Monthly Archives: May 2009
Hedge Funds Care gives grant
Caymen Net News – After an intensive grant selection process, Hedge Funds Care has agreed to distribute the US$247,647 raised at the 14 November 2008 event to support local projects designed to treat and prevent child abuse and neglect in […]
SEC Proposes to Further Strengthen Safeguards of Investor Funds
West Palm Beach (HedgeCo.net) – The SEC has proposed rule amendments to substantially increase protections for investors who entrust their money to investment advisers, hedge funds and FoHF’s. The SEC is seeking public comment on the proposed measures, which are […]
Aozora Posts 242.6 Billion Yen Loss on GMAC, Hedge Fund Losses
Bloomberg – Aozora Bank Ltd., the Japanese lender controlled by Cerberus Capital Management LP, posted its first loss in a decade, after investments in U.S. lender GMAC LLC and Bernard Madoff soured. The bank booked a 242.6 billion yen ($2.5 […]
Hedge funds wary of US govt
Straits Times – Hedge fund executives at the conference said Mr Obama’s deal undercut bankruptcy court rules that have long given priority to secured lenders. The White House move and its combative stance with hedge funds may keep some managers […]
Cayman Islands charges Robert Girvan in fund failure
Jamaica Observer – A Jamaican investment manager in the Cayman Islands has been charged in the collapse of four hedge funds based in the Caribbean offshore financial centre. Robert Christopher Girvan was charged with forgery, obtaining a money transfer by […]
Forzani Group rejects hedge fund\’s proxy demands
Reuters – Forzani Group recommended on Thursday that shareholders oppose a bid from a New York-based hedge fund attempting to nominate its own members to the board. The Canadian sporting-goods retailer said Crescendo Partners, which owns about 5 percent of […]
Indea Hedge Fund Plans to Buy, Not ‘Panic,’ on Polls
Bloomberg – Indea Capital Pte, an India-focused hedge fund that manages about $300 million, plans to buy shares even if India’s election results disappoint investors, said Chief Investment Officer Raj Mishra. The ruling Congress party-led coalition and the main opposition-led […]
Dwight Anderson To Open 2 New Ospraie Hedge Funds
Seeking Alpha – If at first you don’t succeed, try, try again. This cliché is the root of folly on Wall Street and in the hedge fund industry in general. Perfect example: The Ospraie Fund’s Dwight Anderson is set to […]
Hedge fund managers leery of activist Uncle Sam
Forbes – Following a brutal 2008 of losses, plunging assets and the Madoff scandal, the activities of the Obama administration were a primary worry among the nearly 500 hedge fund managers and other industry executives gathering at a Las Vegas […]
Blackstone Cancels Plan for Asian Event-Driven Fund
Bloomberg – Blackstone Group LP, the world’s biggest buyout company, canceled a plan to start a hedge fund that initially aimed to invest as much as $1 billion in Asian companies affected by events such as mergers and reorganizations. Blackstone […]
Ex Hedgie To Build and Run World’s Largest Solar Project
West Palm Beach (HedgeCo.net) – Former hedge fund manager, Mitchell Dong, and his new company, Mohave Sun Power, LLC, has announced plans to build a solar project, operating what it says will be the world’s largest solar-thermal power plant on […]