Monthly Archives: August 2008
AFS Launches Alternative Trading Feature
West Palm Beach (HedgeCo.net) – Archer Financial Services (AFS), has launched Balarie Capital Management ("BCM"), a division of AFS created with the specific purpose of helping Institutional and High Net Worth investors achieve diversification by providing them with products and […]
Global fluctuation may affect hedge fund demand positively
Turkish Daily News – Hedge funds, which have reached an estimated asset volume of $2 trillion globally by attracting investor’s interest with their rapidly changing asset allocation and high risk appetite, are about to be accessible to investors in Turkey. Oyak Securities, Garanti […]
Dai-ichi Mutual Aims to Lift Hedge Fund Investments
Bloomberg – Dai-ichi Mutual Life Insurance Co., with more than 30 trillion yen ($274 billion) in assets, will invest more money with hedge funds to safeguard returns as financial markets falter. Tokyo-based Dai-ichi Mutual, Japan’s second-largest life insurer, currently invests […]
Tudor’s Jones, Pallotta may end partnership
Reuters – Hedge-fund pioneer Paul Tudor Jones and veteran stock picker James Pallotta are mulling changes to their 15-year partnership, including a possible parting of ways that could affect their $18 billion fund empire, the Wall Street Journal reported Thursday. […]
Hedge fund founder barred from pleading
Boston Globe – A federal judge barred Samuel Israel, the convicted founder of hedge fund firm Bayou Group LLC, from entering a plea to bail jumping, saying his addiction to methadone may have impaired his judgment. A US judge cited […]
Baer Capital Taps into India, Launches New Hedge Fund
New York (HedgeCo.Net) – Baer Capital has announced the launch of their new fund that invests in Indian equities, distressed debt and derivatives, further propelling Dubai’s prominence in the hedge fund industry. The Beacon India Alpha Equity Fund is the […]
Yahoo Vote Missed Major Investor
Tampa Tribune – Yahoo is recounting the shareholder vote for its board of directors after discovering that a tabulating firm failed to register the opposition of a major investor. The revision won’t change the outcome of Friday’s election, which retained […]
Fulcrum Group Combines $100bln unit to serve 1000 hedge funds
West Palm Beach (HedgeCo.net) – Fulcrum Group, a leading global administrator for hedge funds and the alternative asset management industry, backed by global private equity firm, 3i, and Butterfield Fund Services (BFS), a top-twenty provider of administration services for investment […]
Crude sticks to downward path
Houston Chronicle – Oil traders sent crude prices tumbling as low as $118 a barrel Tuesday amid a growing belief that a U.S. economic slowdown and high energy costs are curbing consumer demand for gasoline and other petroleum products. Crude […]
Hedge funds expand role as small business lender
Guardian.co.uk – Hedge funds are known for playing many roles on Wall Street, but last-resort lender to small businesses that are turned down by banks is hardly one of them. Yet with the credit crunch pushing many major U.S. banks […]
Big-Dollar Donors Are Major Force in Obama Campaign
New York Times – In an effort to cast himself as independent of the influence of money on politics, Senator Barack Obama often highlights the campaign contributions of $200 or less that have amounted to fully half of the $340 […]
Smith Gambrell Entangled in Hedge Fund Scandal
Law.com – Smith, Gambrell & Russell and one of its former attorneys are caught up in the expensive brouhaha surrounding International Management Associates, a now-defunct investment firm which bilked pro football players, a former Scientific-Atlanta CEO and other well-heeled investors […]