Monthly Archives: May 2008

Reuters – Investors continued to pour money into emerging markets private equity between January and April, raising $25 billion (13 billion pounds) and on course to top last year’s total despite a downturn in developed markets, a report revealed. The […]

CNNMoney.com – Vaalco Energy Inc. is suing its largest shareholder, alleging it and another company violated securities laws in a bid to gain seats on the independent oil producer’s board. The lawsuit, filed Tuesday in the U.S. District Court for […]

Boston.com – The city’s Retirement Board is monitoring a lawsuit filed against an Asian hedge fund that went under, hoping it can recoup some of its own money invested in the fund. The Brockton Contributory Retirement System three years ago […]

Reuters – Absolute Capital Management plans to demerge its emerging market credit fund business Argo Capital to disassociate it from the European hedge fund firm’s recent problems, Absolute said on Wednesday. Absolute Capital said it would apply for Argo’s shares […]

FT Advisor – Hedge funds can play an important role in helping markets to function properly again during times of financial turbulence, according to BH Macro. Speaking at a recent roundtable on hedge funds and the credit crunch, Ian Plenderleith, […]

New York Post – Jamie Dimon’s been able to find Wall Street jobs for about half the payroll being axed when his JPMorgan Chase takes over crippled Bear Stearns next month. Dimon gave a progress report yesterday on his acquisition […]

Reuters – Investors may pile more than $200 billion into hedge funds this year, with strategies focused on Asia excluding Japan in greater demand despite concerns about the global economy and waning risk appetite, Deutsche Bank said. The bank’s annual […]

AltAssets – Baring Private Equity Asia has closed its fourth fund, Baring Asia Private Equity Fund IV, on $1.515bn, exceeding its original target of $1bn. Fund IV will continue the firm’s strategy of investing in businesses in Asia with enterprise […]

HedgeWeek – The Millennium Multi-Strategy Fund, a fund of hedge funds managed by London-based alternative investment manager and currency overlay specialist Millennium Global Investments, is keeping in positive territory for 2008 as the fund marks its third anniversary. Following a […]

Financial Times – Two bankers, including a former employee of UBS, the world’s leading wealth manager, have been charged by US authorities with helping a American billionaire evade income taxes on about $200m of assets deposited in Swiss and Liechtenstein […]

Bloomberg – Four former employees of Shooter Fund Management LLP, the London investment manager that lost 40 percent last year, are starting their own firm to trade currencies. Dacharan Capital LLP is looking to raise as much as $200 million, […]

JPMorgan Chase & Co said on Monday that it received a notice from federal regulators indicating that one of its units may face an enforcement action related to "the bidding of various financial instruments associated with municipal securities." Last month, […]