Monthly Archives: September 2008
MEPs launch attack on hedge funds
EurActiv – Hedge funds and private equity could be forced to abide by minimum capital requirement rules in future if a report adopted by an influential European Parliament committee becomes EU legislation. The Parliament’s Committee for Economic and Monetary Affairs voted on […]
Lehman Stock Down After Korean Investment Talks End
New York (HedgeCo.Net) – Shares of Lehman Brothers Holdings Inc. plummeted on Tuesday amidst increasing investor concerns over the bank’s ability to raise capital. The stock dropped 45 percent to $7.79 in early afternoon trading, marking the lowest level in […]
Blackstone: $5 billion limit for LBO bank financing
Reuters – Private equity firm Blackstone Group LP’s chief operating officer said on Tuesday that the limit on bank financing for leveraged buyouts was about $5 billion. But COO Tony James said there were multiple opportunities to invest despite the […]
Hedge fund manager PMA sees capacity at $4 billion
Reuters – Hedge fund manager PMA has the capacity to manage as much as $4 billion without curtailing returns given current market opportunities in Asia, its chief executive said in an interview. The Hong Kong-based firm, which now manages about […]
RAB Tries to Halt Redemptions as Hedge Fund Drops 48%
Bloomberg – RAB Capital Plc is trying to freeze client redemptions for three years to avoid liquidation of its flagship hedge fund, which lost almost half its value this year. RAB fell as much as 14 percent in London trading […]
Africa attracting new private equity interest
Business Day – Private equity firm Actis says equity funds have embraced investing in Africa because many governments have instituted market reforms which are creating opportunities for brave investors willing to take a long-term view on Africa. “There is increased […]
RAB Capital plans to revamp flagship fund
Financial Times – RAB Capital is planning to restructure its flagship hedge fund, which plunged more than a third this year, and offering investors lower fees in return for agreeing not to withdraw their money for three years. It is […]
Candidates Must Decide on Government Role in Financial Markets
New York (HedgeCo.Net) – The recent controversial moves of Henry Paulson and the U.S. Treasury have Washington divided not only on the future of Fannie Mae and Freddie Mac, but on government’s new role in the U.S. mortgage market. […]
Britain’s FSA Cracks Down on Insider Trading
New York (HedgeCo.Net) – The British Financial Services Authority has imposed a fine on Steven Harrison for about $93,000 after accusing him of market abuse. Harrison will not be allowed to work as a trader for the next 12 months. […]
Blackstone and KKR eye Lehman assets
Reuters – Blackstone and Kohlberg Kravis Roberts & Co are each looking to buy parts of Lehman’s real estate and asset management units, sources familiar with the situation said on Friday, sparking a broad rebound in financial stocks. The real […]
Volatility Hedge Funds Outperform Industry First Time Since 2003
Bloomberg – Hedge funds that profit from turbulence in the financial markets are beating stock, bond and commodity investments for the first time in five years. Volatility hedge funds climbed 7.3 percent this year through August, according to the Newedge […]