Yearly Archives: 2007
Goldman’s Alpha hedge fund to end year with $4 bln
Reuters- Goldman Sachs Group Inc. has told investors it expects its Global Alpha hedge fund will end the year with roughly $4 billion in assets, about 60 percent less than in January, several peoplefamiliar with the matter said. The fund, […]
MGA Focuses on Energy and Emerging Markets
West Palm Beach (HedgeCo.Net)- Hedge fund policy intelligence advisor Medley Global Advisors LLC (MGA), has announced that it will be focusing on it’s Energy Group and Emerging Markets Group, and has hired 3 new managers. “Bhushan Bahree, Bill Farren-Price and […]
Regulators let hedge funds off the hook for credit crisis
Financial News Online US- The chief executive of the Financial Services Authority and a deputy governor of the Bank of England said today hedge funds were not responsible for the credit crisis that overtook markets this summer – however managers […]
Hedge funds Eton Park and R6 Capital to link up
Reuters- Hedge fund Eton Park Capital Management said on Monday it will take over R6 Capital Management in January, engineering one of the first prominent acquisitions among hedge funds in the $2trillion industry. For Eric Mindich’s $10 billion Eton Park, […]
Ex-Citadel trader Parekh to start hedge fund
Reuters- Anand Parekh, a former head equity trader at Citadel Investment Group, is setting up his own hedge fund, a source familiar with the matter said. Parekh has raised $1.5 billion from Deutsche Bank, and plans to seek additional funds, […]
Alpha Titans Fund of Fund Launch
West Palm Beach (HedgeCo.Net)- Alpha Titans, a multi-manager hedge fund announced that it will be open to outside investors from December 1st, the fund of funds was launched on November 1st 2007. The new fund of funds was launched with […]
Hedge funds Eton Park and R6 Capital to link up
Reuters- Hedge fund Eton Park Capital Management, one of the biggest and most successful in the industry, is merging with R6 Capital Management, a much smaller hedge fund, an Eton Park spokesman said on Monday. Eton Park, which manages $10 […]
Watchdogs issue transparency guide for hedge funds
BRUSSELS (Reuters) – Methods used to determine the worth of a hedge fund’s portfolio should be independently reviewed and transparent to investors, global market watchdogs said on Monday. Hedge funds, blamed by critics for causing wild swings in share markets, […]
Gulf Arab funds eye US assets
MSN MoneyCentral- Arab investors, flush with liquidity, are considering investments in distressed US financial assets as they try to turn the turmoil in credit markets into a regional opportunity. Omar bin Sulaiman, governor of the Dubai International Financial Centre, said […]
Global Investment Fund Now Open
West Palm Beach (HedgeCo.Net)- Global Investment House has announced the Global Distressed Fund is now open for new and existing investors until the end of December. The Barclays group, the world’s largest independent hedge fund research company, ranked the Fund […]
U.S. could face $2 trillion lending shock
Reuters- The impact of the U.S. mortgage market crisis on the underlying economy could be “dramatic” as leveraged investors may need to scale back lending by up to $2 trillion (1 trillion pounds), according to investment bank Goldman Sachs. Read […]
Northern Rock reveals cut-price bids
Daily Telegraph – Northern Rock is facing further embarrassment after revealing that all the bids submitted on Friday and over the weekend value the stricken bank at less than its current stockmarket value. RAB Capital and SRM Global, two hedge […]