Monthly Archives: August 2007
Top banker at Barclays quits amid funds crisis
Belfast Telegraph – The credit crunch has claimed its first high-profile resignation in the UK with the departure of Barclays’ head of European collateralised debt obligations (CDOs), the explosive debt products that have helped to cause the meltdown. Edward Cahill, who […]
Hedge funds account for 90% of FII sales
Business Standard- Hedge funds accounted for nearly 90 per cent of the Rs 16,000 crore worth stocks sold by foreign institutional investors since July 27. Top officials of foreign brokerages said except for the long-only hedge funds, other hedge […]
Resurrection of a hedge fund
Financial Times- Hedge fund managers like to brag about the “Darwinian selection†that kills off their less successful brethren and helps the best-performing to grow rapidly. But evolution is hardly the word to describe changes the hedge fund arm of […]
Goldman Global Equity Hedge Fund Rises 12% After Cash Infusion
Bloomberg- Goldman Sachs Group Inc.’s Global Equity Opportunities hedge fund rose 12 percent last week after the securities firm shored up the money-losing pool with $3 billion of cash, investors said. Assets more than doubled to $7.5 billion as New […]
Hedge funds seek injunction to stop Mittal Arcelor merger
THE HAGUE: Three hedge funds on Wednesday asked a Dutch court to block the merger between steel giants Mittal Steel and Arcelor because the companies changed their originally announced share exchangeratio. SRM Global Master, Trafalgar Catalyst and Trafalgar Entropy argued […]
Hedge funds benefit from sub-prime collapse
Global Pensions- Many hedge funds have been able to generate profits as a result of the decline in the sub-prime mortgages space, according to Hennessee Group LLC, an adviser to hedge fundinvestors. While acknowledging that some hedge funds focused on […]
Thames River Capital profits jump
Reuters- Investment boutique Thames River Capital, which runs more than $10 billion (5 billion pounds) in assets, reported a 23 percent increase in annual profits, helped by rising markets up untilMarch. Thames River, which runs hedge funds and traditional portfolios […]
Volatile Markets Spook Money Centers
Wall Street Journal- For the past two years, financial institutions fueled the robust office markets of New York and London. Rental rates soared to record highs as hedge funds and a few other financial institutions elbowed each other out of […]
Unions Slam Brussels Over Hedge Funds
BusinessWeek- The European Commission was on Monday (20 August) accused of “monumental complacency” by trade unions for not doing more to regulate hedge funds. The European Trade Union Confederation (ETUC) lashed out at Brussels and EU internal market commissioner Charlie […]
Hedge Funds Eye Shareholder Moves
CNNMoney.com- Some hedge funds with heavy exposure to complicated, often illiquid securities likely are in for a rough ride in the next few months if investors take out their money. Many funds’ returns have suffered. Heavy redemptions can deepen losses. […]
EC accused of complacency over hedge funds
London Stock Exchange- Criticism has been levelled at the European commission (EC) over alleged complacency over hedge funds, with critics claiming that the commission is not doing enough to regulatethe sector. These calls have come from trade union members who […]
Customer Effective Launches Hedge Fund Tool
West Palm Beach (HedgeCo.Net)- Customer Effective has announced the launch of ‘Capital Effective’, a front office relationship management solution designed exclusively for the financial services and hedge fund market. ‘Capital Effective’ will serve organizations in commercial banking, private equity, investment banking, […]