Tag Archives: 100-million


UK’s Lloyd’s plans bond buyback at big discount

Guardian.co.uk – Lloyd’s of London, the specialist insurance market, has offered to buy back up to 100 million pounds ($145 million) worth of bonds at a hefty discount. The offer applies to fixed/floating rate subordinated notes due 2024 and subordinated […]

Olympic village draining city’s cash reserves

Globe and Mail – The multimillion-dollar bills continue to creep up on the Olympic village project. The city has stashed $25-million into a contingency reserve for the project, while its property endowment fund has now disbursed $100-million for the city’s […]

$100 million recovered in hedge-fund fraud case

Seattle Times – An official appointed to recover the assets of a prominent Manhattan lawyer accused of defrauding hedge funds of at least $400 million says he has safeguarded more than $100 million in assets, including an $18.5 million yacht. […]

Big hedge funds’ golden era fading

Reuters – The golden age for super-sized hedge funds may be coming to an end as investors think about putting more money with smaller players, said an industry veteran who is setting up his own fund. "I think the established […]

Small Caps Stand to Gain When Hedge Funds Jump Back In

Seekingalpha.com – To understand which segments of the U.S. equity market were most affected by hedge fund selling pressures late in 2008, a good place to look is 13F filings with the SEC. These are required from institutional investment managers […]

In Texas, a king of the Asian commodities market

Seattle Times – Just a third of hedge funds with assets of more than $100 million had positive returns in 2008, according to data compiled by Bloomberg. Abraham Trading Diversified Program, a small operation in rural Texas, was up 30 […]

Hedge-Fund Firms Pressed to Consolidate After Losses Erode Fees

Bloomberg – Mohammed Syed has spent the past seven years scouting out the best hedge-fund investments for clients of his Axiom Fund Manager Ltd. Now, he’s seeking to expand the $100 million he oversees by acquiring rivals. “I am looking […]

Man Up! Hedge-Fund Man’s Advice for Wall Street

Bloomberg – Before I quit my job trading bonds for my former Wall Street employer and set up my first hedge fund, I thought long and hard. I stared at the ceiling every night, unable to sleep, and asked myself, […]

Amaranth, Perella Were Victims of Dreier’s Fraud, US Says

Bloomberg – The victims of Marc Dreier, the New York lawyer charged in a $400 million fraud, included Amaranth Group Inc., Perella Weinberg Partners and Blackstone Group LP’s GSO Capital Partners, U.S. prosecutors said. Government lawyers identified the firms in […]

KSK Energy Fund wound up

Reuters India – KSK Emerging India Energy Fund had raised £100 million from AIM last year to invest in Indian energy companies. Global recession has claimed a victim in India. KSK Emerging India Energy Fund (KEF), a £100 million fund […]

Colombia, Venezuela form $200 million fund to boost trade

Jamaica Gleaner – The presidents of Colombia and Venezuela pledged Saturday to invest US$100 million each in a special fund in hopes of boosting cross-border trade as the world economic crisis slashes global demand for their exports. The cash will […]

Dreier Claims His Son Was Promised Property, Prosecutors Say

Bloomberg - Marc Dreier, the New York lawyer accused of cheating hedge funds, said he told his 19-year-old son he could have properties worth $12.5 million after the teenager agreed to spend the summer with him, prosecutors said. Assistant U.S. Attorney […]

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