Monthly Archives: August 2011
Four EU states extend short-selling ban
Reuters – Italy, France, Spain and Belgium extended their short-selling bans on Thursday in a bid to cushion bank stocks from the euro debt crisis, but hinted the curbs could be lifted by October. Spain and Italy said their bans […]
Hedge Fund Launch: Touchstone Merger Arbitrage Fund
New York (HedgeCo.net) – Touchstone Investments has added to its alternative investment offerings by launching the Touchstone Merger Arbitrage Fund. The Fund will be sub-advised by Boston-based institutional hedge fund advisor Longfellow Investment Management Co., which also serves as sub-advisor […]
Emerging market hedge funds navigate volatility though performance is flat, assets at record high ($123bn)
Opalesque – Total capital invested in Emerging Market-focused hedge funds increased by $1.4 billion during the second quarter, including new capital inflows of over $300 million and performance-based returns of $1.1 billion, according to data released today by HFR (Hedge Fund […]
Beckwith’s hedge fund venture signs first two teams
D0w Jones – RiverCrest Capital, which was set up in January as a joint venture between Beckwith’s private investment vehicle Pacific Investments and Rod Barker, a former partner and director of business development at International Standard Asset Management, has hired […]
BofA Has More Upside Potential Than Downside Risk
Seeking Alpha – Late in Tuesday’s market session I began to acquire shares of Bank of America. At the time I saw the risk/reward trade-off of owning the stock as benefiting long speculators and investors. There is no doubt that […]
Ogier Fiduciary Services Cayman Announces New Structure Reflecting Client Demand for Specialised Capabilities
Grand Cayman, Cayman Islands – Ogier Fiduciary Services Cayman Limited (OFSCL) announced a new structure that will allow its leadership team to focus and develop capabilities for specific lines of business and build even deeper partnerships with clients. “The growth […]
Hedge Fund Fraud: $291.8 Million Guilty Plea
New York (HedgeCo.net) – The manager of the now defunct Chicago hedge fund, Lake Shore Asset Management, has pleaded guilty to a fraud scheme, Reuters reported today. “Baker from 2002 to September 2007 obtained the $291.9 million from about 900 […]
WaMu Creditors, Shareholders Make Arguments on $7 Billion Bankruptcy Plan
Bloomberg – Washington Mutual Inc. creditors and shareholders made final arguments for and against the company’s $7 billion reorganization plan, disagreeing over whether hedge funds committed insider trading during the almost three-year bankruptcy of the defunct bank holding company. Shareholders have asked […]
Hedge Fund Bets on S&P 500 Most Bearish Since 2008, SocGen Says
San Francisco Chronicle – Hedge funds’ bearish bets against the Standard & Poor’s 500 Index increased to the highest level since 2008 after this month’s stock slump raised concern that economic growth is slowing, Societe Generale SA analysts said. The […]
Paulson Hedge Fund Said to Lose 14% in August
Bloomberg – John Paulson, the billionaire who is betting on an economic recovery by the end of 2012, has lost about 14 percent this month on a merger arbitrage hedge fund, according to an investor. The Paulson Partners Enhanced fund […]
Hedge Funds, It Turns Out, Are Hedging
The Street – Hedge fund managers, known for risk taking in pursuit of investment gains, have spent more time protecting investors as stocks recorded the steepest declines in three years. and institutions, have fallen 1% from the start of the year […]
Carl Icahn Made $535 Million Last Week
Business Insider – Carl Icahn’s hedge fund made $120 million shorting the S&P index last week, according to Bloomberg. Add that to the $415 million Icahn Capital made when its huge stake in Motorola got a boost from the announcement of its deal […]