Monthly Archives: September 2009
Paulson mulls CIT-IndyMac merger: report
Reuters – Hedge fund manager John Paulson is considering merging troubled U.S. finance company CIT Group Inc with failed mortgage lender IndyMac Federal Bank, the New York Post said, citing people familiar with the matter. CIT shares rose 9.6 percent, […]
Hedge funds still to make mark in India
Global Investor – Hedge funds are yet to make their presence felt in India, according to panelists at the Asia Securities Financing Master Class. Hedge funds are yet to make their presence felt in India, according to panelists and participants […]
GLG launches distressed fund targeting European company debt
CityWire – Hedge fund giant GLG Partners has launched a fund to exploit the debt problems across European corporations, according to report in the Financial Times. GLG, one of the world’s largest alternative asset managers, is said to have started trading […]
Hedge Funds Reborn
Forbes – Hedge fund managers (and would-be hedge fund managers) may finally have reason to celebrate this year — new fund launches are on the rise. If they keep up at this pace, it could be the first year since […]
Fatal escalator fall at The Pier at Caesars ruled accidental
Atlantic City – Authorities are calling James P. Vellanti’s 30- to 40-foot fall from an escalator early Sunday at The Pier at Caesars an accidental death. Atlantic County Medical Examiner Dr. Hydow Park found multiple traumatic injuries in Vellanti’s autopsy. […]
Hedge funds profit from stock sales
Connecticut Post – Hedge funds that in the past sought to profit from rising and falling equities are gaining by buying into companies that sell shares to cut debt and fund purchases, according to SAC Global Investors LLP’s Rob Leach. […]
Holon Fund Gains 1.86% in August, 25.25% YTD
New York (HedgeCo.net) – Hedge fund manager Quantum Global Financial Corp. (QGF) reports a 1.86% gain in August for its Holon Fund, bringing the year-to-date return to 25.25% and the rolling 12-month return to 29.18%. For the same 12 months, […]
SF says Lisbon is bad deal for Ireland
Belfast Telegraph – Finance Minister Brian Lenihan is asking Libertas leader Declan Ganley to confirm that his financial backers are not betting against Ireland on the international markets. Reports over the weekend named a hedge fund as being one of […]
‘Insights for Investors’ Conference Draws Hedge Fund Managers
New York (HedgeCo.net) – The GlobeOp seminar drew a capacity audience of hedge fund investors and managers, representing approximately $260 billion in assets under management, in New York City over the weekend. Speakers representing Lighthouse Investment Partners, Lyxor Asset Management, […]
Twitter lures in an unusual backer
Total Telecom – Twitter Inc., the latest Silicon Valley start-up to stir up investor excitement based on lofty expectations and an unformed business model, has a new backer that’s been a relative stranger to venture capital in recent years: T. […]
Hedge funds: If you can’t beat ’em …
TheDeal.com – Since increased regulation for hedge funds and private equity managers is essentially inevitable, several organizations, including the Managed Fund Association and the Alternative Investment Management Association, have stopped trying to stymie legislation, but they have instead saddled up […]