Yearly Archives: 2008
Hedge Funds Sit on Cash In Unsure Times
New York Sun- Stock hedge funds, unsure about which direction the markets would move, sat on a record amount of cash as the industry headed for its biggest quarterly decline in almost six years. Equity managers, who oversee about one-third […]
Iceland threatens ‘bear trap’ intervention against hedge funds
CNN Money- Iceland is prepared to order direct intervention in the currency and stock markets in an attempt to punish international hedge funds that it claims are attacking its financial system, said Prime Minister Geir Haarde. ‘We would like to […]
The hedge fund opportunity
Jamaica Observer- The four international offshore leaders are the Cayman Islands, the British Virgin Islands, the Bahamas and Bermuda, which all come under the Caribbean offshore jurisdiction. Of these four, the Cayman Islands overshadows its competition by a wide margin […]
Paulson’s Plan Puts Hedge Funds Under Watch
FOX Business- Hedge funds, often described as ‘secretive’, with their pools of cash invested in everything from soybeans to mortgages — may soon find themselves under the watchful eye of the Securities and Exchange Commission. Currently, the Commodities and Futures […]
Private Eye Launches Hedge Fund
Hedge Fund Review – Satirical magazine Private Eye has launched the Curse of Lord Gnome Fund. The fund launches with £200m, targeting annualised returns of 20% with volatility between 8% and 10%. The fund will follow four key strategies: aggressive […]
Paulson proposes tighter regulation, increased power of SEC
West Palm Beach (HedgeCo.Net) – On Monday, the Bush Administration outlined what could be the biggest restructuring of financial regulation since the Great Depression. The 218 page “Blueprint for Regulatory Reform” presented by Treasury Secretary Henry Paulson comes amidst the […]
Pardus $2 Billion Hedge Fund Freezes Redemptions
West Palm Beach (HedgeCo.Net) – Pardus Capital Management has halted redemptions from their activist hedge fund, locking up over $2 billion of investors capital. Hoping to reduce any anxiety associated with selling the shares prematurely, the move was made in […]
Macquarie Capital buys hedge fund Craton Capital
Reuters – Australia’s Macquarie Capital has acquired European-based boutique commodities hedge fund Craton Capital, sources close to the deal said. No details about the price Macquarie paid were forthcoming, but a source at the bank said: "The four members of […]
Proxy Fight Looms for Media General, Hedge Fund
Dailypress.com – RICHMOND – Seats on Media General Inc.’s board of directors might not be as easy to obtain for a dissident shareholder group that had recent success gaining access at the New York Times Co. Harbinger Capital Partners is […]
BlackRock Offers $500 Million IPO
West Palm Beach (HedgeCo.Net) – BlackRock Inc. has just launched a $500 million fund of funds IPO to be traded on the London Stock Exchange. The fund, Absolute Return Strategies, Ltd will aim to generate 6 percent over the 3-month […]
HSBC’s Vega Fund to buy Sing Lun
West Palm Beach (HedgeCo.Net) – Vega Co. Ltd has offered to buy Singapore based apparel manufacturer Sing Lun Holdings Ltd for $87 million. Vega Co, which is a wholly-owned subsidiary of The HSBC Private Equity Fund 6, is seeking to […]
Hedge fund drinks to pubs combination
Telegraph.co.uk – Marshall Wace, one of the City’s biggest hedge funds, is to continue pressing for a combination of the managed pubs businesses of Punch Taverns and Mitchells & Butlers despite last week’s withdrawal of a proposal to merge the […]