Monthly Archives: November 2008
Witnesses Call for Tighter Hedge Fund Restrictions
New York Times – Several leading hedge fund managers told Congress on Thursday they support some new regulation of hedge funds and the complex derivative securities that are partly blamed for the global financial crisis. But they advocated only the […]
House panel discusses hedge funds
The Money Times – A U.S. House committee Thursday reviewed hedge funds, which the panel’s chair called "virtually unregulated." Because they aren’t required to report on their holdings, leverage or strategies, "hedge funds are virtually unregulated," said Rep. Henry Waxman, […]
TPG’s Bonderman eyes debt assets sold by hedge funds
Reuters HK – David Bonderman, one of the the most influential figures in the U.S. private equity industry, said on Thursday his firm, buyout giant TPG Capital TPG.UL, wanted to buy debt assets offloaded by troubled hedge funds. Bonderman, speaking […]
Malaysia eyes Islamic hedge funds
Reuters – Malaysia is working on a plan to allow the creation of Islamic hedge funds. "It is now in the developmental stage,” Goh Ching Yin, an executive director at the Securities Commission, was quoted as saying by Business Times […]
Nov. 15 Redemptions Could Overwhelm Unprepared Hedge Funds
Financial-Planning.com – The fate of many a hedge fund relies on what investors decide to do with their money on Nov. 15, when it is possible an overwhelming majority could ask for their money back by the end of the […]
Aberdeen CEO sees chance to buy hedge funds
Reuters UK – Fund manager Aberdeen Asset Management is eyeing opportunities to snap up funds of hedge funds and funds of private equity funds at bargain-basement prices, its chief executive said on Thursday. Martin Gilbert said that with opportunities in […]
US hedge funds anxious as redemption deadline looms
Reuters – Anxiety is sweeping the hedge fund industry before a crucial deadline on Saturday, when investors angered by recent heavy losses are expected to demand the return of billions of dollars. "Managers have a pretty good feeling for what […]
Hedge funds not defensive after all
The Age – A big difference between this year’s bear market and earlier declines is that most investors who have their money invested in multi-sector balanced superannuation funds have received little protection from the traditional defensive asset class, fixed interest. The […]
Palm Beach Hedge Fund Burned by Ponzi-Schemer Petters
New York (HedgeCo.Net) – South Florida-based hedge fund Palm Beach Finance Partners LP says it lost more than $1 billion to the company run by famed fraudster Tom Petters. Petters headed Minnesota-based Palm Beach Finance Holdings Inc. before being charged […]
Strong Performance For Pure Capital In October
West Palm Beach (HedgeCo.net) – Pure Capital Limited, a quantitatively-driven hedge fund specializing in “targeted non-correlation” saw strong performance from their “Pure Bespoke” customized portfolio solutions in October – with client account performance ranging from +4% to +10% for the […]
TPG’s Bonderman eyes debt assets sold by hedge funds
Reuters – David Bonderman, one of the the most influential figures in the U.S. private equity industry, said on Thursday his firm, buyout giant TPG Capital , wanted to buy debt assets offloaded by troubled hedge funds. Bonderman, speaking at […]
AdultVest Closes Offering on Priapus, Says Fund on Track for the Year
West Palm Beach (HedgeCo.net) – Alternative investment management firm and Hedge Fund Launch of the Year Award Winner, AdultVest, Inc., announced it officially closed its offering in the Priapus Investment Fund, LLC. "In spite of the US and Global economic […]