Yearly Archives: 2007
Australian Hedge Fund Up $20 Million
West Palm Beach (HedgeCo.Net)- HFA Holdings, an Australian hedge fund manager that manages more than $3 billion, announced a surge in annual profit, and says the outlook is very positive. Paul Jensen, cheif Executive at HFA, said the outlook for […]
Hedge-funds operator sued
Denver Post- Colorado Securities Commissioner Fred Joseph has filed a fraud lawsuit in Denver District Court against a Colorado Springs man who ran two hedge funds worth $3 million. The complaint alleges Brian J. Peterson abandoned the operation, leaving 30 […]
Islamic Financial Services Board Hosts Forum
West Palm Beach (HedgeCo.Net)- The Islamic Financial Services Board (IFSB) and the Financial Stability Institute (FSI) of the Bank for International Settlements today announced the presentation of “The European Challenge” it will be the 2nd Forum on Islamic Financial Services. The forum will be […]
Nobel economist Merton to open new hedge fund
Reuters.uk- Robert Merton, the Nobel Prize winner who co-founded the failed hedge fund Long-Term Capital Management, said his new firm plans to start an asset management business and open newhedge funds. Trinsum Group, the firm created when Merton’s Integrated Finance […]
Hedge-fund redemption shock
CNN Money- Investors are expected to hit hedge funds with a flood of redemption requests this fall, but those who try to withdraw their money may be in for an unpleasant surprise. Most hedge funds have “lock-ups,” a minimum period […]
China rate rise to hit bonds and stocks
SHANGHAI (Reuters)- China’s latest official interest rate rise is likely to halt a rebound in its bond market and slow a bull run on the stock market, while boosting the yuan moderately after itsrecent weakness. The central bank announced after […]
Top banker at Barclays quits amid funds crisis
Belfast Telegraph – The credit crunch has claimed its first high-profile resignation in the UK with the departure of Barclays’ head of European collateralised debt obligations (CDOs), the explosive debt products that have helped to cause the meltdown. Edward Cahill, who […]
Hedge funds account for 90% of FII sales
Business Standard- Hedge funds accounted for nearly 90 per cent of the Rs 16,000 crore worth stocks sold by foreign institutional investors since July 27. Top officials of foreign brokerages said except for the long-only hedge funds, other hedge […]
Resurrection of a hedge fund
Financial Times- Hedge fund managers like to brag about the “Darwinian selection†that kills off their less successful brethren and helps the best-performing to grow rapidly. But evolution is hardly the word to describe changes the hedge fund arm of […]
Goldman Global Equity Hedge Fund Rises 12% After Cash Infusion
Bloomberg- Goldman Sachs Group Inc.’s Global Equity Opportunities hedge fund rose 12 percent last week after the securities firm shored up the money-losing pool with $3 billion of cash, investors said. Assets more than doubled to $7.5 billion as New […]
Hedge funds seek injunction to stop Mittal Arcelor merger
THE HAGUE: Three hedge funds on Wednesday asked a Dutch court to block the merger between steel giants Mittal Steel and Arcelor because the companies changed their originally announced share exchangeratio. SRM Global Master, Trafalgar Catalyst and Trafalgar Entropy argued […]
Hedge funds benefit from sub-prime collapse
Global Pensions- Many hedge funds have been able to generate profits as a result of the decline in the sub-prime mortgages space, according to Hennessee Group LLC, an adviser to hedge fundinvestors. While acknowledging that some hedge funds focused on […]