Monthly Archives: February 2009
CI will co-operate in Fairfax suit
Globe and Mail – A long-running legal dispute between Fairfax Financial Holdings Ltd. and a group of hedge funds has produced a sideshow involving the chief executive officer of one of Canada’s biggest mutual fund companies. Fairfax, a Toronto-based insurance […]
‘Distress funds’ buy Countrywide
Guardian Unlimited – Three "distressed debt investors" – hedge fund Polygon, restructuring specialist Oaktree and private equity firm Alchemy – have taken control of Countrywide, Britain’s biggest residential estate agent, which was bought by US private equity firm Apollo less […]
Children’s Investment Fund Sells Mastercard, Buys Rival Visa
Bloomberg – Children’s Investment Fund Management UK LLP, the London-based hedge fund founded by Christopher Cooper-Hohn, sold off its shares in Mastercard Inc. and added shares of rival credit-card network Visa Inc. in the fourth quarter. Children’s sold its 5.95 […]
Madoff distortion makes some hedge funds look good
Reuters – One of the bizarre effects of Bernard Madoff’s alleged $50 billion fraud is that it has boosted the performance of one group of hedge funds when measured against their peers, industry insiders said. At least one major index, […]
Art Show Opens in NY With Less Hedge-Fund Money for Picasso
Bloomberg – At the Art Show last year, dealer Richard L. Feigen offered an $8.5 million Pablo Picasso still life. This year, he’s highlighting less expensive art, including a $90,000 purple teapot painting by Georges Braque. “The guys with the […]
Goldman says partners hit by margin calls
Reuters – Goldman Sachs Group Inc said several partners must cover margin calls triggered by the depressed value of Goldman stock and many of the firm’s hedge funds, but the bank denied it is lending money to its executives. "Partners […]
Hedge fund worker faces jail for attack on stranger
This is London – Colin Sharpe, 31, disgraced himself at the West End charity ball by making a pass at Joe Delvaux’s wife. When Mr Delvaux, 28, stepped in to defend her, Sharpe smashed a beer bottle over his head, […]
Funds expect 2009 growth in life insurance trading
Reuters – Fund managers who buy U.S. life insurance policies to cash in the death benefits have predicted a bumper year in 2009 as investors seek uncorrelated alternatives to mainstream markets. Supply is also is expected to increase as more […]
Emerging Hedge Fund Managers Get Fee Cuts Through Philanthropy
West Palm Beach (HedgeCo.net) -Hedge fund admin provider, Variman LLC, and Hedge Funds Care are working together offering discounted monthly service fees to emerging hedge fund managers who donate the standard set-up fee to Hedge Funds Care on behalf of […]
What kids say about hedge funds
Mail Online – IT’S where a hedgehog lives. MAY, six A hedge fund is a money-hedge and we have one at the bottom of our garden. SAM, six I’VE seen a hedge fund before. They have one at the hospital, […]
Cost of protecting Japan govt debt hits record high
Forbes – The cost of protecting Japanese government debt against default has risen sharply as political uncertainty and worries about the nation’s fiscal position grew after data this week highlighted the depth of recession in the world’s second-biggest economy. But […]