Yearly Archives: 2007
Mindich’s Eton Park Invests in India’s Reliance Capital Asset
Bloomberg- Eton Park Capital Management LP, the hedge-fund firm founded by former Goldman Sachs Group Inc. partner Eric Mindich, acquired a stake in Reliance Capital Asset Management Ltd., India’s biggest mutual fund. Eton Park bought 5 percent of the unit […]
Bermuda battles Caymans for offshore funds
Reuters- The pastel-colored buildings lining Bermuda’s main commercial district are home to thousands of the world’s top hedge funds — from Europe’s Man Group and GAM to Connecticut’s DKR Capital. But the British colony has been struggling to catch up […]
New Tiberius fund to target price discrepancy
Reuters- Tiberius has launched a new commodity fund to reap returns from price discrepancies created by volatile commodity markets next year, the Swiss-based firm told Reuters on Monday. The fund manager thinks the time is ripe right for a new […]
Private equity firms forced to rescue own companies
Reuters – Private equity firms are being forced to put more money into their struggling companies as the credit crunch has left banks and investors less willing to refinance ailing firms, industry insiders say. Banks, hedge funds and distressed debt […]
HK as Asia’s hedge-fund hub
News.gov.hk -A decade ago, it would have been rather controversial to talk about hedge funds, given the Asian economies were hard hit by a severe financial crisis widely believed to be triggered by a group of aggressive hedge funds at that […]
Asia-focused Penta hedge funds up 123 percent through October
Reuters- Penta Investment Advisers Ltd., an Asia-focused $4.8 billion hedge fund group, is up 123 percent in both of its two main funds in 2007 through October, demonstrating the benefits ofstrong China markets, according to a recent note sent to […]
Hedge Fund Association Forms Northeastern Chapter
New York – December 10, 2007 – The Hedge Fund Association (HFA), an international not for profit organization founded in 1996 to advance the interests of hedge fund managers, service providers and investors, today announced the launch of the Northeastern […]
6 indicted, 10 sued by SEC in FBI hedge fund sting
Salt Lake Tribune- U.S. investigators, after posing as management of a phony hedge fund dubbed ”Fillmore Capital,” indicted six insiders and promoters of publicly traded companies for allegedly paying kickbacks to ensure stock purchases. The hedge-fund manager was actually an […]
JPMorgan favours precious metals in 2008
Reuters- Precious metals could rally in 2008 as the U.S. dollar falls and supply flattens, JPMorgan said on Friday, ranking the sector the strongest among all commodities for next year. JPMorgan said its favorite precious metals continued to be gold […]
Hedge funds seek talks with Philips on performance
Reuters- U.S. hedge funds Jana Partners LLC and D.E. Shaw Group said they plan to talk to Philips Electronics on its performance and capital structure, lifting its shares to a month high. The two hedge funds own 1.6 percent of […]
Ultrawealthy group to increase hedge fund investments
InvestmentNews- Despite the market’s current volatility, the love affair between ultrawealthy investors and hedge funds is still torrid, according to a new survey by the Institute for Private Investors, a New York-based association for very wealthy families and their advisers. […]
Hedge funds eye up Philips
DutchNews.nl- The American hedge funds Jana Partners and the D.E. Shaw Group have joined forces to keep an eye on the financial results and capital surplus of Dutch electronics giant Philips, reports the Financieele Dagblad on Monday. The investors claim […]