Yearly Archives: 2007
Hedge funds, private equity and philanthropy
Daily Telegraph- The sensation of having had too much of a good thing must be pretty universal by now, as we stagger into the final binge of an extended Christmas and New Year break. In my own case,the good thing […]
Investors file claim against Ritchie
Chicago Tribune- Investors have filed an involuntary Chapter 11 bankruptcy petition against a hedge fund run by Ritchie Capital Management, the latest in a long string of troubles for the suburban investment company now hit with accusations of mismanagemen. In […]
Magnum launches China fund of funds
Hedge Funds Review Magazine- Magnum has launched the Magnum China Fund, a fund of funds that seeks to make substantial gains by investing in several of the top-performing funds that have interest in the Greater China region. Many of these […]
Hedge Fund Makes Long-Term Investment in Santa Fe Holdings
HedgeCo.Net- Santa Fe Holding Company, the parent company of Santa Fe Cattle Co., announced today that two hedge funds with assets totaling more than $4 billion dollars under management have purchased $2 million dollars of restricted stock from the company. […]
Hedge-Fund IPOs Have Downsides
Wall Street Journal- For publicly traded hedge funds like Och-Ziff Capital Management Group, bigger is better — and worse. The bigger a hedge fund gets, the more it can earn in management and performance fees, which are tied to the […]
Federal commodities regulators settle hedge-fund supervision case
CNBC- Futures and options broker MF Global Ltd. agreed Wednesday to pay more than $77 million (euro53.5 million) to settle federal charges that it failed to watch over a hedge fund charged with fraudmore than two years ago. The Commodity […]
Hedge fund company names new leader after CEO dies in Panama plane
International Herald Tribune- Days after Pacificor LLC chief executive Michael Klein died a plane crash in Panama, the hedge fund management company named portfolio manager Andy Mitchell to succeedhim. Vice president of business development Kurt Benjamin told The Associated Press […]
Hedge funds see $41 billion net inflow in third quarter
Reuters- The hedge fund industry recorded net inflows of $41.1 billion (20.7 billion pounds) in the third quarter, taking assets under management (AUM) up to an estimated $1.73 trillion, research firm Lipper said on Friday. The hedge fund industry’s AUM […]
Bear Stearns Fund Executives Sued Over Collapse Of Two Hedge Funds
CNNMoney.com- A San Francisco partnership sued Bear Stearns Cos. ( BSC) Friday over the collapse of two hedge funds earlier this year that wiped out $1.6 billion in investor capital. FIC LP, which is described in the lawsuit as a […]
Dunlop raises $90 million from hedge funds
Business Standard- Dunlop India, a Ruia group company, has raised $90 million (around Rs 360 crore) from a consortium of offshore hedge funds to restructure loan and to meet other corporate needs. The structured deal offers the funds an […]
JUNGLE CRASH
New York Post- Heavy rain, dense foliage and mountainous jungle terrain had made the search in western Chiriqui province, where the plane crashed, difficult. Klein, who graduated from college at 17, was CEO of Pacificor, a Santa Barbara-based firm that […]
The rupee on a roll
Hindu Business Line- Bangalore, Dec 25 This year was an eventful one for the rupee. The Indian currency advanced against the dollar despite galloping global oil prices. Against the dollar, the rupee advanced 12.5 per cent during the year. Against […]