Monthly Archives: September 2009
The Dow Zero Insurgency
New York Magazine – Only a few loyal readers paid attention to the blog called Zero Hedge, a no-frills site full of arcane analysis decipherable only by finance professionals. But when a former Goldman Sachs computer programmer was arrested for […]
Hedge funds and private equity groups fear the Tories will not fight new European legislation on disclosure
TimesOnline – Hedge funds and private equity groups are deeply anxious that a wave of proposed European legislation on disclosure could push them out of business, with little resistance from the Tories. Hedge funds and private equity firms are desperate […]
Wall Street money rains on Chuck Schumer
Politico – Schumer, No. 3 in the Senate Democratic leadership and the former chairman of the Democratic Senatorial Campaign Committee, has offered scads of proposals that the industry doesn’t like on issues from corporate governance to derivatives to the creation […]
Brevan Howard Says Unit May Open Switzerland Office
Bloomberg – Brevan Howard Asset Management LLP, Europe’s largest hedge-fund manager, said the parent of its offshore unit may open an office in Switzerland. “The parent company of Brevan Howard’s offshore group continually evaluates global business opportunities and is currently […]
Pallotta to invest $10 million in new fund
Market Watch – James Pallotta, who shut down his Raptor Global funds this year, plans to back a new hedge fund that’s scheduled to launch in early 2010. Boston-based Northern Pines Capital will be run by Patrick Dunn and Dan […]
People Moves: G&S Fund Services Grows with Additional Key Personnel
New York (HedgeCo.net) – Hedge fund administration company, G&S Fund Services has expanded with the hire of Kairey Chen as hedge fund accountant. “Kairey Chen will be a valued addition to help support the rapid growth that G&S is experiencing,” […]
Hedge Funds Trade Lehman Bankruptcy Claims
BusinessInsider – Hedge funds and investment banks are trading Lehman bankruptcy claims. And it’s not just a matter of a couple of distressed debt funds buying the claims—it really looks like they are being actively traded. Credit Suisse, for instance, […]
Russian Tycoon Invests in Nets as Nation Courts U.S.
Bloomberg – “It’s some well-timed basketball diplomacy that will certainly help the atmospherics,” said Douglas Busvine, director of Russian research for New York-based Medley Global Advisors LLC, which consults for hedge funds and banks. “But it will take more than […]
Slumping Energy Demand Has Bottomed, Fund Manager Melis Says
Bloomberg – The decline in energy demand and drop in German electricity prices may have ended, according to the chief executive officer of hedge-fund manager Energy Capital Management BV. “The forward prices are at lows, the spot prices are at […]
EU hedge fund directive ‘could be softened’, says Liberal Democrat chair
Guardian – Britain’s efforts to soften a European directive aimed at imposing tough regulation on hedge funds and private equity firms has the support of most of the European Parliament, says Sharon Bowles, Liberal Democrat chair of the parliament’s Committee […]