Yearly Archives: 2008
Ackman Adds Cash to Target Hedge Fund as Stock Slides
Bloomberg- William Ackman, the activist hedge fund manager, increased his $2 billion bet on Target Corp. as shares of the second-largest U.S. discount retailer declined as much as 38 percent in the past year, according to two people with knowledge […]
Gold funds draw investment from big miners
Reuters UK- Major gold firms grappling with declining output and surging costs are being cold-shouldered by investors opting for exposure to bullion through exchange traded funds (ETFs) or high-growth junior firms. A wave of money flowing into gold ETFs, which […]
Worlds Largest Hedge Fund Manager BGI Opens Dubai Office
West Palm Beach (HedgeCo.net)- Barclays Global Investors (BGI) has opened an office in the United Arab Emirates’ Dubai International Finance Centre. BGI has been active in the region since 1998 and currently has assets under management of US$ 28 billion […]
Fund managers most negative on equities in 10 years
Reuters- Fund managers are gloomier about equities than at any time in at least the last 10 years and aversion to risk is close to what it was during the Bear Stearns crisis in March, a Merrill Lynch poll showed […]
Swiss Bank Picks Up On Electronic Trading Used By Hedge Funds
West Palm Beach (HedgeCo.net)- A Swiss Bank has picked up on a hedge fund platform, Orc Trading, to replace key technology for its electronic trading operations. The order was booked in Q1 2008. "We have thoroughly evaluated several trading systems […]
FBI probes IndyMac Bank for possible fraud
Montreal Gazette- IndyMac Bank is under investigation by the FBI for possible fraud involving home loans made to risky borrowers, the Associated Press reported yesterday, citing an unnamed law enforcement official. The report said it was not immediately clear how […]
Firms hurry to comply with SEC subpoenas
Boston Globe- Dozens of hedge funds and broker-dealers are scrambling to send reams of e-mails and trading records to regulators probing suspected stock price manipulation, several sources at hedge funds said. The Securities and Exchange Commission recently sent subpoenas to […]
Canberra drags its heels as the SEC tackles the problem
The Australian- The SEC’s decision to take a hard line on the illegal practice of naked short-selling is a band-aid attempt to fix a problem that is plaguing most stock markets in various guises, but at least it is having […]
Two New Additions To BNP Paribas’ Hedge Fund Team
West Palm Beach (HedgeCo.net)- BNP Paribas has appointed Thomas Mahala and Jason Miller to its global hedge fund relationship management team (HFRM). BNP Paribas now has over a dozen relationship management professionals located in New York, London and Hong Kong […]