New York (HedgeCo.Net) - The infamous collapse of the two $1.8 billion Bear Stearns hedge funds that many believe helped spark the credit crisis is still being investigated, and now other banks and individuals are being probed in the process.
According to those familiar with the matter, prosecutors are now looking at the offering memorandum of […]

West Palm Beach (HedgeCo.net) - Mooring Financial Corp., a private investment firm specializing in the management of alternative assets, has seen its hedge fund, the Mooring Intrepid Opportunity Fund gain 37% year-to-date, while global hedge fund returns have declined almost 10% this year.
The fund gained by capitalizing on corrections in the high-yield corporate bond, commercial […]

New York (HedgeCo.Net) - The $700 billion rescue plan proposed by the Treasury and backed by President Bush seems to be greeted with disdain by republicans and democrats alike.  After excruciatingly long hearings and even an emergency meeting with the two presidential candidates, an agreement was still not reached as to how the rescue will […]

New York (HedgeCo.Net) - Despite valiant efforts to find investors and stay afloat the credit crisis, Lehman Brothers Holdings Inc. is now at the center of the biggest bankruptcy filing in history.
The fourth-largest investment bank filed for Chapter 11 protection in a Manhattan court today, after write downs stemming from the subprime mortgage fall-out that […]

West Palm Beach (HedgeCo.net) - Lend America announced the  launch of an exit strategy to help leading Wall Street firms and hedge funds quickly monetize their residential mortgage portfolios. 
As the 12th largest direct-to-consumer FHA lender in the US, Lend America is offering investors the opportunity to refinance performing mortgage portfolios within 10 days and […]

New York (HedgeCo.Net) - The recent controversial moves of Henry Paulson and the U.S. Treasury have Washington divided not only on the future of Fannie Mae and Freddie Mac, but on government’s new role in the U.S. mortgage market.   
On Monday, Paulson and Federal Housing Finance Agency Director James Lockhart placed the two mortgage giants […]

New York (HedgeCo.Net) - Merrill Lynch is still hoping to strike a deal in which Korea Asset Management Corp. would purchase a significant amount of their bad debt.  Talks have been stagnant because of recent disputes over prices, but some say those debts could sell for under $200 million. 
"We have been seeking to buy […]

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 to $2 trillion by the time all the damage is done. 
UBS, the European bank hit […]

New York (HedgeCo.Net) - John Paulson, the infamous hedge fund manager turned billionaire who bet brilliantly against the housing market, will start a new fund later this year according to a report published on Bloomberg.com.
The new hedge fund will provide capital to financial institutions who have suffered losses due to mortgage writedowns.  It was the […]

New York (HedgeCo.Net) - The two managers behind Bear Stearns’ infamous failed hedge funds have surrendered to face charges, in what will be the first criminal lawsuit stemming from the subprime mortgage fallout.
Ralph Cioffi, 52, and Matthew Tannin, 46, are part of an indictment resulting from a yearlong federal securities fraud investigation, according to a […]

New York (HedgeCo.Net) - Troubles keep arising for Bear Stearns, even after its demise and the resulting takeover by JPMorgan Chase.  It seems investors are still targeting Bear after the implosion of their two failed hedge funds last year that kicked off the subprime mortgage crisis. 
Federal prosecutors, along with the SEC, may bring criminal […]