Monthly Archives: February 2009

Hedge Funds, Politics, and the Market Crash

February 3, 2009 : Permalink

American Thinker – There are several culprits in the recent market crash, but one key source of the problem has hitherto escaped attention: an economic index that can be easily manipulated by hedge funds and whose gyrations have shaken the […]

JWM Partners considers new fund- WSJ

February 3, 2009 : Permalink

Reuters – John Meriwether and the other partners in his hedge-fund company, JWM Partners LLC, are considering launching a new fund, the Wall Street Journal said, citing a senior official at the company. The new fund could be set up […]

Kanetsu Will Close DragonHorse, Exit Hedge Funds

February 3, 2009 : Permalink

Bloomberg – Kanetsu Asset Management Co. will liquidate hedge funds, including Japan’s best performer last year, as commodities trading shrinks, a company executive said. The Tokyo-based firm will shut DragonHorse, which according to data provider Eurekahedge Pte returned 27 percent […]

Hedge fund RAB sells Asian business at £19m book loss

February 3, 2009 : Permalink

Independent – RAB Capital, the troubled London-based hedge fund, yesterday agreed to sell its Asian business as it tries to shore up its finances.   The fund manager, which on top of the general woes affecting the industry has made […]

U.S. Senators Propose Hedge Fund Regulation

February 2, 2009 : Permalink

New York (HedgeCo.Net) – Two senators are pushing for greater regulation of hedge funds, introducing legislation that would call on the U.S. government to oversee them. Michigan Senator Carl Levin, a Democrat, and Iowa Senator Charles Grassley, a Republican, passed […]

Tuckerbrook to Provide Daily Transparency for Hedge Fund Clients

February 2, 2009 : Permalink

West Palm Beach (HedgeCo.net) – In the wake of the Madoff scandal, Tuckerbrook Alternative Investments is offering its hedge fund investors the daily market value of assets in their capital accounts. "In light of the impact 2008 is having on […]

John Paulson Defies Market and Posts Huge Gains

February 2, 2009 : Permalink

New York Times – While his counterparts at other big hedge funds are trying to figure out whether they can stay in business, the fund manager John Paulson continues to rack up enormous profits. DealBook has obtained Mr. Paulson’s confidential […]

Bonds Slump in January, Hedge Funds Buy Gold

February 2, 2009 : Permalink

Gold Seek – This January was one of the worst on record for financial markets. US Treasuries crashed after enjoying a recession-beating run in 2008. Gold and silver were the only major asset class to end the month higher. Hedge […]

Maxam hedge fund sues auditors

February 2, 2009 : Permalink

Reuters – Maxam, an investment adviser based in Darien, Connecticut, relied on the auditors for their expertise in examining Madoff’s firm, according to the lawsuit filed in Connecticut Superior Court in Fairfield County. The lawsuit, though, said the auditors issued […]

RAB offloads loss-making funds for £1m

February 2, 2009 : Permalink

Times Online – RAB Capital has agreed to sell Northwest, its loss-making Asia-focused investment business, back to its founding principals for only £1 million in the latest sign of retrenchment by the AIM-listed London hedge fund manager. RAB, which originally […]

Obama aides set to tour Washington auto show

February 2, 2009 : Permalink

Detroit News – Several top officials in the Obama administration will tour the Washington Auto Show this week, getting a firsthand look at the auto industry’s newest offerings at a time when they are considering significant auto regulations. Environmental Protection […]

Bill in US Senate would regulate hedge funds

February 2, 2009 : Permalink

International Herald Tribune – Two senior senators have introduced legislation to impose U.S. government oversight on hedge funds. The legislation by Senator Carl Levin, a Democrat of Michigan, and Senator Charles Grassley, a Republican of Iowa, was filed Thursday while the […]