Yearly Archives: 2008
Paulson Not on Board with Redemption Restrictions
New York (HedgeCo.Net) – John Paulson, head of hedge fund firm Paulson & Co., recently spoke his mind on the wave of redemption freezes that many managers have chosen to impose. “We think it’s a mistake for our managers to […]
Madoff set to disclose list of holdings
Munster Times – Investigators may get a clue Wednesday into how much money might be available for victims in the Bernard Madoff scandal. The fallen investment guru is scheduled to submit a list of his personal assets to the Securities […]
Hedge Fund Manager Acquires Long-only Fund Arm from Credit Suisse
West Palm Beach (HedgeCo.net) – Hedge fund manager, Aberdeen Asset Management PLC, has entered into an agreement with Credit Suisse to acquire their £40 billion ($58 billion) long-only asset management arm, making Aberdeen the the UK’s largest listed fund manager. Credit […]
Diversity failed? there’s always stock risk
Tacoma News Tribune – It was a year of disillusionment, betrayal and excruciating pain for investors. Wall Street got investing so wrong that the financial system needed an emergency $700 billion transfusion of taxpayer money to avoid collapse, and investors […]
Hedge Funds, Oil Prices and Resulting Recession
Seeking Alpha – In 1997, some observers feared an impending global recession as a result of the headwinds stemming from the Asian financial crisis. However, within two years, those fears had dissipated and were replaced with new concerns of irrational […]
Journal of a Plague Year: Faith in Markets Cracks Under Losses
Bloomberg – It has been a year of record misery: the largest bankruptcy, bank failure and Ponzi scheme in U.S. history; $720 billion in writedowns and losses by financial institutions; $30.1 trillion in market valuation wiped out. The biggest loss […]
Asia’s bull run ends in 2008 with record falls
Miami Herald – Nearly two-thirds said they had lost 70 percent of their investments or more, according to the survey by the Shanghai Securities News, a newspaper affiliated with the stock exchange. Many Asian hedge funds, meanwhile, took a drubbing […]
Silk Invest/Danfonds Team to Launch 2 new Hedge Funds
West Palm Beach (HedgeCo.net) – Specialist asset management firm, Silk Invest Ltd, has acquired Danfonds Frontier Fund SPC., a Cayman based hedge fund, in an all equity deal, Silk Invest also bought majority share in Danfonds Frontier Fund SPC, which will […]
GMAC to Receive $6 Billion from Uncle Sam
New York (HedgeCo.Net) – GMAC LLC, the financing arm of struggling U.S. automaker GM, will receive $6 billion from the federal government. The deal entails the treasury purchasing $5 billion in senior preferred equity in the company, while providing GM […]
Cuban’s Sports Gambling Hedge Fund, Revisited
CNBC – More than four years ago, Dallas Mavericks owner Mark Cuban said that if he started any hedge fund, it would be a sports gambling hedge fund. Cuban quickly noted that it was merely a fantasy: as an owner, […]