Tag Archives: euro-1


US fund takes 35% stake in stricken Countrywide

Times Online – Oaktree Capital Management, a specialist investor that targets heavily indebted companies owned by buyout groups, has sealed its first big investment in Britain. The American-based Oaktree, which has just under €1.8 billion (£1.6 billion) to spend on […]

Big Bank Short Seller Changes Call to ”Buy’

CNBC – High-profile hedge fund manager Crispin Odey, who made money last year betting on falling bank share prices, has been buying into UK banks recently because he thinks they are now so cheap. Odey, who is founding partner of […]

BBVA unit says clients slash hedge fund exposure

Reuters – Clients of Spain’s BBVA Patrimonios have cut hedge fund exposure by more than two-thirds over the past year after disappointing returns, says its chief investment officer, who believes the industry is in meltdown. "Appetite for hedge funds has […]

UBP cuts hedge funds, sees industry shrinking

Reuters – Union Bancaire Privee has cut its exposure to hedge funds and industry performance has disappointed, while other assets look more attractively-priced, a top executive said. Christophe Bernard, the Swiss-based firm’s head of asset management, also told the Reuters […]

Thain to head investment banking, wealth at BofA

Reuters – John Thain, the Merrill Lynch & Co Inc chief executive who engineered the firm’s sale to Bank of America Corp, will head investment banking, securities and wealth management at the new company — at least for now. But […]

Survey shows lack of succession planning at hedge funds

Wealth Bulletin – Nearly 70% of hedge funds don’t have a clear succession planning structure in place, a study by wealth management experts Russ Alan Prince and Hannah Shaw Grove has shown, according to a report in The New York […]

UBS Writes Down Another Subprime-Related $6 Billion

New York (HedgeCo.Net) – Writedowns from major banks have reached the $500 billion mark, only one year after the subprime fallout forced mortgage-backed securities to plummet in value.  And it’s not over.  Some economists estimate that number will ascend upwards […]

HedgeCo Matches Elite Candidates with Top Hedge Fund Employers

New York (Hedgeco.net)- HedgeCo Networks has just launched the next chapter within their network of companies, HedgeCo Employment Solutions. As a top tier recruiting firm, HedgeCo Employment Solutions secures the finest candidates in the hedge fund and financial services industry […]

HNWIs cool on allocation to hedge funds

Hedge Funds Review Magazine- In early 2007 HNWIs bet heavily on riskier asset classes. However further into the year, financial market turmoil and economic uncertainty intensified and HNWIs began to shift their investments to safer, less volatile asset classes. Exposure […]

Citi offers $250m to hedge fund investors

 Independent- Citigroup is coming under pressure to bail out investors in one of its troubled hedge funds, in another embarrassment for a company already among the biggest losers from the credit crisis.   The company has begun quietly asking private […]

Related Posts Plugin for WordPress, Blogger...