Monthly Archives: November 2008
Polygon Concedes to British Energy, Winds Down Flagship Hedge Fund
West Palm Beach (HedgeCo.net) – Alternative investor, Polygon Investment Partners LLP has agreed not to further oppose the restructuring of the company by British Energy and other shareholders, in exchange the shareholders and British Energy have agreed to stop all […]
Moore Hires Greg Coffey as European Co-Chief Investment Officer
Bloomberg – Moore Capital Management LLC, founded by Louis Bacon almost two decades ago, tapped Greg Coffey, former GLG Partners Inc.’s top-performing money manager, to be co-chief investment officer of Moore’s European business. Coffey, 37, will join London-based Moore Europe […]
Australian, New Zealand Dollars Rise as Global Rate Cuts Seen
Bloomberg – The Australian and New Zealand dollars rose as Australian stocks advanced on anticipation interest-rate cuts worldwide will bolster global economic growth. The currencies advanced against the yen as Australia’s S&P/ASX 200 Index gained for the fourth day, its […]
Official defends $144M decision
Newark Star-Ledger – Prompted by criticism from a prominent state lawmaker, the head of the state’s Division of Investment yesterday defended his decision to invest $144 million in pension funds in a BlackRock Inc.-managed hedge fund in the past two […]
Big-name investors, CEOs and hedge funds don’t escape market storm, posting big losses
NewsDay – Here’s something that might provide a bit of solace amid the plunging values in your retirement accounts: Warren Buffett is losing lots of money, too. So are Kirk Kerkorian, Carl Icahn and Sumner Redstone. They are still plenty […]
India-focused hedge funds lost 46% in ’08
Times of India – Often-touted as manipulative, hedge funds have been time and again blamed for indiscriminate selling and thereby pulling down the domestic stock prices even in India. But India-focused hedge funds have also been affected by the meltdown. […]
Money-Laundering Risk Of Hedge Funds Gauged
Washington Post – Seven years ago the Patriot Act required every financial institution to establish a program to combat money-laundering. But the roughly $2 trillion hedge-fund industry today remains free of any such government restrictions, and this week the Treasury […]
Hedge fund Ramius considers closing HK unit
Boston Globe – Ramius, a U.S. hedge fund with $11 billion under management, is considering handing back its Hong Kong trading and advisory licenses, in a sign that some funds are retreating from Asia, the Financial Times reported. The move […]
GAIM USA 2008 Unites More Influential Asset Allocators and Hedge Fund Managers
New York – November 30, 2007 – Well over 800 senior hedge fund industry professionals are expected to attend GAIM USA, the largest quality gathering of hedge fund industry decision makers anywhere in North America. GAIM USA will run January […]
Systematic Absolute Return AG to Launch Dedicated Environmental Fund
ZURICH, Switzerland – After having researched environmental or “green†investments for the past 12 months, SAR has completed its rigorous due diligence process and has set a January 1st, 2008 launch date for a unique new environmental fund of hedge […]
Hedge Fund to Nominate Four for Brink’s Board
New York Times- Millbrook Capital, the activist hedge fund seeking a breakup or sale of the Brink’s Company, is expected to announce its four nominees today for directors of the security company. The announcement is the next step in Millbrook’s […]
GMN CAPITAL Computer model woes lead to fund
Chicago Tribune- In a sign of continuing woes for hedge funds that use computer models to trade, GMN Capital has decided to close down and will return its investment capital, the fund’s chiefexecutive said. James Claus, who also is a […]