Monthly Archives: February 2008
Hedge Funds Build Up Manpower in Asia
BusinessWeek- Whitney Group is a global executive search firm focused exclusively on financial services, with offices in North America, Europe and Asia-Pacific. Its Hong Kong office, headed by managing director Niall MacDonald, recently enhanced its focus on the wealth management […]
Egypt to Add Short-Sales, Exchange-Traded Funds to Spur Trading
Bloomberg- Egypt’s stock exchange, the third-best performing equity market in the world over the past three years, plans to introduce short-selling by the end of this quarter and exchange-traded funds by mid-year to attract more investors. The regulatory changes will […]
Citadel Splits Off Options Unit From Hedge Funds
Bloomberg- Citadel Investment Group LLC, the asset-management firm run by Kenneth Griffin, separated its hedge-fund business from an options market-making unit in what may be a prelude to a public offering. Citadel Derivatives Group LLC, the options specialist, and an […]
P-Solve Alternative Investments Funds Placed on Fundsettle Platform
P-Solve Alternative Investments (“PAI”), a London based fund of hedge funds manager, today announced that three of its fund of funds are now accessible on Fundsettle, the dedicated investment fund platform. There are 3 fund of hedge fund strategies […]
Goldman Sachs Could Take Some Heat for Bayou
Goldman Sachs is under close surveillance, after a federal bankruptcy court approved a request made by unsecured creditors of the Bayou Group. The creditors were granted permission to probe into the Prime Brokerage, in an attempt to expose any fraudulent […]
Hedge Fund Manager Devaney Returns to Subprime After Yacht Sale
Bloomberg- Hedge fund manager John Devaney, who had to sell his yacht and jet plane last year after wrong-way bets on mortgage securities, says it’s time to buy bonds backed by subprime loans. The chief executive officer of United Capital […]
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 […]