Yearly Archives: 2008
UBS Reports Hedge Fund Losses
West Palm Beach (HedgeCo.net)-UBS issued a Shareholder Report detailing the key facts relating to the firm’s positions and losses through December 31, 2007. In the summary the Swiss bank says thats it’s massive subprime losses were the result of excessive […]
UBS admits errors to shareholders
BBC News- Swiss bank UBS has admitted that a lack of risk control and ambitious plans to grow revenue led to its huge losses when the global credit crunch struck. The admissions come in a 50-page report to shareholders before […]
Japan life insurers embrace hedge funds for returns
Reuters- Low government bond yields and volatile currency markets are pushing Japan’s traditionally conservative life insurers into riskier investments to boost returns, with hedge funds and private equity set to get more of their huge cash pile. With little prospect […]
UK hedge fund to take on Securities and Exchange Commission
Times Online- On one level, it appears almost comical – a tale that manages to draw in Harry Potter’s enemy Lord Voldemort, Shakespeare and a series of TV shows. On another, it is a story that involves some of the […]
Thames River hedge fund manager goes long subprime
Reuters- Thames River fund manager Ken Kinsey-Quick has moved long some battered subprime assets after shorting the sector last year, because he thinks they are cheap, and also hopes to make money out of a fall in commodity prices. Kinsey-Quick, […]
Charming Shoppes Inc. warns shareholders of evil hedge funds
West Palm Beach (HedgeCo.Net) – Charming Shoppes Inc. is urging shareholders to re-elect their board of directors, amidst intense pressure from two outside hedge funds. Crescendo Partners and Myca Partners have been pushing for change in the plus-size clothing manufacturer […]
Soros Urges Hedge Fund Regulation
West Palm Beach (HedgeCo.Net) – Billionaire George Soros used his appearance in Brussels to not only promote his new book, "The Paradigm of Financial Markets," but to call upon a much heated topic: hedge fund regulation. The founder of […]
Systematic Absolute Return AG to Conduct a Survey of the Environmental Alternative Investment Universe
Systematic Absolute Return AG is conducting a survey of the environmental alternative investment universe. The growing number of investment opportunities within this space is met by both excitement as well as bewildered scepticism by many professionals not yet tuned in […]
DITMo Strategy to be announced this month
Peter J. de Marigny will introduce the DITMo Strategy to Fund of Hedge Fund attendees at the Inaugural Event of the Harvard Business School Club of New York hosted by Omni Research on Thursday, 24 April. The event includes two […]
UBS Teams Up With Hedge Fund Enso To Create Alternative Fund
WEST PALM BEACH, FL (HedgeCo.net)-UBS AG is teaming with $600 million hedge fund Enso Capital Management LLC, creating UBS Enso Management LLC. The new fund will pursue alternative stock investment strategies, the companies said in a joint statement. UBS clients […]
Mobius picks Brazil and China
HONG KONG (Reuters) Brazil, China, Turkey and South Africa are the top picks of high-profile emerging markets fund manager Mark Mobius, who also sees value in developed market firms with heavy emerging market exposure. China and Turkey in particular have […]
FBI’s Mueller Says Subprime Fraud Probe May Lead to Hedge Funds
Bloomberg- FBI Director Robert Mueller said the agency’s investigations into the subprime loan meltdown may uncover financial crimes committed by hedge funds and private equity firms. Federal Bureau of Investigation agents have opened 19 criminal probes of companies in connection […]