Yearly Archives: 2007
Singapore Hedge Fund Asia Genesis Shifts Some Holdings to Cash
Bloomberg- Asia Genesis Management, a hedge fund based in Singapore that manages about $450 million, has increased cash holdings to 95 percent of its assets as losses from U.S. subprime mortgagesspread. “This is not the time to take more risk,” […]
Austrailan Funds Suffer Losses
West Palm Beach (HedgeCo.Net)- Australia’s Macquarie Bank this week warned retail investors with positions in two of its high yield investment hedge funds are set to suffer losses of up to 25 percent. In comes as the U.S. sub prime mortgage market […]
Bear Stearns funds enter bankruptcy
Independent- Two Bear Stearns hedge funds filed for bankruptcy protection, while investors in a third fund managed by the Wall Street bank were barred from withdrawing their money amid concerns that the credit crisis is spreading to other parts of […]
Battle over ban on hedge fund ads heats up
MSN MoneyCentral- The long-standing rule against hedge funds advertising is facing its first significant test, as the industry awaits a ruling on whether a hedge fund manager broke the law by e-mailing performance data in response to a query sent […]
Hedge funds clash over question of value
FT Alphaville- Bitter disputes are developing behind the scenes in the hedge fund industry about the way funds are valuing some assets for their end-of-month performance reports – and these tensions could delay awaited performance reports on the net asset […]
Conifer Securities Hires Director Of Consulting Services
HedgeCo.net – SAN FRANCISCO, August 1, 2007 – Conifer Securities, LLC, a leading provider of business and operations solutions to hedge fund managers, family offices, foundations and endowments,today announced that Sandy Monticelli, CPA, has joined as Director of Consulting Services […]
Hedge Funds Thriving In Europe
West Palm Beach (HedgeCo.Net)- Hedge funds are thriving in Europe, thanks to increased interest from pension funds and other institutions, both European and U.S. Regulatory changes that have made it easier for such investors to put money in alternatives. The […]
Harvard-backed hedge fund falls victim to US credit crisis
Guardian Unlimited- America’s credit squeeze has prompted the demise of $3bn hedge fund Sowood Capital after it lost half its value in a month through disastrous bets on debt-related instruments. Sowood, backed by Harvard University’s endowment arm, told investors its […]
Hedge Funds Pluck Money From Air in $19 Billion Weather Gamble
Bloomberg- Credit Suisse Group trader Patrick Ayash rarely reads earnings estimates and just skims news about inflation. One thing he never misses: the daily weather report. Ayash, 31, is part of an army of mathematicians, hedge-fund whizzes and programmers pouring […]
Private equity, hedge funds take on Congress
MSNBC- Private equity, hedge fund and real estate executives warned senators on Tuesday that raising taxes on their firms would harm a wide range of companies that benefit from their investments, including developers in poor urban areas. Congress is debating […]
Japanese Bonds Gain as Losses at Hedge Funds Spur Purchases
Bloomberg- Japan’s government bonds rose as reports of increasing losses at hedge funds globally spurred demand for the relative safety of government debt. Ten-year bonds gained for a second day, pushing yields to the lowest in nine weeks. Emerging-market and […]
Altis Partners Taps Horizon For Cash Management Services
HedgeCo.net -CHICAGO, July 31, 2007 – Horizon Cash Management LLC, a leading cash manager for alternative investment funds, announced today that Altis Partners (Jersey) Ltd. has chosen the firm toprovide comprehensive cash management solutions. Altis is based in Jersey, Channel […]