Monthly Archives: November 2009
Galleon’s switch to cash may ease redemptions
The assets of Galleon Group have not been frozen by the US authorities and there should be no hold up in returning money to investors, a source familiar with the matter said. More than 90 per cent of the funds […]
Hedge Fund Specialists Man Investments and Credit Suisse Launch Joint Offering
New York (HedgeCo.net) – Man Investments and Credit Suisse are launching a managed accounts initiative in response to investors’ increased demands for transparency, liquidity and control. The new initiative brings together Man’s extensive managed accounts platform and portfolio management expertise […]
K1 auditor says would be “bold” to conclude fraud
Reuters – An auditor for German hedge fund K1 Global Ltd said that “liquidity of K1 is apparently scarce”, temporarily preventing payouts to banks and clients, but it would be “bold” to conclude this stemmed from fraud. “Until now nothing […]
General Growth jumps after hedge fund investment
Struggling General Growth Properties Inc. rallied Tuesday after disclosing an investment from hedge fund manager Pershing Square Capital Management LP. General Growth stock nearly doubled in morning trading. New York-based Pershing Square Capital bought 20.1 million shares of General Growth […]
Lehman may force collapse of hedge funds
The Daily Deal – Lehman Brothers Holdings may have gone bankrupt eight weeks ago, but the filing continues to reverberate throughout the financial world and even in some unexpected places like the National Football League’s New York Giants. The latest to […]
Satellite Halts Hedge Fund Withdrawals, Fires 30 After Losses
Bloomberg – Satellite Asset Management LP, founded by former employees of billionaire George Soros, stopped client withdrawals from its three largest hedge funds and eliminated more than 30 jobs after losses reduced the firm’s assets to about $4 billion this […]
Hedge funds done with selling?
Daily News and Analysis – With the last of the deadlines for hedge funds investors to file their redemption requests approaching, experts feel most of them may be done with their selling. The Sensex has lost 1,761 points in the […]
100 Women in Hedge Funds Raise Funds for Cancer Care and Prevention
West Palm Beach (HedgeCo.net) – Leaders across the hedge fund industry gathered together and raised more than $1.7 million at the 100 Women in Hedge Funds 2008 New York Charity Gala at Cipriani in New York City last Wednesday night. […]
A New Track for Private Equity
The major broker-dealers have been decimated, with only Morgan Stanley and Goldman Sachs remaining independent and solvent. There are daily fears of hedge funds facing the equivalent of a bank run, as investors scramble to withdraw their cash. Those private-equity […]
Carlyle Group To Launch New Fund with $14 Billion
New York (HedgeCo.Net) – At a time when many hedge funds are experiencing their worst year to date, private equity firm The Carlyle Group is launching a new fund with around $14 billion in capital. According to a report by […]
Pacificor Hedge Fund Faces Lawsuit
New York (HedgeCo.Net) – The hedge fund formerly run by the late Michael Klein has been sued by two individuals who owned a mortgage lending business in which the fund had a stake. John and Kitty Gaiser are suing California-based […]
FoHF Lighthouse Expands Through Integration with GlobeOp
West Palm Beach (HedgeCo.net) – Fund of hedge funds Lighthouse Partners announced that it is expanding its partnership with GlobeOp Financial Services to a full-service fund administration relationship. More than 20 professionals from the Lighthouse operations team in Florida will […]