Monthly Archives: August 2009
Thames River plans two credit funds, US foray
Reuters – Thames River Capital is hoping to launch two investment grade credit strategies later this year and is looking at how best to target the U.S. institutional market, chief executive Charlie Porter told Reuters. The independent fund house, which […]
Hedge funds making a comeback
Stuff – Hedge funds posted more gains last month, providing fresh evidence that the US$1.4 trillion industry is recovering after last year’s heavy losses and record redemptions. The average hedge fund gained 2.42 percent in July after having inched up […]
Long/short funds push back into markets
Financial Standard – Long/short hedge fund managers increased their net exposure to equity markets, allowing them to post positive returns last month, according to a replication index. The Credit Suisse Long/Short Equity Replication Index, which replicates the performance of major […]
Thames River plans two credit funds, US foray
Reuters UK – Thames River Capital is hoping to launch two investment grade credit strategies later this year and is looking at how best to target the U.S. institutional market, chief executive Charlie Porter told Reuters. The independent fund house, […]
LGT Capital Partners holds first close of latest secondaries fund on $268m
AltAssets – LGT Capital Partners, an alternative assets manager, has held the first close of its listed fund Crown Global Secondaries II on $268m. The overall fundraising target of the fund is $750m. Tycho Sneyers, partner at LGT Capital Partners, […]
Ken Moelis Waits for Bat Phone to Ring as Wall Street Rebounds
Bloomberg – The office of Kenneth Moelis in Los Angeles is a shrine to an investment banking career spent catering to the rich. Shelves and a table groan under the weight of dozens of Lucite deal tombstones featuring companies controlled […]
Guardian lost £24m in bungled currency trading
Times Online – Guardian Media Group, the owner of The Guardian and The Observer newspapers, lost £24m last year on botched currency trading as it tried to protect hedge-fund investments. The newspaper publisher, which is considering closing The Observer, the […]
Hedge Fund Group Awarded Private Equity By Korean Sovereign Wealth Fund
HedgeCo.net (West Palm Beach) – Swiss-based alternative asset manager, Partners Group, has been selected as the manager for a private equity secondary mandate by the sovereign wealth fund Korea Investment Corporation (KIC). KIC aims to profit from current dislocations in […]
Dealing With Phibro: The Best Choice for Citigroup
New York Times Blogs – Selling a controlling stake in Phibro won’t cut it for Citigroup, Breakingviews writes. Sure, it would probably quell some of the uproar around the flashpoint that put Citi’s full ownership of Phibro, a commodities trading […]
Freddie Mac reports first profit in two years
Reuters – Freddie Mac, the second largest provider of U.S. home mortgage funding, on Friday posted its first quarterly profit in two years as gains from hedges and a one-time accounting change offset still-lofty credit losses. For the first quarter […]
Pequot Trading in Google, Cox, Premcor Sparked Warnings to SEC
Bloomberg – Pequot Capital Management Inc., once the world’s biggest hedge-fund manager, was cited in at least 44 private reports from exchange watchdogs in the past four years alerting U.S. regulators to potential insider trading, market manipulation or other misconduct, […]
Hedge fund FRM unit to invest $60 mln in new fund
Forbes – Global fund of hedge funds firm FRM Capital Advisors (FCA) said on Tuesday it will invest up to $60 million in New York-based asset manager WestSpring’s first fund. Specialist hedge fund seeder FCA said the investment is part […]