Monthly Archives: August 2007
Hedge Fund Numbers in Japan Grow as Stocks Languish
Bloomberg- Hiromichi Tsuyukubo ran the best- performing fund in Japan at Mitsubishi UFJ Asset Management Co., an arm of the nation’s biggest lender. Then, after six years, he decided to join a hedgefund. “Back at my old job, I couldn’t […]
BNP to reopen frozen funds in subprime blizzard
PARIS (Reuters)- BNP Paribas said on Thursday it would reopen next week three investment funds it had frozen this month amid subprime volatility in a step that may help restore investor confidence,which took a hit on their suspension. Chief Executive […]
Judge extends bankruptcy protection for 2 Bear Stearns hedge funds
CNBC- A federal judge on Monday barred investors from seizing the assets of two Bear Stearns Cos. hedge funds for 10 days, but indicated he is considering lifting the funds’ U.S. bankruptcyprotections. Judge Burton Lifland of the U.S. Bankruptcy Court […]
Hedge Fund Company Launches Real Estate Marketing Tool
West palm Beach (HedgeCo.Net)- Hedge fund backed Terablitz recently announced the launch of Terabitz Home Snapshots, which, according to the company, “Give the real estate professional an innovative solution that enables them to more effectively build their client base, and help […]
Hospital Eyes Hedge Funds
The Free Lance Star- MediCorp Health System may start investing in “alternative investments” including hedge funds, an executive for the Fredericksburg nonprofit said. MediCorp’s board of trustees will likely vote on that issue later this year, said Chief Financial Officer […]
Hedge Fund $400m Loss
Boston Globe- James Pallotta, Boston’s highest-paid hedge fund manager and a part owner of the Boston Celtics, told investors in his $8.5 billion Raptor fund yesterday that some of the investments in the fund were “simply crushed” by the market […]
Australian Hedge Fund Up $20 Million
West Palm Beach (HedgeCo.Net)- HFA Holdings, an Australian hedge fund manager that manages more than $3 billion, announced a surge in annual profit, and says the outlook is very positive. Paul Jensen, cheif Executive at HFA, said the outlook for […]
Hedge-funds operator sued
Denver Post- Colorado Securities Commissioner Fred Joseph has filed a fraud lawsuit in Denver District Court against a Colorado Springs man who ran two hedge funds worth $3 million. The complaint alleges Brian J. Peterson abandoned the operation, leaving 30 […]
Islamic Financial Services Board Hosts Forum
West Palm Beach (HedgeCo.Net)- The Islamic Financial Services Board (IFSB) and the Financial Stability Institute (FSI) of the Bank for International Settlements today announced the presentation of “The European Challenge” it will be the 2nd Forum on Islamic Financial Services. The forum will be […]
Nobel economist Merton to open new hedge fund
Reuters.uk- Robert Merton, the Nobel Prize winner who co-founded the failed hedge fund Long-Term Capital Management, said his new firm plans to start an asset management business and open newhedge funds. Trinsum Group, the firm created when Merton’s Integrated Finance […]
Hedge-fund redemption shock
CNN Money- Investors are expected to hit hedge funds with a flood of redemption requests this fall, but those who try to withdraw their money may be in for an unpleasant surprise. Most hedge funds have “lock-ups,” a minimum period […]
China rate rise to hit bonds and stocks
SHANGHAI (Reuters)- China’s latest official interest rate rise is likely to halt a rebound in its bond market and slow a bull run on the stock market, while boosting the yuan moderately after itsrecent weakness. The central bank announced after […]