Tag Archives: alan-greenspan
Hedge funds fume about CVC
The Australian – Hedge funds who invested in Channel Nine’s owner PBL Media are unhappy about a rescue package to refinance the group’s $4.3 billion in debt, The Asian Wall Street Journal has reported. Private equity group CVC Asia Pacific, […]
Blackstone trims its Asia-focused fund
Reuters – Blackstone Group LP has cut the size of its planned Asia-focused hedge fund because the global financial crisis has led to redemptions, the Wall Street Journal said citing people familiar with the situation. Blackstone, which manages private equity, […]
Rivals bet against Morgan Stanley in September
Forbes – Major Wall Street firms placed large bets against Morgan Stanley using credit-default swaps, two days after Lehman Brothers Holdings Inc sought bankruptcy protection, the Wall Street Journal said, citing trading records. The firms included Merrill Lynch & Co, […]
Summers Offers Big-Picture Advice to Hedge Fund
Wall Street Journal – In 2006, Lawrence Summers resigned as president of Harvard University and took a position as a part-time managing director with D.E. Shaw Group, a New York hedge fund with a reputation as one of the most […]
Ignore the Stock Market Until February
Wall Street Journal – Down in the morning, up in the afternoon. Or is it the other way around? The topsy-turvy stock market is tough to read. In the last year, the Dow Jones Industrial Average has briefly been over […]
Congress goes after hedge funds
BloggingStocks – Congress will bring in a bunch of big hedge fund managers like George Soros and ask them why they make so much money. It will also try to figure out if they control too much of the trading […]
Even Healthy Hedge Funds Face Redemptions
Seeking Alpha – It’s a tough world out there – I saw in the Wall Street Journal the average hedge fund lost 18% in October. Considering what their mandate is i.e. hedge – that is amazing. September was awful as […]
Investors Flee Boone Pickens’ Hedge Fund: Report
CNBC – About half of the investors in T. Boone Pickens’ energy-oriented equity hedge fund have asked to withdraw their money on the heels of losses of about 60 percent this year, the Wall Street Journal said, citing people close […]
Citadel hedge fund denies Fed probe
Business Day South Africa – Examiners with the US Federal Reserve have questioned Wall Street counterparties about their exposure to debt and other holdings of Citadel Investment Group, The Wall Street Journal reported at the weekend. Citadel denied the report. […]
Credit Crunch Rocks Bain, as Funds Fall Up to 50%
Wall Street Journal – Some high-profile Bain Capital credit-investment funds are choking on losses of as much as 50%, said people familiar with the matter, the latest revelation in a day of shake-ups across the hedge-fund business. The private-equity firm’s […]
Citadel To Launch New Funds, New Strategies
New York (HedgeCo.Net) – After a disappointing year, Citadel will launch several new hedge funds in hopes of countering the losses of their main hedge fund. The multi-strat $10 billion Kensington Global Strategies Fund has fallen over 30 percent this […]
