Monthly Archives: September 2009
Diploma suit by Conn. hedge fund scammer dismissed
Hartford Courant – A federal judge has dismissed a lawsuit by a man convicted of running a hedge fund scam in Connecticut who claimed New York University owed him a diploma. Hakan Yalincak (yal-in-SACK’), an NYU undergraduate, was sentenced in […]
Credit Suisse in Preliminary Talks to Buy Mesirow Fund of Funds
Bloomberg – Credit Suisse Group AG held preliminary talks with Chicago-based Mesirow Financial Holdings Inc. about buying its $11 billion business that invests clients’ cash in hedge funds, according to two people familiar with the discussions. Credit Suisse, based in […]
Credit Suisse’s AIR Shows Positive Month for Hedge Funds
West Palm Beach (HedgeCo.net) – Long/Short Equity hedge funds returned positive performance in August mainly as a result of the continued uptrend in equity markets, according to Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse. “Following […]
Some Hedge Funds Still Feel Effects Of 2008 Redemptions
CNN Money – A year after investors began withdrawing money in a panic from hedge funds, the surviving funds seem to fall into two camps. Those funds that were quick to meet redemption requests are, in many cases, beginning to […]
HSBC Banker Sees Opportunity With Hedge Funds
New York Times – The investment banking chief of HSBC Holdings said he sees a “significant opportunity” to boost revenue from hedge funds after the collapse of Lehman Brothers last year, Bloomberg News reported. At a Nomura Holdings conference today, […]
Hedge Funds Tough To Mimic on Financials
TheStreet.com – Hedge funds that drove financial shares into the ground a year ago are piling back into the stocks, but average investors ought to be careful about mimicking their moves. The first signal of a shift in hedgie sentiment […]
Edinburgh Hedge Funds Feel Madoff Effect as Clients Get Pickier
Bloomberg – Hedge funds in Edinburgh say they escaped any direct losses from Bernard Madoff’s Ponzi scheme. That doesn’t mean they’re not living with his legacy. Clients are demanding more disclosure, quicker access to their money and individual, rather than […]
Malaysian 5-year bond-swaps negative
Forbes – The spread between Malaysia’s 5-yr IRS and 5-yr government bond yields hit a negative 9.5 bps on Thursday, as hedge funds and other speculators aggressively received 5-year swaps. The spread was a positive 9.5 bps on Aug 5. […]
Global Climate Change Fund Launch
West Palm Beach (HedgeCo.net) – Alternative investment manager and advisor, Climate Change Capital, (CCC) has been appointed to manage a climate change fund for Dublin-domiciled UCITS platform, Russell OpenWorld. The Global Climate Change Fund will be managed by Climate Change […]
Blistering report faults SEC for Madoff misses
Reuters – U.S. securities regulators missed “numerous” red flags that may have led to Bernard Madoff’s $65 billion Ponzi scheme and never did a “thorough and competent” probe despite complaints dating to 1992, a federal watchdog has concluded. The U.S. […]
Cerberus to ban withdrawals from 2 funds
Reuters – Cerberus Capital Management CBS.UL said on Wednesday it will prohibit investors in new hedge funds from withdrawing money for three years. Earlier on Wednesday, the Financial Times reported Cerberus planned to bar withdrawals in two new funds to […]
What Investors Want from Hedge Funds Now
BusinessWeek – After contributing their fair share to the more than $1 trillion in estimated global financial industry losses in this credit crunch, hedge funds appear to be on the mend. However, the alternative investment vehicles known for returns that […]