Yearly Archives: 2008
Hedge funds lose out to stocks, bonds in March-MSCI
Reuters – Hedge funds had a rough time in March, taking losses in most strategies and underperforming global stocks and bonds as a whole, data from MSCI showed on Thursday. The index provider said its MSCI Hedge Invest Index fell […]
NorthPoint Trading Hires Ex-BofA Prime Brokerage Exec.
April 4, 2008 – Atlanta, GA – Keith Milko has joined NorthPoint Trading Partners LLC, a premier Prime Brokerage and fund services company, as Director of Client Services. Milko spent the last 8 years as a Vice President at Bank […]
Bernanke Defends Fed’s Decision to Rescue Bear
West Palm Beach (HedgeCo.Net) – “Who let our financial system become so fragile that one failure jeopardizes the health of the entire system?” That was the question that republican Senator Jim Bunning asked at a hearing yesterday to determine whether […]
SEC hunts illegal trades in Bear case
Financial Times – US securities regulators are trying to determine whether illegal trading and rumour mongering took place in the days leading up to the emergency sale of Bear Stearns to JP-Morgan Chase, the chairman of the Securities and Exchange […]
SPQR Capital Delays Opening of Credit Hedge Fund
Bloomberg – SPQR Capital LLP, the London-based investment firm co-founded by former Deutsche Bank AG executives, delayed opening a fixed-income hedge fund and may cut as much as half its staff, according to a person with knowledge of the situation. […]
SEC sues UK hedge fund over mutual fund 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 Plc, […]
Och-Ziff hedge funds down in 2008
West Palm Beach (HedgeCo.Net) – Och-Ziff Capital Management reported that all four of its funds experienced losses in the first quarter, in a filing with the SEC not normally seen by hedge funds. The OZ Master Fund, which manages more […]
Goldman flagship fund buys stake
Financial Times – A fund run by Goldman Sachs became the third in as many days to buy a stake in a hedge fund manager, taking a minority holding in New York’s Claren Road Asset Management. Claren Road, which manages […]
Hedge funds find new openings in low-leverage world
Reuters – Exploiting opportunities created by wild market movements, rather than loading up on leverage, will be the key to hedge fund returns this year. While prime brokers tighten credit lines as the credit crisis unfolds, hedge funds see excellent […]
Canadian Hedge Fund Manager Faces Charges of Market Manipulation
West Palm Beach (HedgeCo.Net) – A Canadian hedge fund manager has been charged with market manipulation after partaking in shady trading practices. Darren Delage was reportedly trying to boost the price of Environmental Applied Research Technology House Earth Corp. while […]
Hedge Fund Panel to Discuss Future of Advertising
West Palm Beach (HedgeCo.net)- A high-level panel of hedge fund experts are planing a forum to discuss and debate the state of hedge fund advertising and marketing in the alternative investment management community. Panel-participant Phil Goldstein, the plaintiff who single-handedly […]
Yellow Pages fights hedge fund factor with buyback
Globe and Mail- Lots of executives complain that hedge fund trading weighs heavy on their stock. Yellow Pages Income Fund is actually doing something about the problem. Yellow Pages announced Friday that it will spend up to $300-million buying back […]