Yearly Archives: 2008
Asia hedge firms see distressed asset opportunity
Reuters – Hedge funds betting on the debt of troubled companies look set to feast after years of lean pickings in Asia Pacific as the global credit crunch tosses up a banquet of opportunities, industry players said on Monday. Macro […]
Hedge fund legends hit by financial crisis
Telegraph.co.uk- Even for the affluent residents of London’s Holland Park, the arrival in the area last year of Gerard Griffin, head of Tisbury Capital, was big news. Curtains twitched as a multi-million-pound refurbishment of his house began. Rather than buy […]
Hedge fund manager faces cocaine charge
ReportonBusiness.com- Hedge fund manager Matthew MacIsaac was near the end of a pre-St. Patrick’s Day party blitz when he allegedly bought cocaine for a woman at a Toronto after-hours club. Unfortunately for the 32-year-old executive at MM Asset Management Inc., […]
Man Group buys 50 percent of fund manager Ore Hill
LONDON- Reuters) Man Group, the world’s largest listed hedge fund company, will buy 50 percent of U.S. credit specialist fund manager Ore Hill, seizing on what it said was "significant opportunity" presented by the credit crisis. Man said on Monday […]
Lack of takeovers pinches arb hedge funds
Globe and Mail- Hedge funds that make money by speculating on the success of takeovers may be the next round of casualties in the industry, not because of bad bets but because of a lack of anything to bet on. Bloomberg News is […]
Pentagon Capital sees complaint filing against CEO
LONDON (Reuters)- Hedge fund firm Pentagon Capital said Thursday it suspended its funds because it expects the U.S. Securities & Exchange Commission (SEC) to file civil complaints against Chief Executive Lewis Chester. Pentagon, which manages 1.1 billion pounds in assets […]
Augustus Relaunches Quant Fund
West Palm Beach (HedgeCo.Net) – Augustus Asset Managers of Britain have relaunched their quantitative currency hedge fund after some remodeling of it’s computer-driven strategy. The Systematic Fund, which was originally launched on July 1 of last year, abruptly closed in […]
Hedge Fund Man Group Exceeds Expectations
West Palm Beach (HedgeCo.Net)- Hedge fund manager Man Group plc announced that they are "extremely well placed to see continued strong growth." In a statment regarding its close period for the year, Man said, "This is a very strong set […]
Hedge fund builds stakes in housebuilders
Guardian- Cheap mortgages may be getting more and more difficult to come by but housebuilding shares shook off worries about falling demand for new homes yesterday. Instead, investors preferred to concentrate on the possibility of takeovers in the sector. One […]
Hedge Fund Manager Mukai Picks Analysts, Not Stocks for Japan
Bloomberg- Tadashi Mukai outperformed all his hedge fund rivals in Japan last year by researching analysts, rather than companies. Mukai’s $21 million UMJ Neutro Fund climbed 11 percent, the biggest return among 13 market-neutral funds, those that don’t take directional […]
Hedge funds: the return of risk
Financial Times- Talk about a high-risk hedge fund and most people assume it is a tautology. This year’s sudden collapses of the $2bn flagship fund of London’s Peloton Partners and the $1bn New York-based Focus Capital, as well as a […]
Hedge funds raise profile in US grain business
Reuters- CHICAGO (Reuters) – The presence of hedge funds in the U.S. agricultural sector expanded on Thursday with the sale of ConAgra Foods Inc’s grain business to Ospraie, as speculators increasingly tie their futures trades to physical markets. Trade sources said […]