Yearly Archives: 2007
Credit market troubles hit two more funds
Financial Times- Absolute Capital, an Australian hedge fund group that invests in collateralised debt obligations, has temporarily suspended redemptions for two of its funds, becoming the latestcasualty of the crisis engulfing the US subprime mortgage market. Absolute’s Yield Strategies Funds […]
Man Global Strategies Launches Founders Incubation Platform
NEW YORK – Man Global Strategies (‘MGS’),1 a core investment manager of Man Investments, announced today the formation of the Founders Incubation Platform (‘Founders Program’), a seeding and incubation platform for U.S.-based hedge fund managers. The Founders Program combines a […]
Law Firm Considering Legal Action Against “Bear Funds”
West Palm Beach (HedgeCo.net)- The Law Firm of Klayman & Toskes, P.A. announced that it is investigating the possibility of taking legal action against Bear Stearns & Co., Inc on behalf of investors who lost money in the Bear Stearns High-Grade […]
Legg Mason Profit Rises 22% as Hedge-Fund Fees Triple
Bloomberg- Legg Mason Inc., home of money manager Bill Miller, said fiscal first-quarter profit rose 22 percent as fees from hedge-fund unit Permal Group more than tripled. Net income in the quarter ended June 30 increased to $191 million, or […]
Trader for former hedge fund fights effort by regulators
The chief energy trader for collapsed hedge fund Amaranth Advisors LLC is fighting an effort by federal energy regulators to investigate his trading of natural gas contracts. Brian Hunter, former head of energy trading for Amaranth Advisors LLC, which collapsed […]
Hedge funds enjoy 2nd-best quarter for fundraising
Los Angeles Times- Hedge funds had their second-best fundraising quarter in April, May and June, attracting $58.7 billion globally from investors despite growing losses in investments backed bysub-prime mortgages. The hedge fund industry, which took in a record $60 billion […]
Global Synthetic Prime Sales and Trading Group For Hedge Funds Launched By BNP Paribas
New York (HedgeCo.Net)- BNP Paribas has announced the launch of its new Global Synthetic Prime sales and trading group within its Equities and Derivatives business. The group is headed by Rich Sansaricq who is based in New York and has […]
Hedge Fund Launch By Black Pearl Capital
New York (HedgeCo.Net)- Black Pearl Capital today announced the official launch of Onyx MENA Fund, a Cayman Island regulated hedge fund with a target capital of $250 million focusing primarily on the MENA markets. The Client Advisory Group (CAG) of […]
French fund warns on green investment bubble
Reuters- An Internet-style bubble is looming in renewable energy stocks with valuations reaching the ozone layer and businesses managing to secure flotations with little or no turnover, a Frenchinvestment fund has warned. With raw material prices showing no sign of […]
Life Settlements: Betting on Death
BusinessWeek – From the Lowinger clan to hedge funds, investors are cashing in on the business of trading unwanted life insurance policies. From the Lowinger clan to hedge funds, investors are cashing in on the business of trading unwanted life […]
Vranos hedge fund seeks $750 mln for subprime
Reuters- Hedge fund manager Michael Vranos is trying to raise $750 million to fund a new company that specializes in the risky subprime mortgages that have roiled several corners of the U.S. economy,The New York Times reported on Sunday. Citing […]
DEALTALK: Hedge funds opt to be lenders of last resort
Reuters- Future residents of the Cottage Gate development in Middletown, New Jersey, may be surprised to learn their granite countertops and two-car garages were paid for by a hedge fund. But after Kara Homes Inc. declared bankruptcy in October, hedge […]