Monthly Archives: February 2009
Breakingviews.com Europeans Favor Regulating ‘Shadow Banks’
New York Times – Hedge funds and the rest of the so-called shadow banking system are almost certainly going to face more regulation. But governments should not try to supervise them directly; instead, it would be far more productive for […]
Diamond Fund Set to Launch
KPR Capital Limited announces the launch of the KPR Diamond Fund. The fund offers investors a unique access to physical diamonds capitalising on the price appreciation of top quality colourless diamonds. The Fund aims to provide returns which are […]
UBS, Stanford Propel Offshore Crackdown
New York (HedgeCo.Net) – A federal judge has set a July 13 hearing for UBS, in which they may be forced to disclose names associated with 52,000 secret Swiss bank accounts holding more than $14.8 billion in assets. UBS continues […]
Hedge fund sheds Sonesta shares
Bizjournals.com – After watching Sonesta International Hotels Corp. lose roughly 70 percent of its stock market value over the past 18 months, a Connecticut hedge fund has shed roughly a third of its holdings in the Massachusetts-based hotel operator. In […]
Ashmore sees tough 2009 for fund raising, outflows
Interactive Investor – British fund firm Ashmore Group said it expected the fund-raising environment to remain tough in 2009 as clients continue to cash in investments, after it reported first half profits in line with forecasts. The group, which specialises […]
Steamboat Road readies for RBS departure
Stamford Advocate – The owner of the office building at 600 Steamboat Road in Greenwich said he was eager to start recouping his company’s $200 million investment in the waterfront structure with high-paying tenants. His sole tenant, RBS Greenwich Capital […]
Eiger Asset Management to launch four coffee-related funds
Hedge Week.com – Eiger Asset Management is planning to launch four coffee-related funds, comprising two index tracker funds, a hedge fund and a vehicle investing in the physical commodity. Eiger is being assisted by London-based alternative investment consultancy firm Laven […]
Hedge body backs formal disclosure to regulators
MSN UK News – A hedge fund body has thrown its weight behind regular disclosure of large holdings and risks to regulators, as calls grow for greater scrutiny of the industry. The Alternative Investment Management Association (AIMA), said on Tuesday […]
Hedge Fund Group Proposes Rules to Avert Intervention
Bloomberg – A group of hedge funds offered to increase disclosure to head off demands from politicians on at least two continents for more transparency. “We know which way the wind is blowing,” said Andrew Baker, chief executive of London-based […]