Monthly Archives: February 2012
Hedge funds hike their bets on 2012 rally
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 […]
Travelodge to Get Financing From Hedge Funds Amid Restructuring
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 […]
Citigroup to Let Managers Take Stakes in Its Hedge Funds as Volcker Looms
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, […]
Egerton Capital founder to launch Asia fund
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 […]
WaMu settles with dissident creditor group
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 […]
Small Hedge Funds Draw Investments as Bigger Rivals Stumble
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 […]
Hedge funds faulted for not being short-term enough
Reuters – Used to criticism for caring only about short-term profit, hedge funds are now being faulted for a failure to think short-term enough after losing out badly in last year’s volatile markets. A series of bad bets by hedge […]
Ex-M.Stanley Asia debt head readies hedge fund
Reuters – Morgan Stanley’s former head of fixed income for Asia-Pacific, Ranodeb Roy, is preparing to launch a hedge fund that will focus on liquid Asian interest rates, credit and foreign exchange, he told Reuters on Thursday. Singapore-based RV Capital […]
Hedge-Fund Big Paulson Eyes Hartford Breakup
AdvisorOne – On the heels of a weak quarterly earnings report for The Hartford, hedge fund manager John Paulson has stepped forward as a shareholder activist in a bid to force the insurance company into a breakup. Paulson & Co. […]
Hedge fund Tyrus profits from M&A revival
Reuters – Event-driven hedge fund Tyrus Capital has made a strong start to 2012, one of several managers to benefit from this year’s revival in European corporate deal making. The flagship $1.8 billion fund at the London-based firm, run by […]