Yearly Archives: 2007
AQR raises $1 bln new cash for hedge funds
Reuters- AQR Capital Management LLC, one of the world’s largest hedge fund managers, has received commitments from new and current investors to pump about $1 billion into several of its funds, theWall Street Journal reported on Tuesday, citing an unnamed […]
Hedge funds acquire 25 pct of OMX
Thomson Financial- Hedge funds have acquired about 25 pct of OMX AB ahead of an expected takeover battle for the Nordic market operator between Nasdaq and Borse Dubai, the Financial Times reported. The funds’ presence paves the way for a […]
Blue Planet hedge fund cuts bets
Reuters- Market turmoil caused by the U.S. subprime meltdown could mark the start of a financial crisis, said Scottish fund firm Blue Planet Investment Management, which has removed most of its hedgefund’s long and short bets. “I think we are […]
Barclays exposed to hedge funds – Business Report
Business Report (Bloomberg)- Barclays might have “significant” risks to earnings growth resulting from loans to hedge funds and private equity firms, stockbroker Panmure Gordon said yesterday. In addition to exposure to asset-backed commercial paper, which may contain high-risk assets including subprime […]
Goldman puts up $2bn after its hedge funds fall by one-third
The Independent- Goldman Sachs has been forced to pump $2bn (£1bn) of its own cash to bail out its in-house hedge funds, after they lost $3bn in a single week. The investment banking titan said that its biggest funds would […]
US takes look at hedge funds and a tax perk
Wall Street Journal- U.S. lawmakers are examining yet another tax perk enjoyed by hedge funds: Many of these funds lend money like banks, but unlike traditional lenders, often don’t pay U.S. taxes onthe profits. Hedge funds, which control liquid pools […]
First Hedge Fund Launches in Iraq
WEST PALM BEACH, FL (www.hedgeco.net) – The Iraq Fund Management LLC has launched its first hedge fund, The Iraq Fund, LP., which is domiciled in Minnesota. Dave Packard, the fund manager, said “The primary investment objective of the Partnership is […]
Brighter Times for Turkey?
BusinessWeek- Turkey’s stocks are appreciating at a rapid clip. Straddling Europe and Asia, Turkey teeters between Western secular democracy and ancient traditional culture. But this vast nation of 73 million has a modern, robust economy and may one day join […]
Hedge Fund Sponsors North Pole Swim
West Palm Beach (HedgeCo.Net)- Investec announced today that British explorer and endurance swimmer, Lewis Gordon Pugh successfully completed the extraordinary challenge of being the first man to swim at the Geographic North Pole. The 1km swim took 18 minutes and 50 seconds […]
BNP freezes $2.2 bln of funds over subprime
Reuters- France’s biggest listed bank, BNPParibas, froze 1.6 billion euros worth of funds on Thursday, citing U.S. subprime mortgage sector problems. The news sent shivers through nervous financial markets. It came as Germany’s Bundesbank met to discuss a rescue package […]
Hedge funds blamed for turmoil
Houston Chronicle- It’s hedge funds, not houses. That’s the take of some economy watchers trying to best explain the recent unraveling in the stock market. “This is 90 percent Wall Street and 10 percent Main Street,” Jack Ablin, chief investment […]
Threadneedle Buys Convivo for $476 Million to Boost Hedge Funds
Bloomberg- Threadneedle Asset Management Ltd., the London-based money manager owned by Ameriprise Financial Inc., agreed to buy Convivo Capital Management Ltd. to expand its emerging-markethedge-fund business. Julian Adams, chief executive officer of Convivo, will join Threadneedle and run the company’s […]