Monthly Archives: September 2008
Withered hedge funds set for severe autumn pruning
Times Online – Who would be in hedge funds right now? Man Group, which has long traded on its name as the world’s largest hedge fund manager, yesterday found the tag something of a liability. The shares lost 35½p to […]
Asian hedge firms loathe, fear short rule spread
Reuters HK – Asian hedge fund managers are waiting with dread to see if tough new short selling restrictions sweep across the region after Australia and Taiwan joined U.S. and UK regulators in cracking down on the practice. Major Asian […]
US hedge fund Paulson bets big against UK banks
Reuters – John Paulson, a U.S. hedge fund manager who gained a superstar reputation with a big bet against the U.S. housing market, was shown holding a 1 billion pound ($1.9 billion) bet against UK banks as short sellers were […]
Wild markets bring turmoil to hedge funds
Boston Globe – Hedge funds usually thrive when markets turn volatile. But even these fast-money investors are struggling to cope with the wild swings in the markets, raising concern that some may not survive. Even before the Bush administration proposed […]
Hedge funds shy from Bush’s Wall St. bailout
Reuters – Hedge funds are unlikely to be among financial institutions clamoring to unload their bad debts under a proposed $700 billion Wall Street bailout plan, the chief of the funds’ lobbying group said on Tuesday. "I think it’s unlikely […]
Hedge funds grab the spotlight on Wall St.
Politico.com – Even as the storied financial names vanish — Lehman Brothers, Merrill Lynch and Bear Stearns — they’re being quietly replaced by less familiar ones: Cerberus Capital Management, Citadel Investment Group, SAC Capital Partners and the other biggest hedge […]
Hedge Funds Challenge Lehman Sale
Reuters – A hedge fund that specializes in distressed investments has filed a notice of appeal in the Lehman Brothers Holdings Inc bankruptcy case, indicating it intends to challenge the court order approving the sale of Lehman’s core U.S. business […]
2-EU’s McCreevy says no need to regulate hedge funds
Reuters – Hedge funds and private equity funds should be monitored closely but there are no plans to propose regulation, a top European Commission official said on Monday, sparking anger from left wing lawmakers. It has been the heavily regulated […]
‘Short’ Attack May Spur Hedge Funds To Sue
New York Post – As the Securities and Exchange Commission continues its assault on short sellers, hedge funds are discussing legal action to challenge Chairman Chris Cox’s recent moves – just as funds in the UK are considering lawsuits against […]
Hedge funds suffer mass redemptions
Independent – Hedge funds could have an unprecedented level of cash pulled out by investors this quarter, according to insiders, just as they faced millions of pounds of losses from last week’s shock regulation of short selling. It has been […]
Crisis to spur big Asia hedge fund shake-out
Reuters – Asia’s hedge fund industry, one of the world’s worst performers even before the latest surge in volatility, will see a major shake-out as the global financial turmoil shuts down a huge swath of managers. Few in the industry […]