Yearly Archives: 2008
Mitsubishi Asset Brains Plans to Start a Fund of Hedge Funds
Bloomberg- Mitsubishi Asset Brains Co., an investment advisory firm of the Mitsubishi financial group, plans to start a fund of hedge funds as it seeks to invest in managers that can make money in falling markets. The company aims to […]
US lawyers busy as hedge funds face scrutiny
Reuters- It’s turning into a busy summer for U.S. lawyers who advise hedge funds as the industry faces growing questions about potentially manipulative trading and regulators are knocking at fund managers’ doors. With the markets in turmoil, the loosely regulated […]
Former hedge fund head files against Citigroup
International Herald Tribune- A former manager of a Citigroup Inc hedge fund has filed a complaint with a British tribunal accusing the bank of causing his fund’s demise, the Wall Street Journal reported on Saturday, citing people familiar with the matter. […]
Making money from hedge funds
InvestorDaily- While Australian superannuation funds and institutional investors have discovered hedge funds, their participation is not to the extent of most of their developed market peers. But the current market downturn may change that behaviour, because the juicy returns they […]
Microsoft Looks Ahead, Leaves Yahoo Behind
New York (HedgeCo.Net) – Microsoft CEO Steve Ballmer declared that they are “done” pursuing Yahoo and focused instead on Microsoft’s need to invest in its internet businesses. However, the past six months of on-again, off-again talks with Yahoo have critics […]
Ex-Wife of Late Hedge Fund Manager Seeks Damages on Behalf of Daughter
New York (HedgeCo.Net) – Kim Klein, ex-wife of late hedge fund manager Michael Klein, has filed a wrongful death lawsuit on behalf of their daughter Talia against both Michael’s company, Pacificor, and his estate. Both Michael and Talia were killed […]
GSA eyes $1 bln limit for Alpha Capture hedge fund
Reuters- Hedge fund firm GSA Capital plans to raise a further $200-$300 million for its new Alpha Capture fund, which aims to use top stock ideas from investment banks for its trades, the company told Reuters. Alpha Capture, which was […]
Failed Sowood hedge fund manager raising new money
Reuters- One year after Jeffrey Larson lost about $1.5 billion in one of the hedge fund industry’s most spectacular collapses, he is trying to raise fresh capital for a new fund, people familiar with his plans said. "Larson is back […]
China-focused funds raise $12 bln in Q2
Reuters Shanghai- Ten new China-focused private equity funds raised $12 billion (six billion pounds) in the second quarter, but poor market conditions have forced foreign funds to delay exits of their investments through IPOs and secondary offerings, consultant firm Zero2IPO […]
Service Corp. Lures Hedge Fund Bets on Boomer Deaths
Bloomberg- Service Corp. International, the biggest U.S. funeral-home and cemetery owner, is becoming a magnet for hedge funds which see the rising death rate among Baby Boomers as the surest way to resurrect the company’s shares. Steven Cohen’s SAC Capital […]
Hedge funds turn institutionalised
The Financial Standard- The global hedge fund space is undergoing a period of radical change as large hedge funds become institutionalised, new research shows. According to international strategy consultancy Celent, large hedge funds are undergoing institutionalisation as US pension plans […]
CSX board to meet, but agenda uncertain
Miami Herald- CSX is resuming its annual meeting in Jacksonville, but it is uncertain what will be on the agenda. When the board met in June in New Orleans, it halted the meeting so it could continue counting votes for […]