Monthly Archives: September 2008
RAB Capital Hedge Fund Chief to Step Down
New York (HedgeCo.Net) – Philip Richards, head of hedge fund RAB Capital, is stepping down and will be replaced with Finance Director Stephen Couttie, according to a statement made by the company yesterday. Richards ran the $1.4 billion Special Situations […]
Merrill Pushing Bad Debt for Petty Prices
New York (HedgeCo.Net) – Merrill Lynch is still hoping to strike a deal in which Korea Asset Management Corp. would purchase a significant amount of their bad debt. Talks have been stagnant because of recent disputes over prices, but some […]
JGB futures tumble as hedge fund selling spooks
CNBC – Japanese government bond futures tumbled nearly a full point on Thursday, with traders citing selling by foreign funds in a move that was exaggerated by thin conditions. September futures plunged as much as 1.14 points to 137.11 as […]
Big funds take dive as prices plummet
Myrtle Beach Online – The deflating commodities bubble is claiming its first casualties as large investment funds absorb staggering losses from bad bets that prices for oil, precious metals and grains would keep going up. Hedge fund operator Ospraie Management […]
Dry times for hedge funds
Asia Times – In olden days, explorers sailing the world’s oceans in search of new profit opportunities navigated the unknown by means of looking to the heavens and guiding by the stars. Today, investors still attempt to navigate the dark […]
Unigestion Hires Former Julius Baer Manager as Head of Hedge Funds
West Palm Beach (HedgeCo.net) – Privately owned asset manager, Unigestion, has appointed Konstantinos Iordanidis as Managing Director and Head of Hedge Funds. Unigestion has $11 billion invested in hedge funds, private equity funds and quantitative equity strategies. Iordanidis is a […]
Resource rout claims hedge fund
Globe and Mail – A year ago, Dwight Anderson was being hailed as the "king of commodities," a precocious 40-year-old hedge fund manager who made a prescient – and highly profitable – bet that global food prices would spike in […]
Commodities bubble burns big investment funds
Miami Herald – The deflating commodities bubble is claiming its first casualties as large investment funds absorb staggering losses from bad bets that prices for oil, precious metals and grains would keep going up. Hedge fund operator Ospraie Management LLC […]
Hall Capital Partners Appoints Rick Grand-Jean as Director of Business Development
San Francisco – Hall Capital Partners LLC, an independent investment advisor overseeing $22 billion in global multi-asset class strategies for high-net-worth and institutional investors, is pleased to announce the expansion of the firm’s marketing efforts with the appointment of Richard […]
Morgan Stanley’s Frontier Fund Issues Over 7 Million Shares
West Palm Beach (HedgeCo.net) – The Morgan Stanley Frontier Emerging Markets Fund, Inc. (the “Fund”) has issued 7,100,000 shares of common stock at a price of $20 per share resulting in gross proceeds to the Fund of approximately $142,000,000. The […]