Monthly Archives: February 2008
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 […]
R. J. O’Brien Revenues Up Again – Poised to Pursue Acquisitions
HedgeCo.net – CHICAGO, February 28, 2007 — R.J. O’Brien and Associates, Inc. (RJO), the nation’s largest independent futures brokerage, announced today that its revenues climbed 30% during the fourth quarter of 2006, as compared with the fourth quarter 2005 results. […]
Hedge Fund Mega-Investor Expands To U.S.
In a effort to strengthen its presence in the United States, BNP Paribas Securities Services announced that it has expanded its hedge fund administration operations to include services within the United States. BNP Paribas has EUR 570 billion ($754.8 billion)in […]
Hedge Funds Looking For Direct Access to MTS
New York-Following reports that hedge funds such as Citadel and Vega are trying to gain direct access to the pan-European bond exchange network MTS, the European Primary Dealers Association (EPDA)reported that it has not yet decided whether to allow third […]
Copycat hedge funds share big boys woes
BOSTON- Hedge funds have risen at an average annual rate of 8.4 percent since 2000, less than half the gains of the 1990s, according to data compiled by Hedge Fund Research in Chicago. Vanguard Group’s flagship mutual fund tracking the […]
US Treasury says hedge funds don’t need regulatory clipping
US hedge funds have enjoyed “tremendous” growth and gained more financial muscle, but the trillion-dollar industry of private capital pools doesn’t need fresh regulation, a senior Treasury official said Tuesday. Treasury under secretary for domestic finance, Robert Steel, said US […]
Private equity and hedge funds slug it out
Private equity firms are blackballing or banning credit hedge funds from participating in the leveraged loans and high yield bonds that back their buyouts and recapitalisations. The move is the latest sign of growing tensions between the two. While blackballing […]