Yearly Archives: 2008
Hedge Fund Services Group Formed By RBC
West Palm Beach (HedgeCo.Net)- RBC Capital Markets, the hedge fund arm of the Royal Bank of Canada, has formed the RBC Global Prime Services Group to provide support to hedge fund managers, mutual fund managers and institutional asset managers. Jeremy […]
Hedge fund hires ex-US Treasury official
Financial News Online US- Tennenbaum Capital Partners hired Marvin Barth to identify investment opportunities and evaluate the merits of potential investments. Barth worked as chief economist for international affairs at the U.S. Department of the Treasury. He was the principal […]
Hedge funds come unstuck on truth-twisting
Sydney Morning Herald- For the past decade, its explosive growth has been based on a simple claim: that skilled money managers, motivated by high performance fees, could outperform the market when it was going up – and sidestep the trouble […]
Blackstone says market turmoil to last until 2010
LONDON (Reuters)- The financial markets are likely to see turmoil until 2010 as institutions struggle to understand its cause, Blackstone senior managing director John Studzinski said at the Reuters Hedge Funds and Private Equity Summit in London. "This year is […]
Fears for super as hedge funds play
NEWS.com.au- THE Federal Government is concerned that increased hedge fund activity in the current market conditions could damage national superannuation savings. Superannuation Minister Nick Sherry said that while the Government could not regulate against hedge funds or investment strategies, it […]
FSA says hedge fund oversight is adequate
BRUSSELS (Reuters)- The current system of indirect oversight of hedge funds is appropriate and the sector is not the culprit behind the current market crisis, a senior market regulator said on Tuesday. "Hedge funds are neither catalysts or drivers of […]
Quantek Announces RMF Strategic Investment in its Frontier Fund
MIAMI, FL, April 3, 2008 – Quantek Asset Management, LLC, an investment managersubsidiary of Bulltick Capital Markets based in Miami, Florida, announced today thatit has received a strategic investment from RMF, based in Pfäffikon, Switzerland.RMF, a core investment manager of […]
Former hedge fund manager gets 6 year sentence
West Palm Beach (HedgeCo.Net) – Former hedge fund manager Marvin Friedman has been sentenced to 6 years in prison two years after pleading guilty to defrauding investors out of more than $100 million dollars. Friedman, who ran the San Diego […]
TPG considering $5 billion investment in Washington Mutual
West Palm Beach (HedgeCo.Net) – Private equity firm TPG Inc. is considering a $5 billion investment in Washington Mutual. Talks have been intense, and the two parties are expected to reach an agreement within the next few days according to […]
Hedge fund Sprott to gamble on IPO
Globe and Mail- Contrarian investor Eric Sprott is swimming against the tide again, planning an initial public offering of Sprott Asset Management Inc. in the midst of the worst IPO market in a decade. The imminent deal could value the […]
HSBC Halbis plans India mid-cap hedge fund
Reuters- U.S. securities regulators sued a London-based hedge fund and its chief executive on Thursday, alleging they schemed to defraud mutual funds and shareholders in the United States. The U.S. Securities and Exchange Commission said Pentagon Capital Management, which manages […]
U.S. SEC sues UK hedge fund Pentagon over trades
NEW YORK (Reuters)- U.S. securities regulators sued a London-based hedge fund and its chief executive on Thursday, alleging they schemed to defraud mutual funds and shareholders in the United States. The U.S. Securities and Exchange Commission said Pentagon Capital Management, […]