Monthly Archives: May 2008
Investors expect hedge funds to raise $200bn this year
Financial News Online – Investors anticipate a record-beating net inflow of $200bn (€130m) into hedge funds in 2008 despite the fact that fundraising in the first three months was at one of its lowest levels for years. Investors with $4.5 […]
Bear Stearns’ $1.2 billion macro hedge fund sees bounce
Reuters – Investment bank Bear Stearns & Co may have hit rough times but at least one of its hedge funds, the $1.2 billion Emerging Markets Macro Fund, is bouncing back from earlier losses this year. The fund, managed by […]
Paulson predicts brighter future – opposes dems suggestions
West Palm Beach (HedgeCo.Net) – “The worst is likely to be behind us.” Those were the words that Treasury Secretary Henry Paulson used to describe the current state of the economy after emerging from one of the most damaging credit […]
Paul Capital closes ninth secondaries fund on $1.65bn
AltAssets – Paul Capital has closed its ninth private equity secondaries fund, Paul Capital Partners IX, on $1.65bn, above its original hard cap of $1.5bn. Half of the investors in the fund comprise pension plans, with the remaining 50 per […]
Hedge funds to put down roots in Middle East
Financial Times – The Gulf stock market crashes of 2005 and 2006 tore the shirts off many investors who had come to believe that the great bull-run could not end. But it did: most markets, including the largest in Saudi […]
US hedge funds press for right to advertise
The Guardian – When it comes to investing, hedge funds can do almost anything. They just can’t talk about it. In return for the right to rely on trading techniques that are largely off limits at mutual funds, hedge […]
Mideast funds face call for greater transparency
The Telegraph – The British Venture Capital Association (BVCA) is to send a senior delegation to the Gulf state of Qatar this month to ask Middle Eastern sovereign wealth funds to sign up to Sir David Walker’s code on private […]
UBS Faces U.S. Tax Evasion Probe; Employee Detained
Bloomberg – UBS AG, reeling from record losses, said the U.S. Department of Justice is investigating whether the world’s biggest money manager for the wealthy helped clients evade American taxes. One senior bank employee was “briefly detained” by U.S. authorities […]
SEC freezes hedge fund assets, seeks injuctions
West Palm Beach (HedgeCo.Net) – A group of California hedge funds is being investigated by the Securities and Exchange Commission after suspicions of illegal practices. The “Premium Returns Funds,” which have been operating since May 2004, were supposedly using a […]
SEC Commissioner Atkins to step down when term ends
Financial News – The Securities and Exchange Commission, reduced to three Republican commissioners, is losing one of them. SEC Commissioner Paul Atkins announced yesterday that he intends to step down after his term ends in June and his successor takes […]
Charming Shoppes Inc. vs. the hedge funds – The battle continues
West Palm Beach (HedgeCo.Net) – Things are heating up in the battle between Charming Shoppes Inc. and the two hedge funds that are trying to elect their management to the company’s board. Only 2 days before the board is set […]
Conditions ripe for hedge fund seed investors
Reuters – Investors able to provide seed capital for hedge funds are set to enjoy the most favorable conditions in years due to an abundance of talented start-ups and a lack of competing capital. At a time when volatile markets, […]