Yearly Archives: 2008
Soros says rebound a bear-market rally
Reuters- Billionaire hedge fund manager George Soros said on Wednesday the current rebound in stock markets is only a bear market rally because monetary authorities are unlikely to be able to handle the credit crisis. Soros told a seminar at […]
Top hedge funds post historic year
Stamford Advocate- Despite a chaotic financial services sector, a new ranking shows money continued to pour into hedge funds at a historic rate last year. The top 100 firms managed a record $1.35 trillion in 2007, including about $148 billion […]
Hedge fund founder guilty in $150 mln fraud scheme
Reuters – A federal jury in Atlanta on Wednesday convicted former hedge fund manager Kirk Wright on charges of scamming investors, including former professional athletes, out of $150 million, the Justice Department said. Kirk was found guilty on charges of […]
April 2008, Global Hedge Fund Performance
West Palm Beach (HedgeCo.net)- Hedge funds started the second quarter of 2008 on a strong note as global stock markets recovered, according to Singapore-based hedge fund research company Eurekahedge. "The Fed’s aggressive response to the weakness across credit markets and […]
Hedge Funds in Swaps Face Peril With Rising Junk Bond Defaults
Bloomberg- It’s Friday, March 14, and hedge fund adviser Tim Backshall is trying to stave off panic. Backshall sits in the Walnut Creek, California, office of his firm, Credit Derivatives Research LLC, at a U-shaped desk dominated by five computer […]
Hedge funds urge CSX shareholders to elect their board slate
CNN Money- Two hedge funds urged shareholders of CSX Corp. on Tuesday to elect their minority slate of five board candidates, arguing that their nominees have more industry experience and a greater financial stake in the railroad operator. The hedge […]
Hedge Funds Hop on the Icahn Bandwagon
New York (HedgeCo.Net) – Another hedge fund is backing Carl Icahn’s proxy battle against Yahoo, days after Paulson & Co. gave their support. Third Point LLC, a hedge fund that manages $5.7 billion in assets, is believed to be on […]
Toronto Hedge Fund Takes Big Stake In ‘Sun-Times’ Parent
Editor & Publisher – Polar Securities, a Toronto-based hedge fund, disclosed Tuesday that it has purchased a big stake in troubled Sun-Times Media Group (STMG). In two filings with the U.S. Securities and Exchange Commission (SEC), Polar said it has […]
BlackRock sees platinum prices at new records
Reuters- Production problems at platinum mines in South Africa and growing demand from car makers mean prices of the precious metal have potential to hit new highs, a fund manager at BlackRock told Reuters. A power crisis in South Africa, […]
Hedge fund offer responds to CGT changes
Accountancy Age- Thames River Capital has introduced new realisation shares on its £276m Thames River hedge fund, run by Ken Kinsey Quick, to give investors an alternative source of tax-efficient income following the government’s changes to the Capital Gains Tax […]