Tag Archives: lehman brothers


Hedge-Fund Titans Hear Chanos, Einhorn, Raise Funds for Cancer

Bloomberg – At last year’s Ira W. Sohn Investment Research Conference, Greenlight Capital Inc.’s David Einhorn told an audience of hedge-fund managers that Lehman Brothers Holdings Inc. wasn’t disclosing the whole truth about its finances. Four months later, Lehman filed […]

Hedge Fund Insurance Costs Rise as Lehman, Madoff Spur Scrutiny

Bloomberg – The cost of insuring hedge funds against negligence has risen as much as 20 percent in the past six months after Lehman Brothers Holdings Inc.’s bankruptcy and Bernard Madoff’s Ponzi scheme increased the threat of lawsuits. A fund […]

Hedge funds back into options to bet on dollar/yen

Reuters Tokyo – Hedge funds are dipping their toes back into the dollar/yen options market after months of absence, betting that eventual interest rate tightening by the U.S. Federal Reserve will help the greenback gain against the yen. Dollar/yen’s implied […]

DragonBack Reopens Fund to Investors as Redemptions Cut Assets

Bloomberg – DragonBack Capital Ltd., a Hong Kong-based manager co-founded by a former Lehman Brothers Holdings Inc. executive, reopened its flagship hedge fund to investors after redemptions cut assets in the fund. Assets in the Asia-Pacific Equity Multistrategy Fund fell […]

Lehman yields bonanza for the professionals

Times Online – Accountants and lawyers who are trying to sort out the European collapse of Lehman Brothers, the American investment bank, have charged more than £100million in fees in six months. The bonanza shows no sign of abating. PricewaterhouseCoopers […]

DragonBack Reopens Fund to Investors as Redemptions Cut Assets

Bloomberg – DragonBack Capital Ltd., a Hong Kong-based manager co-founded by a former Lehman Brothers Holdings Inc. executive, reopened its flagship hedge fund to investors after redemptions cut assets in the fund. Assets in the Asia-Pacific Equity Multistrategy Fund fell […]

Vulture investors are looking for prey

CNN Money – They pray for recessions and smile a little wider when a company climbs onto its death bed. Welcome to the world of distressed, or so-called "vulture" investors, an often-ignored corner of the market that has increasingly taken […]

CPIC Responds to SEC’s Proposed Curbs on Short-Selling

West Palm Beach (HedgeCo.net) – James Chanos, Chairman of the Coalition of Private Investment Companies (CPIC), said in response to the SEC’s five proposed rules put forward to curb short-selling, "Rebuilding investor confidence should be the primary objective of any […]

Summers Pocketed $5 Million from Hedge Fund D.E. Shaw & Co.

New York (HedgeCo.Net) – Lawrence Summers, who is currently serving as Director of President Obama’s National Economic Council, made millions from his days working as a managing director for hedge fund D.E. Shaw & Co.  The New York-based hedge fund, […]

Yen Swap Spreads Near Record as Hedge Funds Stay Away, RBS Says

Bloomberg – Japan’s attempts to end financial turmoil failed to lure hedge funds back to its swap markets, leaving premiums paid by domestic borrowers near a record, RBS Securities Japan Ltd. said. Hedge funds, which lost more than $400 billion […]

Newedge, Amiri Capital to launch Islamic hedge FoF

Reuters – Amiri Capital, the Islamic asset manager backed by investment firm Olivant, said on Monday it has teamed up with broker Newedge to launch the first Islamic fund of long/short hedge funds marketed in the Middle East. The partnership […]

Big Falls in Hedge Fund Borrowing

Financial Times – Hedge funds cut their borrowing to almost nothing in the wake of the collapse of Lehman Brothers, according to research by the City watchdog. Data compiled by the Financial Services Authority show that leverage fell to just […]