Monthly Archives: August 2008
Japan fund managers less cautious on stocks
Reuters Tokyo – Japanese fund managers have grown less cautious about global stocks than a month ago, as a retreat in oil prices and signs of improved confidence in the U.S. financial sector have eased pessimism, a monthly Reuters survey […]
Dollar near 1-mth high vs euro before US jobs
Forbes – The dollar edged up towards a one-month high against the euro on Friday before monthly U.S. jobs data later in the day, with investors viewing the report as a key hurdle for whether the U.S. currency can sustain […]
Korea’s No. 1 Money Manager Says Genghis Khan Model for Funds
Bloomberg – Days after a March negotiating session to buy San Francisco’s Citicorp Center building for $370 million, Park Hyeon Joo is in the air on a Korean Air flight bound for Seoul, sipping a glass of red wine. He’s […]
Investments in Asia hedge funds halved in Q2
Reuters – Investors almost halved the money they put into Asia-focused hedge funds in the second quarter compared to the first three months of the year as a selloff in stocks hurt appetite for risky assets, data showed. Asia-focused hedge […]
Capital Z Adds 10-Year Bear Stearns Marketing Vet
FINalternatives- Hedge fund seeder Capital Z Asset Management has hired a Bear Stearns veteran to head up its marketing effort and support its portfolio funds. James Marrone was named a partner and chief marketing officer at New York-based CZAM. Marrone […]
Carlyle Group to Liquidate Hedge Fund
New York (HedgeCo.Net) – The private equity firm Carlyle Group will liquidate its lone hedge fund, after stating that it failed to achieve “critical mass.” The fund, Carlyle-Blue Wave Partners Management LP, was a multi-strat fund launched by Rick Goldsmith […]
Hedge Funds: Good Activists?
Conde Nast Portfolio- Hedge funds, even at their peak of popularity, were regarded with considerable suspicion. They have taken a shellacking in the last few months as subprime tainted funds have folded or reported poor results, and “quant” strategies have […]
Cheyne selling SIV assets
LONDON (Reuters)- Cheyne Finance, a structured investment vehicle (SIV) managed by hedge fund Cheyne Capital Management, said on Wednesday it was seeking to restructure after the value of its investments fell enough to force it to start selling assets. Standard […]
Cayman Island Hedge Fund Bankruptcy Decision on Hold
West Palm Beach (HedgeCo.Net)- Judge Burton Lifland of the southern New York court recently announced his decision regarding the bankruptcies of two Bear Stearns Cayman Island hedge funds,Lifland said that he is keeping the funds’ assets out of creditors’ reach […]
Asia hedge funds’ simplicity may be saving grace
SINGAPORE/HONG KONG (Reuters)- The Asia-Pacific’s hedge fund industry, long seen as less sophisticated than its U.S. and European peers, is about to find out its focus on equities rather than complicated debt instruments may be its saving grace. Even though […]
BNP funds keep heads off block
Financial Standard- Two of BNP Paribas’ re-opened fixed income funds have been spared the guillotine and emerged with minor scratches after the company announced official valuations yesterday. BNP’s funds defied expectations by returning smaller than expected losses, with the Euribor […]
Recession fears as more hedge funds crumble
ABC Online- An influential global economist has warned the widening financial crisis could plunge the world into recession, as an Australian company becomes the latest victim of the market turmoil. The Sydney-based hedge fund Basis Yield Alpha, run by entrepreneurs […]