Tag Archives: quality-tax
Tudor’s BVI Hedge Fund Suspends Redemptions, Will Split in Two
New York (HedgeCo.Net) – Hedge Fund firm Tudor Investment Corp. has suspended investor redemptions from its $10 billion BVI Global unit until March 31st, giving the company time to split the fund into two. BVI Global was hit by a […]
‘Armageddon’ Loan, Bond Prices Keep Debt Investors on Sidelines
Bloomberg – Credit markets have fallen so far that they are providing a "once in a lifetime opportunity," and investors are still selling. Prices of loans rated below investment grade declined to a record low 66.1 cents on the dollar, […]
Lehman to sell stake in R3 hedge fund
Reuters – Lehman Brothers Holdings Inc agreed on Wednesday to sell its 45 percent stake in hedge fund R3 Capital Partners for $250 million in cash and a $250 million investment in another fund managed by R3. Lehman, which filed […]
Morgan Stanley may scale back prime-brokerage ops-NY Post
Trading Markets – Morgan Stanley is looking at scaling back its prime-brokerage operation, selling assets or buying a faltering regional bank, the New York Post said citing sources. The firm may also try to work out a way to piggyback […]
Samsung Life, Kyobo Shun U.S., Europe for Korea Bonds
Bloomberg- South Korean life insurers are shunning U.S. and European corporate bonds because of a rising risk of default and plowing money into domestic debt. Samsung Life Insurance Co., Korea’s biggest insurer, is diverting $500 million into 10-year government bonds, […]
Citi Special Situations Team To Found Distressed Debt Hedge Fund
FINalternatives- Another pair of Citigroup fixed-income executives is to set up its own hedge fund shop. Jeff Jacob and John Humphrey, who run the global special situations group they established at Citi four years ago, will leave the firm in […]
