Monthly Archives: September 2007
Man Investments sees turmoil as opportunity
Reuters- Cash-rich hedge funds are likely to spot investment opportunities in the financial market turmoil which has hit a few of their high-profile rivals, a senior official at Man Investments said on Thursday. “I don’t think this is a hedge […]
Hedge-Fund Billionaires Eyed by Congress for More Medicare Tax
Bloomberg- James Simons, the highest-paid hedge-fund manager in the U.S. last year, could pay enough in Medicare taxes to provide health insurance for about 4,800 senior citizens. Such estimates are being cited by backers of a proposal in the U.S. […]
GA shuts two struggling funds
MSNBC- Global Advisors, a London and New York-based hedge fund manager specialising in commodities, has shut down two of its three funds and is considering a merger after poor performance saw investors lose confidence. GA is shutting its $60m (£29.6m) […]
Hedge Funds Expand in Primary Lending
Forbes- Hedge funds are increasingly positioning themselves as direct lenders to companies that are having trouble borrowing money from banks or through the bond market. These investors aren’t strangers to the world of lending, and they’re preparing to play a […]
US Congress debates raising tax on private equity and hedge funds
International Herald Tribune- Pension fund and tax experts told the U.S. Congress on Thursday that a proposal to more than double the tax rate of executives at private equity and hedge funds, whichinvest money from pension funds, would have a […]
RMF Launches Global Environmental Fund of Hedge Funds
West Palm Beach (HedgeCo.Net)- Swiss-based RMF Investment Management has has announced the launch of a global fund of hedge funds that will invest purely in environmental industries and strategies. The RMF Environmental Opportunities Fund, which the company said is the […]
Seth Tobias, Hedge-Fund Boss and TV Commentator Dies
Bloomberg- Seth Tobias, the managing member of hedge-fund firm Circle T Partners LP and a financial-news commentator, was found dead yesterday in the pool of his Florida mansion, police said. He was 44. Tobias was discovered by his wife, Filomena, […]
German sees opposition to hedge fund rules funds fading
International Herald Tribune – The German finance minister, Peer Steinbrück, said Tuesday that turmoil in credit markets might have made officials in the United States and Britain more willing toconsider a code of conduct for hedge funds. “In light of […]
McCreevy turns down calls to intervene in hedge fund operations
Times Online – Charlie McCreevy, the European Internal Market Commissioner, said yesterday that hedge funds had been particularly active in troubled structured credit markets, but absolved them ofany blame for this summer’s financial turbulence. Conceding that many hedge funds and […]
Investors Pulled $32 Billion from Hedge Funds in July
New York Times – For hedge funds, July, it seems, was the cruelest month. Until the August figures are released. Hedge funds, with a combined $1.9 trillion in assets, in July posted the largest drop in investments in seven years, […]
US ruling could impact hedge funds
Cay Compass -A US bankruptcy court ruling last week concerning two failed hedge funds incorporated in the Cayman Islands could have implications for other troubled hedge funds incorporated off–shore. The court ruled the two hedge funds could not protect themselves […]
Hedge funds used deceit, suit says
Raleigh News & Observer – A small Triangle company has accused a group of hedge funds of scheming to manipulate its stock for profit. Cyberlux, a Research Triangle Park company that designs and makes lighting, has sued the hedge funds, […]