Monthly Archives: February 2008
Standard Chartered Throws in the Towel on Whistlejacket
HedgeCo.Net (West Palm Beach) – UK based Standard Chartered has ditched its $7.2 billion structured investment vehicle after assets fell further and “the confines of receivership” took a toll on the fund. The Whistlejacket fund, an SIV that issued short-term […]
Tremont Hires FoHF Specialist
West Palm Beach (HedgeCo.Net)- Tremont Capital Management announced the appointment of fund of hedge fund specialist Susan Crotty as Managing Director of Investment Management Services. “Sue’s extensive experience consulting to a wide variety of institutions on fund of hedge fund […]
TCI Challenges Japanese Government On Foreign Investment Policy
West Palm Beach (HedgeCo.Net)- UK hedge fund TCI has challenged Japanese attempts to control foreign investments. In a bid to boost its stake in Japanese utility J-Power to up to 20 percent, the Children’s Investment Fund, or TCI, has been […]
Contemporary Art Show Draws Hedge Funds, Movie Stars in NY
Bloomberg- Buying art is “a tremendous cultural activity” said Martin Margulies, a real-estate developer who will be at New York’s Art Show on Park Avenue today. “The movie stars want to get in it,” he said. “The hedge- fund guys […]
ASIC investigates hedge funds
News.com.au- AUSTRALIA’S investment watchdog is investigating the stock market trading practice of short selling to see if it is adding to volatility in share prices, a Senate committee heard today. Short selling is a common practice among private investment funds, […]
Is Clinton Hating on Hedge Funds? – New York Times Blogs
Hillary Clinton has drawn a lot of support from Wall Street moguls, including the heads of Morgan Stanley and Goldman Sachs. Her daughter, Chelsea, even works for a hedge fund, the Avenue Capital Group. But at a campaign stop Tuesday […]
Five indicted in hedge fund case
Fort Lauderdale Sun-Sentinel – Five people who allegedly defrauded hedge fund investors of more than $200 million have been indicted on charges of conspiracy and wire fraud, authorities said Wednesday. Defendants named in the U.S. Department of Justice indictment unsealed […]
Hedge Funds Holding Up Investors Face Involuntary Bankruptcy
Bloomberg- Ritchie Capital Management LLC, the operator of four hedge funds that failed since 2006, is fighting what may be an unprecedented bid by investors to recover their money by forcing one of the funds into bankruptcy. If the effort […]
Dubai Expands Presence in Asia
HedgeCo.Net (West Palm Beach) – Dubai International Capital is planning to invest $5 billion in the emerging Asian markets, as part of a three year plan, says Chief Operating Officer Anand Krishman. The money will be invested in comapnies throughout […]
Florida Men Face Charges of Hedge Fund Fraud
HedgeCo.Net (West Palm Beach) – Michael Lauer and four other men have been indicted after defrauding investors out of more than $200 million, Assistant Attorney General Alice S. Fisher of the Criminal Division and U.S. Attorney R. Alexander Acosta of […]
Boneparth Joins Hall Capital Partners
HedgeCo.Net- Hall Capital Partners LLC today announced that John F. Boneparth will join the firm as President. Mr. Boneparth will join Chief Executive Officer and Chief Investment Officer Kathryn A. Hall and Director of Investment Advisory Services John W. Buoymaster […]
Surging credit volatility spurs option trading
Reuters- Shocked by credit market turmoil, investors are now seeking protection on their credit protection. In the last few weeks, Europe’s credit indexes — widely traded ways of betting on the creditworthiness of the continent’s big companies — have registered […]