Monthly Archives: February 2009
Bain Capital raises $475m for latest fund
Boston Globe – Despite the gloom gripping the markets, Bain Capital has raised $475 million for a new venture capital fund, according to two executives with direct knowledge of the fund. It is the firm’s fourth fund that invests in […]
No Performance Fees for 80% of Asia Hedge Funds
Bloomberg – More than 80 percent of Asian hedge funds won’t be able to charge their investors performance fees after finishing 2008 below their peak net asset values, according to data provider Eurekahedge Pte. About a third of the 1,000 […]
Hedge fund head ‘cooperative’ in Madoff probe
Reuters – Hedge fund founder Ezra Merkin is being cooperative with New York state’s top legal officer in its investigation of three funds as part of the probe into accused swindler Bernard Madoff, officials said on Wednesday. New York Attorney […]
GPIF says alternative investments need closer study
Guardian Unlimited – Japan’s public pension fund, the world’s largest, said on Thursday it needs a deeper study of diversifying into alternative investments, such as hedge funds and real estate, after seeing the asset class hit by the financial crisis. […]
Hedge fund Yorkville spies gap in loans market
Reuters – Yorkville Advisors, a $1 billion hedge fund, said it is stepping into the lending vacuum left by banks as it provides struggling firms with loans for up to two years, typically in the $5 million to $40 million […]
KBR and Halliburton to Pay $579 Million to Settle Charges
New York (HedgeCo.Net) – Halliburton and KBR, Inc. have settled with the Securities and Exchange Commission after allegations that KBR subsidiary Kellogg Brown & Root illegally obtained construction contracts in Nigeria by bribing government officials. KBR and Halliburton will pay […]
Hedge Fund Haven to Tighten Rules
Street.Com – Financial authorities on the Cayman Islands are promising a legislative crackdown to bolster investor confidence in the post-Madoff era. But while the Caymans — long a hedge fund haven due to tax advantages and light regulation — may […]
Clarke loses hedge fund job as credit crunch hits politicians
guardian.co.uk – The shadow business secretary, Kenneth Clarke, has become the latest victim of the credit crunch after losing his job on the board of a hedge fund, the Guardian has learned. Clarke, who was parachuted back on to the […]