Yearly Archives: 2008
India-focused hedge funds lose over 25% in 2008
Hindu Business Line- India-focused hedge funds have lost a jaw-dropping 26.6 per cent till date in 2008, after clocking returns of nearly 52 per cent last year. Hedge funds are believed to be able to generate positive returns, even when […]
Hedge funds shorted Challenger shares
Business Spectator- High-profile Sydney lawyer Chris Murphy has pointed the finger at hedge funds, saying that the funds were responsible for the short selling of shares held in his Opes Prime accounts. Mr Murphy said that he believes that his […]
Judge Dismisses Involuntary Bankrupt Suit against Hedge Fund
West Palm Beach (HedgeCo.Net) – In an “expected, but gratifying victory,” the involuntary bankruptcy suit against Ritchie Capital and its Multi-Strategy Fund has been dropped. Judge Susan Sonderby dismissed the case at a Chicago hearing on Friday, four months after […]
The World’s Ultra-Rich List
West Palm Beach (HedgeCo.Net)- The Family Office Organisation has just released the 3rd Edition of "The 3300 Global Family Office Database 2008", with 1800 entries from the USA and 1240 from Europe. The world’s ultra-rich families have established these ‘Family […]
Brokerages stampede to India to launch funds
MUMBAI (Reuters)- International and domestic financial firms are queueing up to launch mutual funds in India, lured by attractive fees and rising valuations in Asia’s third-biggest economy, and to counter the impact of a sharp fall in broking fees. At […]
Lehman liquidates three floundering funds
Reuters- Lehman Brothers has liquidated three floundering investment funds that lost value and ended up taking $1 billion (500 million pounds) of assets from the funds onto its balance sheet, according to a filing with the U.S. Securities and Exchange […]
M&B admits private equity firms may buy stake
Times Online- Mitchells & Butlers (M&B), the owner of the All Bar One and Harvester chains, admitted today several private equity firms had expressed interest in company and confirmed it has approached rival Punch Taverns about buying its £1.1 billion […]
Londons status as global powerhouse strong
Reuters- The position as a leading global city and finance hub is London’s to lose despite private equity business increasingly moving to Asia from Europe, speakers said at the Reuters Hedge Funds and Private Equity Summit in London. They added, […]
Hedge fund boss plugs into new venture
Independent- Pierre Lagrange, co-founder of the hedge fund group GLG, has taken a personal stake in Power Amp, a portfolio of British musicians run by industry guru Jazz Summers and Tom Bywater, a former Citigroup banker. Mr Lagrange, a 44-year-old […]
Hedge Fund Manager Misses The Cut At The Masters
FINalternatives- Hedge fund manager Trip Kuehne is retiring—from his second job as an amateur golfer. After qualifying for this years’ Masters golf tournament, Kuehne, of the appropriately named Irving, Texas-based Double Eagle Capital Management, said he hoped to make the […]
Kaupthing accuses hedge funds of ‘smears’
This is Money- Leading Icelandic bank Kaupthing has taken the extraordinary step of accusing four London hedge funds of illegally trying to drive it towards bankruptcy for their own profit. In what looks likely to lead to a massive legal […]
Hedge funds and private equity face talent shake up
Reuters – More and more top hedge fund and private equity managers are set to move to new firms as the credit crisis bites, speakers at this week’s Reuters Hedge Fund & Private Equity Summit in London said. Life has […]