Monthly Archives: September 2007
Global Advisors to Shut Two Commodity Hedge Funds
Bloomberg – Global Advisors LP, the commodities hedge fund firm co-founded by former JPMorgan Chase & Co. energy trader Daniel Masters, is shutting two of its three funds after losses in allcommodity markets this year. The $60 million Global Advisors […]
Hong Kong SFC Says Hedge Funds Are Not For Everyone
West Palm Beach (HedgeCo.Net)- The Hong Kong Securities and Futures Commission (SFC) reminded investors in a press release today that although hedge funds are often marketed as “all weather†funds for different market conditions, their strategies do not always work […]
Humor: Hedge-Fund Managers March on DC
Newsweek- Demanding further intervention from the Federal Reserve to protect their endangered fortunes, thousands of the nation’s leading hedge-fund managers marched on Washington today.’ Dubbed “The Million Mercedes March,†the protest was said to be the largest chauffeur-driven demonstration in […]
Investors withdraw $55bn from hedge funds
Telegraph.co.uk- Hedge funds suffered their worst month of redemptions in seven years in July after some $55bn (£27.4bn) was withdrawn by jittery investors concerned by lowered returns amid the global credit crunch. The sector, until recently seen as one of […]
Turbulent markets may change UK and US
LONDON (Thomson IM) – The USA and UK are likely to change their stance on hedge fund transparency regulation in view of the recent market turbulence, the German finance minister Peer Steinbrueck said at a conference. The minister stressed in […]
Franklin Templeton buys into Dubai asset manager
Reuters – Franklin Templeton Investments, which manages $621 billion in assets, has bought 25 percent of Dubai’s Algebra Capital Ltd and wants to grow its business in Arab markets, it said on Tuesday. Franklin Templeton is a unit of Franklin […]
Gerken Capital Associates launches GCA Latam Hedge Fund
HedgeWeek- Gerken Capital Associates, a San Francisco-based alternative asset manager that manages or advises on USD1.4bn in assets, has announced the launch of the GCA Latam Hedge Fund, with BBVA Bancomer, a wholly-owned subsidiary of Madrid-based Banco Bilbao Vizcaya Argentaria […]
MARKETS BRACE FOR SEISMIC SEPTEMBER
New York Post – The Labor Day weekend is over, the kids are back in school and Wall Street traders have returned to their desks, bracing themselves for a bumpy ride. But this year investors shouldn’t count on the “Santa […]
Hedge Funds Circle $43-Billion Fire Sale
CNBC – Fire sales worth up to $43 billion could soon spark a flurry of opportunistic investment, according to a recent report from the Royal Bank of Scotland, as the ongoing squeeze in the commercialpaper market forces investment banks to […]
Hedge funds move to block Arcelor-Mittal merger
Worldnews.com= Hedge funds in steel giant Arcelor asked a Dutch court on Wednesday to block the company’s 30 billion ($40 billion) takeover by Mittal Steel, saying that a revised share swap deal has cost them $205 million. “We are only […]
South Africa’s New Hedge Fund Regulations
West Palm Beach (HedgeCo.Net)- Just as South Africa’s Financial Services Board (FSB) is coming out with new regulations governing the area’s hedge fund industry, Terrapinn is presenting Hedge Funds World Africa 2007. Last year there was a record turnout of […]
Barclays Bails Out A Hedge Fund – Forbes
Forbes- Barclays now has to grapple with both a buyout and a bailout. Midway through its gargantuan takeover bid for Dutch rival ABN Amro, the British bank said it is rescuing a hedge fund client with a $1.6 billion loan. […]