Tag Archives: june-14


Asian hedge funds step in as global players flee

Reuters - The investment banks and global hedge funds that are the usual buyers of debt and equity in struggling Asian companies have largely fled the market, leaving the distressed asset space to home-grown investors. Local players with the cash — […]

Hedge Fund Sued Over Expsoure to Madoff Funds

New York (HedgeCo.Net) – Gabriel Capital and founder Ezra Merkin have been sued for their exposure to Ponzi-schemer Bernard Madoff by a disdained investor. Scott Berrie, who has $500,000 tied up in one of Gabriel’s funds, claims that Gabriel lied […]

RBS Faces Losses After US ‘Fraud’

Ananova - Royal Bank of Scotland says it is facing a potential loss of £400m after a Wall Street banker was charged with a massive alleged fraud. US prosecutors say Bernard Madoff has confessed to defrauding investors of $50bn (£33bn) in […]

Is Marc Dreier a gang member? Prison officials want to know

New York Daily News – Is Park Ave. lawyer Marc Dreier a Blood? Or maybe a Crip? Federal prison officials are refusing to remove the accused hedge fund swindler from 24-hour lockdown until they determine whether he’s a gang member, attorney Gerald Shargel told […]

Hedge Funds Shrink by $64 Billion, Eurekahedge Says

Bloomberg - The global hedge-fund industry lost $64 billion of assets in November, with an index tracking its performance declining for a sixth month as economies in Asia and Europe joined the U.S. in recession, Eurekahedge Pte said. “It’s very clear that there […]

UAE Asset Manager Launches Hedge Funds

West Palm Beach (HedgeCo.net) - US-based Stream Asset Management announced the launch of a credit dislocation fund and a multi-strategy credit hedge fund, the company said in a press statement. The move is part of Gulf Stream’s aggressive expansion strategy to […]

Dreier Lawyers Describe Depleted Accounts, Departures From Firm

Law.com – As Marc S. Dreier was being arrested for attempting to defraud hedge funds of more than $100 million, some of the 10 affiliates of Dreier LLP were peeling off and others were trying to hold the firm together […]

Hedge Fund Tracking: Moore Capital Management

Seekingalpha.com - Moore, named after Bacon’s middle name, is a $10 billion global macro set of hedge funds. The next few funds we will be covering are global macro oriented funds, which is a switch from some of the more value […]

Even strong hedge funds may go under

Reuters – Even some strong hedge fund managers may not survive the ongoing credit crisis due to a lack of funding or credit, the president of hedge fund John W. Henry & Co. said on Tuesday. "There are going to be some […]

Hedge funds request Dillard’s corporate records

Forbes – A group of Dillard’s Inc. investors is asking the family that controls most shares in the department store chain for corporate records containing information on family and business relationships and perks given to directors or executives of the department store […]

Och-Ziff Funds Said to Have Eliminated at Least 10 Jobs in Asia

Bloomberg – Och-Ziff Capital Management Group LLC, the New York-based hedge-fund manager that went public last year, eliminated at least 10 jobs in Asia, including partner Raaj Shah, said two people familiar with the matter. The cuts made last week, out […]

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