Monthly Archives: September 2008
Hedge Funds Perform Well
Cayman Net News – Despite the ongoing housing crisis in the US, the credit crunch, and the general slowing of the American economy the number of hedge fund terminations in the most recent financial year has been only slightly higher […]
Hedge Fund Rebukes Republic Services
Wall Street Journal – Hedge fund Elliott Associates LP made public a letter to Republic Services Inc. in which it said the company’s board wasn’t doing its duty by fully considering the raised $6.73 billion takeover bid from Waste Management […]
Hedge Funds Raise Cash To Repay, Not Reinvest
Seeking Alpha – Some analysts say a big-picture trend presently unfolding involves hedge funds and other players unwinding bets on commodities/foreign currencies and plowing the proceeds into U.S. financial and other stocks. They are doing this for valuation reasons and […]
Advent raises $560 mln for first PE fund in Japan
Reuters Tokyo – Global buyout firm Advent International said it has raised 60 billion yen (317 million pounds) for its first private equity fund in Japan. The fund, which opened its office in Tokyo in 2001, will target companies with […]
Hedge Funds Hit An All Time Low – HFR Report
West Palm Beach (HedgeCo.net) – New investments in hedge funds for the first six months of 2008 was below $30 billion, according to Hedge Fund Research, way below the $118 billion raised for the same period the year before, making […]
Senate report: Investment banks helped foreigners evade millions in US stock dividend taxes
Los Angeles Times – Big Wall Street investment banks have designed and marketed schemes enabling non-U.S. taxpayers, including offshore hedge funds, to evade millions of dollars in taxes each year on U.S. stock dividends, Senate investigators have found. Some banks […]
Pegasus’ Auto Loan Fund Shows Positive Trend
West Palm Beach (HedgeCo.net) – Hedge fund advisor and manager American Pegasus LDG, LCC., is seeing the 36th subsequent month of positive returns for the Pegasus Auto Loan Fund, which invests in US subprime auto loans. The fund has returned […]
Doubts Increase on Korea Hedge Fund Deregulation
BusinessWeek – Some participants in South Korea’s nascent alternative-investment market have grown pessimistic over the ability of incoming legislation to support the development of an onshore hedge funds industry. The Capital Markets Consolidation Act will become effective in February. It […]
Hedge Funds Gone Wild
CNBC – Hedge funds have more control over stock prices than market and business fundamentals, Cramer said yesterday during Wednesday’s show, but now it looks like at least two companies are fighting back. Yesterday Cramer explained how massive hedge fund […]
Fortis winds down three hedge funds
Fortis has closed three small hedge funds in the aftermath of its acquisition of part of ABN Amro and merger of the Belgian and Dutch banks’ asset management operations, according to a report in the Financial Times. The Fortis European […]
Ausdrill blames share slump on hedge fund
News.com.au – Takeover target Ausdrill has blamed a fall in the company’s share price on hedge fund selling after comments from suitor Macmahon that its bid was unlikely to succeed. Ausdrill said that it believes selling from hedge funds accounted […]