Monthly Archives: June 2008
Hedge fund managers betting on plunge in bank shares
The Independent- The American hedge fund group Harbinger Capital Partners revealed that it has made a significant bet on HBOS’s price falling, while its UK counterpart GLG admitted it is targeting the rival mortgage bank Bradford & Bingley, as investors […]
Strong wealth fund growth boosts UAE fiscal stability
Business24-7- When oil prices were as low as $10-20 a barrel two decades ago, the UAE seriously considered borrowing from the local market to finance its swelling budget deficit. But the plan was shelved in favour of painful spending cuts. […]
Allianz to launch fund of hedge funds
London Stock Exchange- Allianz Global Investors is mulling the launch of a listed hedge of hedge funds to be aimed at retail investors. The launch of the multi-strategy Peletier Absolute fund would mark the first time that small investors have […]
The climate for hedge funds in the GCC
CPI Financial- The turmoil in global financial markets since last year has set an intriguing backdrop for examination of hedge funds in the Middle East region. After more than two decades of using hedge funds, private client investors from the […]
Council Gets Set To Press a Tax on Hedge Funds
New York Sun- A majority of the City Council is backing a tax-the-rich plan that would require hedge fund and private equity fund partners to pay a city tax on income generated by investments, making it more likely to gain […]
An Investcorp fund has won a top European hedge funds award.
Gulf Daily News- An Investcorp fund has won a top European hedge funds award. Investcorp Stoneworks Global Macro Fund won the best newcomer award at Hedge Funds Review’s European Performance Awards in London. The awards recognise leading hedge fund managers […]
Iraq Hedge Fund Up In May, Considers Soft Close
FINalternatives- Godvig Capital’s Iraq-focused Babylon Fund finished May up 2.7%, bringing its year-to-date gains to 5.2%. The fund’s portfolio included stakes in hotels, banks and breweries last month, according to portfolio manager Björn Englund, who said he has been solicited […]
Former Pimco Manager to Launch New Hedge Fund
New York (HedgeCo.Net) – Former Pacific Investment Management Co. portfolio manager John Brynjolfsson is rumored to be starting his own hedge fund in the near future. Ronald Solberg of Viking Asset Management will team up with Brynjolfsson to run […]
Hedge fund arrests send chill through industry
Reuters – Pictures of hedge fund managers in handcuffs being led away to face fraud charges on Thursday have sent a chilling message to the $2 trillion (1 trillion pound) industry. The warning was clear: mind what you say in […]
Seeder Pulls Out, New York Hedge Fund to Liquidate
New York (HedgeCo.Net) – New York hedge fund Manhasset Capital will start the liquidation process later this month after the decision was made by the fund’s seeder to pull out their $100 million initial investment. A spokesperson for Fairfield […]
