Yearly Archives: 2008
Hedge Funds Busy Planning New Asia Funds
FINalternatives- Hedge fund honchos announced plans for a slew of new fundraising efforts to take advantages of opportunities in Asia—and investor appetite for them—at an industry summit. Tribridge Investment Partners and HSBC Halbis Capital Management unveiled plans for new hedge […]
Bear Stearns and Deloitte sued over hedge fund losses
Reuters- The liquidators of two Bear Stearns mortgage hedge funds that collapsed last year, filed suit on Monday against the company and its auditor, Deloitte & Touche, seeking to recover over $1 billion (500 million pounds) in losses. The suit, […]
Massachusetts won’t go it alone in hedge funds
Reuters- Massachusetts, an early investor in hedge funds, has no plans to give in to pressure and start making direct investments in these loosely regulated portfolios, the state pension fund’s executive director said on Monday. The $52 billion fund, called […]
Hedge Fund Appaloosa Backs out of $2.55 Billion Commitment
West Palm Beach (HedgeCo.Net) – Hedge fund Appaloosa Management has backed out of their $2.55 billion commitment to bankrupt auto-parts maker Delphi. The announcement which came via the SEC on Friday was a blow to parent company GM, and a […]
Blue Horizon Asset Management Launches Global Equity Fund
Blue Horizon Asset Management has announced the launching of its new fund, the Blue Horizon Global Equity Fund, LP. The fund employs a long/short equity strategy with a focus on investing in international equity markets. This includes companies that are […]
U.S. SEC sues UK hedge fund Pentagon over trades
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 […]
Chadda Launches Alternative Investment Division In London
West Palm Beach (HedgeCo.net)- European hedge fund advisor Carne Global Financial Services Group has announced the launch of alternative investment and wealth management technology and operational consultancy divisions in London. Chief executive John Donohoe said, "The entire fund management industry […]
Stock hedge funds sitting on their cash
Boston Globe- Stock hedge funds sat on a record amount of cash as the industry posted its biggest quarterly decline in almost six years. Equity managers, who oversee about one-third of the $1.9 trillion in hedge funds, held an estimated $90 […]
Hedge fund manager saw subprime meltdown
San Jose Mercury News- The last time we wrote about Michael Burry, he was a Santa Teresa High School student preparing for the 1988 Academic Decathlon. The nervous kid who was trying to speed-memorize the names of the presidents has […]
Ocean venture brings hedge fund option to New Zealand shores
New Zealand Herald- A Christchurch investment bank has signed a deal with a London-based wealth management business to offer New Zealanders more opportunities to access investment products in Europe and the US – including hedge funds. Ocean Partners, set up […]
FACTBOX: Asia’s top 10 hedge fund firms
Reuters- The 2008 Reuters Hedge Fund and Private Equity Summit features interviews with leading industry executives and managers from April 7-9 in New York, London, Singapore and Hong Kong. Below is a list of Asia’s 10 largest hedge fund managers […]
Hedge Fund Closures: Ebola or Just a Nosebleed?
Seeking Alpha- We’re usually content to let sleeping dogs lie after issuing an opinion on mass media bias against hedge funds. But, we have to quickly follow-up on Tuesday’s posting about hedge fund attrition. We argued that creative headline writers […]