNVSynovusVMWVMWareWABCO HoldingsWabcoHoldingsWalter IndustriesWalterIndustriesWBCWLTFri, 14 Nov 2008 11:30:00 EST<![CDATA[Och-Ziff Capital joins hedge fund IPO rush]]>http://www.bloggingstocks.com/2007/07/02/och-ziff-capital-joins-hedge-fund-ipo-rush/http://www.bloggingstocks.com/2007/07/02/och-ziff-capital-joins-hedge-fund-ipo-rush/http://www.bloggingstocks.com/2007/07/02/och-ziff-capital-joins-hedge-fund-ipo-rush/#commentsFiled under: , , ,

Och-Ziff Capital, a hedge fund with $26.8 billion in assets, got its start 13 years ago. The founders include Daniel Och, a former operator at Goldman Sachs Group (NYSE: GS), and members of the Ziff family. Apparently, now it's time to take some money off the table, and Och-Ziff has filed to go public.

The goal of the fund: "Deliver consistent positive, risk-adjusted returns throughout market cycles, with a focus on risk management and capital preservation." However, if you look at the average returns for the past three years -- 12.2% -- you could have actually done just as well with an S&P 500 index fund (and not have had to pay the hefty fees or agree to lockups). But, hey, in the rarefied world of the wealthy, things don't always make much sense.

The lead underwriters include Goldman Sachs and Lehman Brothers (NYSE: LEH). The proposed ticker is OZM, and the prospectus can be reviewed on the SEC Web site.

Tom Taulli is the author of various books, including the Complete M&A Handbook and the EDGAR-Online Guide to Decoding Financial Statements.

Och-Ziff Capital joins hedge fund IPO rush originally appeared on BloggingStocks on Mon, 02 Jul 2007 13:17:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Daniel OchDanielOchGSHedge FundsHedgeFundsIPOLEHOch-Ziff CapitalOch-ziffCapitalOZMZiff familyZiffFamilyMon, 02 Jul 2007 13:17:00 EST