Yearly Archives: 2008
Credit crunch to sting into next year
Reuters UK- A near one year-old credit crunch still has plenty of venom and will sting global financial markets and the economy well into next year or even into 2010, a Reuters poll found. On the eve of its one-year […]
Hedge fund Harbinger Raises Stake in Midwest
West Palm Beach (HedgeCo.net)- US hedge fund Harbinger has increased its stake in Australian iron ore miner Midwest Corp. Ltd. to 12.53%, an effort to block Chinese iron ore trader Sinosteel Corporation’s takeover of the latter. Harbinger, a major shareholder […]
Hedge Fund Used As Case Study At Stanford
West Palm Beach (HedgeCo.net)- Stanford University’s Graduate School of Business is using a hedge fund, GlobeOp Financial Services, in a business model case study developed for classroom. The case study, ‘GlobeOp: Enabling Hedge Funds, 2000-2003,’ emphasizes how vital a robust […]
Hedge Funds Surpass Mutual Funds In Equity Trading Volume
CNNMoney.com- An equity investors study by Greenwich Associates showed trading volume generated by hedge funds surpassed mutual funds last year and now ranks second only to traditional asset-management shops. The financial-consulting firm said the influence of hedge funds as a […]
Perella Weinberg Hedge Fund Gains 24% on Distressed Investments
Bloomberg- Perella Weinberg Partners’ Xerion hedge fund rose 24 percent this year, helped by wagers that the value of investment-grade bonds of financial-services firms would fall, according to a letter sent to investors. The $837 million fund, which invests in […]
Hedge fund manager Ashbel Williams in line for top job at Florida SBA
Bizjournals.com- The Florida State Board of Administration is negotiating with hedge fund manager Ashbel C. Williams Jr. for the position of executive director and chief investment officer. Williams is a former executive director of the Florida SBA, a former assistant […]
Speculators and the oil market
Mining MX- The question as to whether the oil price has been driven higher by speculators is highly emotive. Many supporters of the idea want a clampdown on speculation while others say that would be dangerous and futile interference in […]
Defrauded fund investors sue Goldman
International Herald Tribune- Samuel Israel 3rd bilked his investors out of $250 million, but they are hoping to recoup some of their money from one of Wall Street’s deepest pockets: Goldman Sachs. Bayou’s creditors were taking aim at Goldman even before […]
Asset manager Aberdeen says funds grow 6 pct
Guardian Unlimited- Aberdeen Asset Management said on Friday its assets had grown 6 percent despite turbulent markets and had also earmarked higher cost savings to offset falling earnings, pushing its shares up. The fund manager said its assets under management […]
Rushbrook accuses hedge funds of rights exploitation
The Herald- Bearish fund manager Ian Rushbrook has moved the £190m Personal Assets Trust (PAT) from zero to 75% in equities in recent weeks, and is overweight in banks, he told the trust’s shareholders yesterday. But the veteran manager, who […]
Blackstone Risks Hedge Funds’ Return as LBO Lending Evaporates
Bloomberg- When Blackstone Group LP, the world’s biggest buyout firm, was pursuing the takeover of the Weather Channel cable network earlier this month with General Electric Co. and Bain Capital LLC, Wall Street balked at providing financing. So the New […]
HedgeCo Matches Elite Candidates with Top Hedge Fund Employers
West Palm Beach, FL July 17, 2008 — HedgeCo Networks has just launched the next chapter within their network of companies, HedgeCo Employment Solutions. As a top tier recruiting firm, HedgeCo Employment Solutions secures the finest candidates in the hedge […]