Monthly Archives: November 2011
BNY Mellon Wins European Hedge Fund Administrator
New York (HedgeCo.net) – BNY Mellon has been awarded five awards at International Custody and Fund Administration (ICFA) magazine’s European Service Provider Awards 2011. “These awards are testament to the hard work of our employees across Europe.” Michael Cole-Fontayn, Chairman […]
BofA, Goldman Sachs, Citigroup Credit Ratings Cut by S&P
Bloomberg – Bank of America Corp. (BAC), Goldman Sachs Group Inc. (GS) and Citigroup Inc. had long-term credit grades reduced to A- from A by Standard & Poor’s after the ratings firm revised criteria for dozens of the world’s biggest […]
IMN Survey Finds Investors Eager to Intensify Risk Appetite & Grow International Exposure
A recent survey conducted by Information Management Network (IMN), global organizers of institutional finance and investment conferences, found that 93.3% of respondents believe market volatility will remain the same or increase in 2012, indicating that another year of instability is […]
Funds, refiners ponder oil Armageddon: war on Iran
Reuters – Oil consuming nations, hedge funds and big oil refineries are quietly preparing for a Doomsday scenario: An attack on Iran that would halt oil supplies from OPEC’s second-largest producer. Most political analysts and oil traders say the probability […]
Hedge funds fear Italy, Spain default
Reuters – Almost half of hedge fund managers believe Italy and Spain, two major countries at the centre of the euro zone debt crisis, are likely to default, a survey published on Tuesday showed. A majority of the managers surveyed, collectively representing […]
Ex-Goldman, Mizuho Bankers to Start Global Macro Hedge Fund
Bloomberg – Edgebell Capital Co., run by former bankers at Goldman Sachs Group Inc. and Mizuho Corporate Bank Ltd., aims to start a global macro hedge fund in February that will wager on trends in stocks, bonds and currencies. The […]
Hedge Fund Veteran Meredith Jones Joins Rothstein Kass
New York (HedgeCo.net) – Rothstein Kass announced that hedge fund specialist Meredith Jones has joined the firm as a Director. In this newly created role, Meredith is responsible for generating research and content on the alternative investment industry by and on behalf […]
Hedge Funds Care Comments On The Senate’s Hearing Into Child Abuse
New York (HedgeCo.net) – Hedge Funds Care, a global charity dedicated to preventing and treating child abuse, published a press release commending the Senate HELP Committee’s planned hearing on December 13 that will “examine how well our nation is protecting children from […]
Capital One to Exit $150 Million in Funds, Citing Volcker Rule
Bloomberg – Capital One Financial Corp., the top performer this year in the KBW Bank Index, plans to sell or restructure hedge-fund and private-equity investments prohibited by new U.S. regulations. Capital One holds about $150 million in stakes disallowed under […]
Algorithmics launches its hedge fund reporting service in US
Banking Business Review – Algorithmics, an IBM Company and a provider of enterprise risk solutions, has said its hedge fund reporting service, Algo Risk Reports, is now available for the US market, to help hedge funds meet new demands from regulators […]
Hedge funds fear Italy, Spain default – survey
Reuters – Almost half of hedge fund managers believe Italy and Spain, two major countries at the centre of the euro zone debt crisis, are likely to default, a survey published on Tuesday showed. A majority of the managers surveyed, collectively representing […]
Secret Fed Loans Gave Banks $13 Billion
Bloomberg – The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing. The Fed didn’t […]