Yearly Archives: 2008
Hedge funds turn lives into a game
Taipei Times- Two years there was a music festival at Knebworth, in central Britain, that was very different. At “Hedgestock” 4,000 hedge fund managers and investors paid US$1,000 a ticket for a weekend of rock’n’roll, champagne, laser clay pigeon shooting […]
Asian Funds Increase Use of Multiple Prime Brokers, Survey Says
Bloomberg- Asian hedge funds are increasing their use of multiple prime brokers after the U.S. subprime mortgage market collapse heightened the risk of relying on a single investment bank for brokerage services, an AsiaHedge survey found. Hedge funds that are […]
Hedge funds go short with FII help
Economic Times- With stock prices in a free fall, India-obsessed hedge funds that were pushing up the market to dizzying levels are now looking to benefit from the slide by going short on India. Many of them are said to […]
Hedge Fund Fraudster Manhunt Comes to an End
New York (HedgeCo.Net) – The international man hunt for Sam Israel came to an end yesterday when the hedge fund fraudster turned himself over to authorities. Israel turned himself into the Southwick, Mass., police station around 9:30 a.m., said […]
Northern Trust to Manage Auda Hedge Assets
West Palm Beach (HedgeCo.net)- New York based fund manager Auda Hedge LLC has selected hedge fund manager Northern Trust to provide fund administration, custody, banking and foreign exchange services to its fund of hedge fund program, with assets in excess […]
Interest Rates Top Swiss DMX Alternative Investment Indice
West Palm Beach (HedgeCo.net)- The DMX, Directional Markets Index, heads the list of investable Alternative Investment Indices provided by Alternative-Index Ltd, with a month-to-date performance of +0.71% and a stellar year-to-date performance of +16.61%. DMX is listed on the Vienna […]
Icahn’s Activist Funds’ Slim Returns Supply Cause to Deactivate
Bloomberg- Carl Icahn has hit the roughest patch of his hedge-fund career. His $7.9 billion in hedge funds fell 7 percent between October and April, the biggest peak-to-trough loss since the funds opened in November 2004, according to investors. That […]
Dynamic Launches an Array Of Hedge Funds & FOHFs
West Palm Beach (HedgeCo.net)- Dynamic Funds ("Dynamic") has announced the launch of two global growth funds, the Dynamic Power Global Navigator Class and Dynamic Power Global Balanced Class. The fund manager also launched a hedge fund of funds, the Dynamic […]
Taylor Wimpey Gets Financing Approach From Hedge Fund, FT Says
Bloomberg- Taylor Wimpey Plc, Britain’s biggest housebuilder, may get a 100 million-pound ($199 million) investment from a hedge fund to bridge a financing gap, the Financial Times reported, citing unidentified people close to the money-raising effort. Shares of Taylor Wimpey […]
Hedge fund SAC Capital cuts stake in Take-Two
Reuters- Hedge fund SAC Capital reported on Wednesday that it had cut its stake in Take-Two Interactive Software Inc to 4.4 percent from 5.3 percent. The fund did not give a reason for the recent stock sales in a filing […]
Schroders China JV to launch first overseas fund
BEIJING (Reuters) – Bank of Communications Schroders Fund Management Co is aiming to raise up to 1 billion yuan for its first overseas fund later this month, despite sliding global financial markets, two company sources said. Poor market conditions have […]
Tanking Banks’ Debt Sought By $1B Fund
New York Post- Hedge fund Highbridge Capital Management is trying to raise $1 billion from wealthy investors for a fund focused on buying bank assets hammered by the credit crisis. According to one investor who was considering committing funds, the […]