Monthly Archives: February 2008
RCB Launches India Office For High Net Worth Individuals
West Palm Beach (HedgeCo.Net)- RBC announced that it has entered the Indian market by opening its first office in the financial hub of Bandra Kurla, Mumbai, in order to provide wealth management services to high net worth individuals and provide […]
PSource Asia distressed debt fund to seek $100 million
Reuters- Fund firm PSource Capital said on Thursday it will seek to raise at least $100 million (50 million pounds) for a fund to invest in non-performing loans in Southeast Asia, an area it believes offers opportunities due to regulatory […]
F&C chief to review all ownership options
Reuters- F&C Asset Management has "excellent prospects as a standalone company", its chief executive said on Thursday, but it was reviewing all options after Friends Provident said it aimed to sell its majority stake. Alain Grisay told reporters on a […]
Hedge funds could make a killing in a downturn
Times Online- Shares may be in the midst of one of their stormiest periods this century, but some “safe-haven” funds have managed to make double-digit returns amid the turmoil. Advisers are even recommending investors salt their Isa allowances in hedge […]
Deephaven to liquidate funds worth $780 million
HedgeCo.Net (West Palm Beach) – Amidst pressure from investors, Minnesota-based Deephaven Capital management is closing its doors on two of its funds worth over $780 million. Deephaven’s parent company, Knight Capital Group, sought to freeze redemptions from the fund after […]
Deutsche Bank Aquires $10 Billion Hedge Fund Company
HedgeCo.Net (West Palm Beach) – In a fierce race to win over clients, Deutsche Bank of Germany took a major stride with the acquisition of HedgeWorks, LLC. The California based company provides administrative services to over 100 hedge funds that […]
Scion Capital Brings Focus back to U.S.
HedgeCo.Net (West Palm Beach) – Billion dollar hedge fund firm Scion Capital shocked investors with its recent decision to liquidate its profitable Asian funds. The decision comes from Michael Burry, head of Scion, who says that they wish to focus […]
Hedge Fund Bully Plays Subprime Savior
CFO.com- William Ackman, the activist manager of hedge fund Pershing Square Capital Management, took on an unusual new role today, demanding that management of embattled bond insurer MBIA give him far more information than it would normally disclose or is […]
Awash in oil income, Russia forms wealth fund
Boston Globe- Russia has split its oil proceeds into two funds and cleared the way for one to invest in foreign stocks and bonds, officials said yesterday. But actual investments are not expected to begin until fall at the earliest. […]
Hedge Funds Oppose Tousa Refinancing
Houston Chronicle- A group of hedge funds is fighting to unravel Tousa Inc.s’ July 2007 refinancing, saying that would allow the homebuilder to pay unsecured creditors of its subsidiaries in full. The investor group, which holds nearly a quarter of […]
Hedge funds: false dawn or happy ending?
Telegraph.co.uk- If you are looking for a safe haven in the current volatile markets, evidence suggests that investment trust funds of hedge funds may be the place to look. This may be a surprise to many who only associate hedge […]
Sovereign funds expected to be worth US$13 trillion in next decade
Channel News Asia- Sovereign wealth funds (SWFs) are currently worth about 1.3 percent of total global financial assets. But at US$2.2 trillion, they have surpassed the value held by private equity and hedge funds. Based on current trends, studies suggest […]