Monthly Archives: August 2009
Ex-UBS Bankers’ New Japan Hedge Fund Gains 14% Since July Start
Bloomberg – Akito Fund, a Japan-focused hedge fund set up by former UBS AG bankers, returned 14 percent since its July start, beating benchmarks on investments in smaller companies including Geo Corp. and Yellow Hat Ltd. Koichiro Yamaguchi and Tetsuya […]
Deals backfire as investors seek $5.5bn from Cerberus
Times Online – Investors in Cerberus are seeking the return of more than $5.5 billion (£3.3 billion) from the fund, which has made a series of poor investments, including the acquisition of GMAC, General Motors’ finance division, and of Chrysler, […]
China investing billions in hedge funds
The Korea Herald – China Investment Corp., the country’s sovereign wealth fund, is continuing to shift its investments away from cash and is investing billions in hedge funds and private-equity funds, chairman Lou Jiwei said. China Investment has invested “many […]
Funds not drying up for Hollywood filmmakers
IBNS – Hollywood Reporter said that Witness James Janowitz of Pryor Cashman is buttoning up a $250 million structured finance arrangement — including money from hedge funds — that will help pay for the production of a dozen films. “The […]
Sweden sees progress on EU hedge fund rules
Reuters – A minister of EU president Sweden said on Friday progress was being made on the contentious issue of European hedge fund regulation and that he was optimistic a deal might be reached in the coming months. “My view […]
Many investors too scared to take wing
The Modesto Bee – The tantalizing climb in the stock market has made hedge fund and mutual fund managers increasingly courageous, but millions of investors with 401(k) accounts remain reluctant to trust what burned them. That could hurt them, and […]
Global fund Kuwaiti hedge fund outperforms benchmarks
Gulf News – Kuwait Global Capital Management Ltd, the alternative investment funds arm of Global Investment House, has announced positive results for Global Umbrella Europe Hedge Fund. The fund has returned about 6.6 per cent year to date 2009, outperforming […]
GAIM Launches Not-For-Profit Hedge Fund Series
West Palm Beach (HedgeCo.net) – Hedge fund events and information group, GAIM, has launched its first not-for-profit business breakfast briefing session. In an effort to connect the alternative investment community with up to date information and contact with investors and […]
John Paulson buying Citigroup shares: report
Reuters – Hedge fund manager John Paulson, who bet against financial companies after foreseeing the credit crisis, has been buying Citigroup Inc <C.N> shares over the past few weeks, the New York Post reported, citing sources. Paulson bought around a […]
In Final Chapter of Biovail Saga, Paul Weiss Wins Dismissal of Claims Against Hedge Fund
Biovail’s long-running battle against several hedge funds and analysts it accused of driving down its stock price has provided lots of drama. Two years ago, Manhattan federal district court Judge Richard Owen sanctioned Biovail for using documents, which were under […]
Six overseas funds seen eyeing stake in MCX-SX
Private equity funds General Atlantic and Fidelity, hedge fund TPG-Axon, CME, Abu Dhabi Investment Authority (ADIA) and a group company of Singapore’s sovereign wealth fund Temasek are said to be eyeing a 5% stake each in MCX Stock Exchange (MCX-SX), […]