Monthly Archives: February 2009
J-Power Seeks Long-Term Investors to Replace Hedge Fund TCI
Bloomberg – The head of J-Power, Japan’s largest electricity wholesaler, wants to attract long-term investors to replace its biggest stakeholder, hedge fund TCI, which exited after seeking his ouster in a feud over corporate management. “Investors such as pension funds, […]
Ginga Beats Japan Hedge Fund Rivals With Telecommunications Bet
Ginga Service Sector Fund, the third-best performing Japan-focused hedge fund in 2008, held its ranking in January by investing only in the telecommunications and services companies. The 3.4 billion yen ($36 million) fund, advised by Tokyo- based Stats Investment Management […]
Brown wants more scrutiny of hedge funds
Reuters UK – Prime Minister Gordon Brown called on Thursday for greater regulation of hedge funds. Speaking in Rome after a meeting with Italian Prime Minister Silvio Berlusconi ahead of April’s G20 summit, Brown also said leaders would focus their […]
Citadel Hedge Fund Manager to Step Down
New York (HedgeCo.Net) – Misha Malyshev, a trader for Citadel Investment Group who headed two of the firm’s hedge funds, has resigned according to a report by Bloomberg News. Malyshev seemingly had a successful run with Citadel, working for the […]
UBS to Pay $200 Million to Settle SEC Charges
New York (HedgeCo.Net) – UBS AG will pay $200 million to settle the SEC charges that the Swiss Bank acted as an unregistered broker-dealer and investment adviser. According to the original compliant, UBS helped certain U.S. individuals to set up […]
SEC Nails Ponzi Scheme Aimed at Deaf Community
New York (HedgeCo.Net) – The SEC has located and halted a Ponzi scheme targeted primarily at deaf individuals in the United States and Japan. According to the complaint, Hawaii-based Billion Coupons, Inc. along with its CEOMarvin R. Cooper was able […]
Hedge Fund Trembulant Ups Stake in Fast Food
West Palm Beach (HedgeCo.net) – Hedge fund Tremblant Capital reported that it now owns 1.1 million shares of Chipotle Mexican Grill, bringing its total shares in the Denver-based fast food restaurant to 5.7%. "Chipotle shares have fallen recently, and the hedge […]
Certain hedge funds ‘benefitting from Madoff’
DST International – One group of hedge funds has had its performance boosted in comparison to its peers as a result of the Bernard Madoff scandal, according to a number of industry insiders. Due to the failures of three large […]
Stanford whereabouts unknown after charges: SEC
Reuters – Federal regulators said on Wednesday they do not know the whereabouts of billionaire Texas banker Allen Stanford, charged with a "massive" $8 billion international financial fraud. "We are unaware of his whereabouts," Securities and Exchange Commission spokeswoman Kimberly […]
Gold hits new historic high in Thailand
Enews 2.0 – Gold prices have been rising throughout February, in tandem with the world market, which stood at about 975 dollars per ounce on Thursday. "I have never seen the gold market like this, with steady rises every day," […]
Asian Macro Hedge Fund Launch
West Palm Beach (HedgeCo.net) -A new Asia Macro hedge fund has been launched by Dexion Capital and Morgan Stanley veterans Andrew Gale and Lee Ka Sha. With a minimum investment is $100,000, the fund will invest in Asian interest rates […]
Why hedge funds might shine in 2009
Morningstar.ca – Hedge fund managers, once the swashbuckling frontiersmen of international finance and subject of fawning cocktail party banter, have quickly gone from hero to goat. As the global credit bubble burst with a vengeance in 2008, so too did […]