Yearly Archives: 2007
Federal Reserve moves to stop Credit Crunch
HedgeCo.Net- In September, according to the Credit Suisse/Tremont Hedge Fund Index, the U.S. Federal Reserve moved to stop the spreading Credit Crunch from further impacting the global economy with a half-percentage-point cut in interest rates. Overall, the market environment has […]
Court case puts spotlight on hedge fund
Stamford Advocate- Few people know much about secretive hedge fund superstar Steven Cohen and his mammoth Stamford firm, SAC Capital Advisors. But a bizarre court case has shone a glaring spotlight on the $15 billion fund, opening up Cohen’s world […]
Ex-hedge fund manager sentenced in NYC
CNBC- A former hedge fund manager was sentenced to three years in prison Monday after he pleaded guilty to securities fraud, admitting that the scheme cost investors $88 million. John H. Whittier, 41, of Hailey, Idaho, was also ordered to […]
From uranium to barges, hedge funds covet all
Reuters- Hedge funds may not be the obvious candidates to run electricity grids or barge fleets, but the race to generate ever greater returns is luring more of them to do just that. Larger energy and commodities specialist funds are […]
Funds of hedge funds see opportunities in turbulence
Reuters- Market turbulence has created windows of opportunity for managers of funds of hedge funds eager to scavenge profits from ongoing volatility even while they are wary of an economic downturn, a Reuters poll showed. The quarterly survey of 12 […]
FASB To Decide Whether to Delay FAS 157, Fair Value Measurement
FASB announced that among issues to be discussed at this Wednesday’s FASB board meeting, it will consider an “Agenda decision” on whether to defer the effective date of FAS 157, Fair ValueMeasurement. In its October 1, 2007 comment letter, the […]
MPC Investors Opens Up Fourth Hedge Fund To Investors
MPC Investors (MPC) today announced they are opening their discretionary macro hedge fund, the MPC Strategic Opportunities Fund, to external investors. This follows the successful $900m launch of the MPC Samsara hedge fund in September 2007. The MPC Strategic […]
Yankees’ Posada, Cubs’ Soriano Take a Cut at Hedge Fund Pitch
Bloomberg -Oct. 15 (Bloomberg) — Now that their teams are out of the Major League Baseball playoffs, New York Yankees catcher Jorge Posada and Chicago Cubs outfielder Alfonso Soriano may turn theirattention to a new hedge fund investment. The star […]
Hormones and Hedge Funds
A junior trader at one of the world’s largest hedge funds, SAC Capital, is suing the company. Andrew Tong alleges that his boss Ping Jiang––the two men are 37 and 41 years old, respectively––forced him to take estrogen hormone pills […]
Banks plan fund to revive market
BBC Business – The unusual move, which includes Bank of America and JP Morgan, aims to boost confidence in and prevent a further sell-off of such investments. Such a sell-off would force banks,brokerages and hedge funds to write down the […]
Hedge funds pushed for more transparency as downturn raises
Finance Week – A Working Group supported by the major London-listed hedge funds has proposed tighter self-regulation – including fuller disclosure of who owns them, where they have invested their money, what strategies they follow and what their holdings are […]
New Credit Suisse/Tremont Hedge Fund Index Research Signals Rebound
Forbes – Credit Suisse Index Co., Inc., today said its latest industry research signals a rebound for Equity Market Neutral hedge funds that use statistical arbitrage techniques. The new commentary, A Quantitative Rebound?, examines the effects of recent market turmoil, […]