Monthly Archives: January 2008
Hedge funds face US bankruptcy law author
Caymen Net News – (Bloomberg) – US investment bank Bear Stearns Cos. faces an unusual adversary in trying to reverse a ruling denying two of its bankrupt Cayman Islands hedge funds protection from US lawsuits while they liquidate here in […]
Abu Dhabi takes its fortunes to Hollywood
Zawya – Fresh from buying into English Premier League football, Abu Dhabi has its eye on another trophy. The emirate will on Wednesday set out plans to become one of the world’s largest film producers, with $1bn to invest in […]
HedgeCo.Net Unveils Next Generation Web 2.0 Online Community and Database
New York – January 17, 2008 – HedgeCo LLC, an industry leading financial services and information company, announced today the launch of the all new HedgeCo.Net. Completely redesigned, HedgeCo.Net now includes several advanced “Web 2.0” features built exclusively for hedge […]
Legislative action needed to nourish Hawaii’s hedge funds
Honolulu Star-Bulletin – Hawaii is emerging as a focal point for Asia’s investors in hedge funds, the financial pools that have blossomed in recent years. London’s Financial Times reported this week that 10 hedge funds now operate in Honolulu and […]
Another hedge fund’s Chapter 15 bid fails
Cayman Net News – The latest attempt by a hedge fund to use its Cayman Islands registered status to escape bankruptcy action in the USA appears to have failed. On Monday in New York, US Bankruptcy Judge Robert Gerber ruled […]
Bankrupt Ritchie Capital Management hedge funds sell assets
Chicago Tribune – Ritchie Capital Management Ltd.’s two bankrupt hedge funds sold their life insurance assets to a Bear Stearns Cos. affiliate and ABN Amro NV for $452.5 million, a witness in a New York bankruptcy court hearing said. Bradley […]
In a time of crisis, sovereign funds suddenly more welcome in Europe
International Herald Tribune – Ronald Reagan’s catchphrase when it came to arms control, "’Trust, but verify," may be the slogan finally adopted by a Europe that is attracted to, but unnerved by, the vast pools of capital amassed by governments […]
Matrix funds of hedge funds deliver strong second-half dividends
HedgeWeek – London-based manager Matrix Group says its five funds of hedge funds that offer a share class where all of the growth is paid out as income half-yearly have delivered good dividend payments for investors thanks to strong hedge […]
Hedge funds defeated at today
Money Marketing – Hedge funds, RAB Capital and SRM Global, have been defeated at today’s Northern Rock EGM in Newcastle. The outcome of the vote means that shareholders will be unable to restrict the board’s ability to sell the lender. […]
Bloomberg Chooses a Friend to Manage His Fortune
New York Times – Mayor Michael R. Bloomberg has chosen the firm of a longtime friend, Steven Rattner, a financier who moves among New York’s power elite, to manage the investments of his multibillion-dollar fortune. The selection, which was announced […]
HEDGE FUNDS Industry inflows slowed during fourth quarter
MarketWatch – The amount of money flowing into hedge funds slowed during the fourth quarter after some managers suffered big losses from the broadening credit crisis, Hedge Fund Research reported on Tuesday. A net $30.4 billion flowed into hedge funds […]
Indian Hedge fund biggies get FII status
Business Standard – Some of the world’s top hedge funds have been granted direct entry into the Indian stock markets, nearly three months after the Securities and Exchange Board of India (Sebi) imposed curbs on foreign investments through the participatory […]