Monthly Archives: February 2012

Guardian – Lloyds Banking Group is to announce that it intends to “claw back” bonuses from as many as 10 senior bankers because of the £3.2bn losses that the bailed-out bank suffered after the payouts were awarded a year ago. Between […]

Hedge Funds Review – The increasing size of the hedge funds industry and whether the institutionalisation of the industry has gone too far were among topical issues discussed during the latest Naked Short Club. With the hedge funds industry seeing […]

Reuters – U.S. securities regulators have widened their inquiry into the trillion-dollar market for exchange-traded funds, according to a person familiar with the matter. Prompted by a delay in a big trade at a popular ETF, the U.S. Securities and […]

Telegraph – Funds including Pine River Capital Management, Arrowgrass Capital Partners and Och-Ziff have taken a series of complex positions in both Glencore and Xstrata. But the moves are at odds with a number of Xstrata’s blue-chip shareholders – led […]

Dow Jones – Distinctions between hedge funds and private equity are becoming increasingly blurred as alternatives managers look to do more long-term buyout deals and private equity firms seek to emulate investment funds. Eight years ago, Henry Kravis, co-founder of […]

Reuters – Hedge funds are cranking up their bets in equities and credit in 2012’s buoyant markets in the belief that the euro zone, U.S. and Chinese economies will fare better than many were fearing last year. Many funds think the […]

Bloomberg – Travelodge Ltd. will get financing from two New York-based hedge funds as the U.K. budget hotel chain owned by Dubai International Capital restructures debt. Avenue Capital Group LLC and GoldenTree Asset Management LP have underwritten a medium-term facility […]

Bloomberg – Citigroup Inc. (C), the third-biggest U.S. bank by assets, will let managers of its hedge funds own part of the business ahead of rules that limit shareholders’ cash in the unit, Chief Operating Officer John Havens said. Employees in the Citi Capital Advisors division, […]

Reuters – The founder of Egerton Capital, one of London’s largest hedge funds, will launch a new hedge fund in Singapore, the Financial Times reported. William Bollinger, who founded Egerton Capital with John Armitage in 1994, has come out of […]

AP – Washington Mutual Inc. cleared a significant obstacle to approval of its latest bankruptcy reorganization plan after reaching an agreement Thursday with dissident creditors who had voted against it. Attorneys hammered out the settlement involving creditors who bought certain […]

Bloomberg – Richard Maraviglia spent January flying to Zurich, New York, Chicago and Miami to raise $250 million for his hedge fund. Maraviglia, who now oversees about $610 million for Carlson Capital LP from London, raised the money because the […]