Tag Archives: sumitomo


Sumitomo Trust Finance to Start New Japan-Focused Hedge Fund

Bloomberg – Sumitomo Trust Finance (H.K.) Ltd., the asset-management unit of Japan’s fifth-biggest bank, will start a new multi-strategy hedge fund that invests in Japanese stocks, index options, futures and credit-default swaps. The Tactical Equity Concepts-Japan Fund, also called TEC- […]

Merger-Arbitrage, Other Hedge Funds Hurt By Nixed BCE Deal

Wall Street Journal - If you thought the collapse of one of the biggest leveraged buyouts in history would be devastating for merger-arbitrage hedge funds, you’d be right. But pure merger arbitragers weren’t the only hedge funds hurt. The $41 billion […]

Wall Street’s losses may be computer science’s gain

Computerworld Australia - The collapse of Wall Street may help make computer science and other IT careers attractive to students who abandoned those fields in droves after the dot-com bust of 2001. William Dally, chairman of the computer science department at […]

A hedge fund that actually hedges risk

Globe and Mail – This is how bad things are for hedge funds right now. On the CanadianHedgeWatch.com website, a hub for the hedge business, the lead article one recent day was headlined "The hedge fund collapse." The article, which […]

Malaysia eyes Islamic hedge funds

Reuters – Malaysia is working on a plan to allow the creation of Islamic hedge funds. "It is now in the developmental stage,” Goh Ching Yin, an executive director at the Securities Commission, was quoted as saying by Business Times […]

Mizuho Said to Hire Ex-Lehman Electronic Trading Team

Bloomberg – Mizuho Financial Group Inc., Japan’s second-largest bank by revenue, will start electronic trading in Asia after hiring a team of 16 former Lehman Brothers Holdings Inc. employees, two executives familiar with the plan said. The team, led by […]

Hedge funds count the cost of trading losses

Guardian.co.uk – Hedge funds and banks are expected to bear the brunt of derivative losses estimated at $15bn (£9.4bn) linked to the collapse of Iceland’s three major banks – Landsbanki, Glitnir and Kaupthing – which failed in rapid succession last […]

Hedge funds contemplate safer climate in US

Times Online – A new front is opening up in the battle between London and New York to be the world’s dominant financial centre. Hedge funds, and the thorny question of where they decide to do business over the coming […]

World’s biggest hedge fund restructures amid turmoil

Daily Telegraph – Highbridge Capital Management, which is majority owned by JP Morgan Chase and has $25bn under management, is axing 10 per cent of its New York-based staff and plans cuts in Europe and Asia. The volatility in global […]

Buyout, Hedge Funds Will Be Next Dominos to Drop: Matthew Lynn

Bloomberg – If Sherlock Holmes were analyzing the credit crunch, he would be drawing our attention to the dog that didn’t bark, just as he did in “The Hound of the Baskervilles.” The dog, of course, would be hedge and […]

Hedge funds set student loan firms in their sights

Guardian Unlimited – After being accused of precipitating the present financial crisis by short-selling banks, hedge funds are now turning their attention to student loans. Jim Chanos, founder and president of Kynikos, one of the best known short- selling hedge […]

Christine Lagarde warned Hank Paulson to bail out Lehman Brothers

Telegraph.com.UK – Sources close to Mrs Lagarde said that she had called the US Treasury Secretary – a close personal friend – well before the ailing bank’s collapse imploring him to act, but he chose not to. Lehman Brothers’ demise […]

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