Monthly Archives: May 2008
Dubai International Capital promises Liverpool fans a place on Anfield board
Times Online – Dubai International Capital (DIC) would want to appoint a Liverpool supporter to the club’s board of directors if it won control at Anfield, The Times has learnt. DIC, the private equity investment arm of the Dubai Government, […]
BlackRock in $15bn debt deal with UBS
Financial Times – BlackRock, the US asset manager, will pay UBS $15bn for a portfolio of subprime mortgage debt in a deal that the Swiss bank plans to announce today with its first-quarter results, people familiar with the transaction said. […]
Kansas hedge fund files slander lawsuit
Fort Mill Times – A local hedge fund has responded with a lawsuit of its own after being sued more than a year ago by a group of California hedge funds. Jayhawk Capital Management and its principal owner, Kent C. […]
Penso Capital launches Global Crisis Strategy to target opportunities in volatile markets
HedgeWeek – Alternative investment and advisory boutique Penso Capital Markets has launched its third asset management strategy, the Global Crisis Strategy, designed to capitalise on opportunities in the equity, fixed income, commodity and foreign exchange markets. Penso says its expertise […]
Citigroup throws in the towel on Old Lane hedge fund
West Palm Beach (HedgeCo.Net) – Only one year after Citigroup shelled out $800 million for Old Lane Partners, investors are looking for a way out of the troubled hedge fund. The fund’s founder, Citigroup’s CEO Vikram Pandit, is now forced […]
Paulson’s Hedge Funds Slide
New York Post – John Paulson, the hedge-fund titan who earned superstar status after earning billions by correctly predicting the collapse of the mortgage market, slipped slightly in April betting Wall Street firms such as Bear Stearns would collapse and […]
Mitsubishi to buy into U.S. hedge fund
Reuters – Mitsubishi Corp, Japan’s largest trading house, is to buy a stake in U.S. hedge fund manager Aladdin Capital Holdings LLC and set up a joint investment fund, the Nikkei financial daily said on Monday. Mitsubishi will pay $40 […]
Hedge Funds call bottom on Britain
Times Online- Hedge Funds are beginning to bet that shares in Britain’s biggest banks have hit rock bottom, in spite of mounting speculation about further multi-billion-pound rights issues and fresh concerns about the mortgage market. Traders have begun to scale […]
Pandit’s hedge fund to be restructured
Reuters- Citigroup Inc said it is looking at restructuring Old Lane, a hedge fund co-founded by Vikram Pandit, the bank’s chief executive. Nearly all investors unaffiliated with the fund have requested to redeem their money from the fund, Citi said […]
Algo gone wild adds up to trouble for hedge funds
Globe and Mail – In the hedge fund world, James Dinan is a big wheel, earning an estimated $470-million (U.S.) last year as the head honcho at $14-billion York Capital Management. In the space of 60 seconds late Wednesday, Mr. […]
Hedge funds transparency plan unveiled
Baltimore Sun- With an eye toward shoring up shaky financial markets, Treasury Department officials unveiled a plan yesterday to provide greater transparency and management of risk in hedge funds. However, the Bush administration’s "best practices" proposal is voluntary, and fewer […]
Basso Sings The Blues As Hedge Funds Lose
FINalternatives- Stamford, Conn.-based Basso Capital Management said Thursday that almost all of its hedge funds finished the first quarter in the red. The firm, which manages $2.57 billion, told investors that its Credit Opportunities Fund is down 14% this year […]