Monthly Archives: July 2009
RAB says clients returning to some hedge funds
Reuters UK – Hedge fund firm RAB Capital said on Wednesday that clients had started putting money back into some of its funds helped by a recent upturn in performance, adding to signs the industry may be recovering. The firm, […]
Delphi Favors Bid from Lenders
Private Equity Hub – A group of hedge funds that provided bankruptcy funding to Delphi Corp on Monday won a high-stakes auction to take control of the auto parts supplier, scuttling a rival deal brokered by the Obama administration. Delphi’s […]
Northern Rock: ex-shareholders lose compensation challenge
Independent – Former shareholders in nationalised bank Northern Rock failed today in a renewed legal challenge to the Government’s "zero return" compensation scheme. The Court of Appeal in London dismissed an appeal by individual shareholders – including current and retired […]
Lansdowne halts investments in fund
Reuters UK – Lansdowne Partners, one of the country’s largest hedge fund managers, has stopped accepting investments in its flagship fund with several other big funds set to follow suit, according to the Financial Times. It said the 4.9 million […]
David Prosser: At last, some good news for hedge funds
The Independent – Grimly aware that a European Commission crackdown on regulation of hedge funds and private equity spells disaster for the EU’s predominantly London-based industry, Treasury ministers have been desperately lobbying their counterparts in Brussels for months, but their […]
‘Green’ Hedge Fund of Funds Launched by Hedge Fund Veteran
HedgeCo.net (West Palm Beach) – Richard Bookbinder is launching TerraVerde Capital Partners LLC, one of the first ”green” hedge fund of funds in the United States. Bookbinder is Managing Member of Bookbinder Capital Management, a New York-based hedge fund of […]
Hedge fund GLG looks to seed UK-listed oil producer
Reuters – GLG Partners, among the world’s largest hedge-fund managers, is launching an oil production company that will be listed on the London Stock Exchange this fall, people familiar with the plans said on Monday. GLG, based in London but […]
Hedge Funds Care and CAYS partner
Caymen Net News – The CAYS Foundation is continuing its work with the Cayman Islands’ youth, raising awareness and addressing the issues of child abuse and neglect, through funding from a Hedge Funds Care Cayman (HFCC) grant. Among the many […]
Why Polygon Is Losing Pace
Forbes – Markets around the world have been rallying all year. So how did Polygon’s flagship hedge fund manage to lose money? Polygon Global Opportunities Master Fund delivered a negative 2.92% net return as of June 30, lagging far behind […]
AIMA Warns Of Global Impact Of EU Hedge Fund Directive
HedgeCo.net (West Palm Beach) – The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has warned that the European Commission’s draft directive on Alternative Investment Fund Managers would hit fund managers and investors around the world if […]
SEC To Curtail Abusive Short Sales
HedgeCo.net (West Palm Beach) – The SEC announced several actions protecting against short sales and make more short sale information available to the public. ”Today’s actions demonstrate the Commission’s determination to address short selling abuses while at the same time […]
RPT-EXCLUSIVE-Costas launches boutique bank and a 2nd act
CNN Money – John Costas, who helped make UBS AG into one of the world’s biggest investment banks, wants to build a lasting Wall Street player — and put the 2007 demise of hedge fund Dillon Read Capital Management behind […]
