Monthly Archives: August 2008
Speculation Game is Over: Hedge Fund Manager
CNBC – As losses mount, hedge funds no longer have the ability to drive speculation in the markets, Hugh Hendry, chief investment officer and partner at Eclectica hedge fund told "Squawk Box Europe" on Tuesday. "There is no role for […]
Hedge Fund Assets Approach $3 Trillion
A new report released Monday by HedgeFund.net estimates the assets under management by hedge funds have reached nearly $3 trillion. According to the report, hedge fund assets increased 4.41 percent last quarter, in spite of rough equity markets, to reach […]
Goldman And Morgan Link Hedge Fund Lending To Their Own Financial Health
DealBreaker.Com – Morgan Stanley and Goldman Sachs are linking their lending to hedge funds to the market’s assessment of the credit worthiness of the investment banks. Morgan Stanley will reportedly evaluate the amount of leverage it will supply to hedge […]
Hedge Fund Forum 2008
West Palm Beach (HedgeCo.net) – The Greenwich Hyatt will be the scene of the 2008 Global Alpha Forum, the hedge fund event is for both fund managers operating in Connecticut and investors wishing to get to know those managers. The […]
Running a Hedge Fund Is Harder Than It Looks on TV
Do you remember a time, only a short while ago, when virtually anybody could start a hedge fund? It seemed so easy: billions of dollars were being thrown around like confetti, even at first-time managers. You could make money with […]
Hedge Fund SageCrest Files for Bankruptcy
New York (HedgeCo.Net) – Greenwich-based hedge fund SageCrest Finance has filed for Chapter 11 bankruptcy protection. The credit opportunity fund, which grants short-term loan to companies left with few financing alternatives, said its recent losses were due to the condition […]
Soros hedge fund bought Petrobras stake worth $811 million
West Palm Beach – Billionaire investor George Soros bought an $811 million stake in Petroleo Brasileiro SA in the second quarter, making the Brazilian state-controlled oil company his investment fund’s largest holding. As of June 30, the stake in Petrobras, […]
Christofferson Robb hedge fund to sell Thanet windfarm in Kent
Times Online – The Christofferson Robb hedge fund is in talks to sell one of Britain’s largest proposed offshore wind farms less than a year after it bought the project. Utilities and financial buyers have bid for the £800m Thanet […]
Trump To Launch India Hegde Fund
West Palm Beach (HedgeCo.net) – Trump Organization USA announced plans to launch a $1 billion hedge fund to invest in Indian real estate. Donald Trump Jr.’s interest in the Indian real estate market was sparked in 2007 when he visited […]
Ospraie hedge fund loses $1bn on misplaced commodities bets
Ospraie Management, the US hedge fund led by Dwight Anderson, has seen about $1bn (€678m) in value being wiped out of Ospraie Fund, its biggest, over the last 12 months amid misplaced bets on commodities, according to a report in […]
Soros boosts Lehman stake
Reuters – Billionaire investor George Soros hiked his stake in Wall Street firm Lehman Brothers to 9.5 million shares as of June 30 from 10,000 shares, according to a U.S. regulatory filing on Thursday. Soros disclosed the quarter-over-quarter increase in […]
T. Boone Pickens Trades Oil With Both McCain & Obama
24/7 Wall St. – On Sunday, T. Boone Pickens issued a press release stating that he had met with Senator Obama in Reno, Nevada to discuss his energy plans. This follows the statement he issued Friday stating that he had […]