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Meltdown sets back hedge fund master

Globe and Mail - Math whiz Ravi Sood has ridden the highs and lows of the wild world of hedge funds.
The president of Lawrence Asset Management Inc. made a name for himself running the firm’s flagship hedge fund with stellar returns such as his 75-per-cent gain in 2007.
But the stock market crash […]

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Hedge funds taking it on chin; losses expected to fuel mergers

Globe and Mail - Hedge fund manager Ravi Sood is having a rough time navigating through the tsunami that has hit stock markets around the world.
The stellar record of his Lawrence Partners Fund suffered a 48-per-cent hair cut in September, sending its year-to-date loss to 53 per cent for the first nine months of 2008.

Mr. […]

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Hedge Fund Manager Launches Lettable Space Park In Romania

West Palm Beach (HedgeCo.net) - Argo Group, an emerging markets investment manager, announced the launch of The Era Shopping Park Iasi. Projected to generate EUR 18 million ($25.7 million) in annual rental income the launch is funded by Argo’s private equity fund, the Argo Capital Partners Fund 1, together with a local joint venture partner, […]

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New York, July 8, 2008 — The Absolute Return New Funds Survey, published in the July/August issue of Absolute Return magazine, shows that new hedge fund launches this year in the Americas totaled $19.5 billion, with the top five funds amassing $13.7 billion, for more than 70% of the total. The number of fund launches […]

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Sands Brothers starts asset-backed lending fund

Greenwich Time - A Greenwich-based investment management and advisory firm has launched a new hedge fund geared toward lending capital to underserved and niche businesses.
Sands Brothers Asset Management, with offices on Valley Drive in Greenwich, recently unveiled their Genesis Merchant Partners fund, an asset-based lending fund that provides capital despite the tight credit markets, […]

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