Yearly Archives: 2008

FINalternatives- Buoyed by tumult in the mortgage market, a Miami-based real estate company is making the leap into the hedge fund space with the debut of two offshore funds. ARE Asset Management has launched the ARE Fixed-Income Fund and the […]

West Palm Beach (HedgeCo.Net) – Long after the collapse of Enron in 2001, Citgroup has agreed to pay $1.66 billion to creditors of the Houston based company. The settlement, which was reached right before the case was set to go […]

West Palm Beach (HedgeCo.Net)- New York Top 5 hedge fund Och-Ziff’s firm Ctrl S. Data Centers, said it is planning to invest $250 million to open four data centres in the country in next 2-3 years. "We are planning to […]

Times Online- John Meriwether, the man behind one of the world’s largest hedge fund collapses in the late Nineties, is struggling to keep investors from bailing out on his latest venture. Mr Meriwether is best known as a founder of […]

The Age- New York woman, whose lawyer said she has worked at hedge funds, has been charged with operating a $US2-million-a-year prostitution business. Kristin Davis, 32, was accused of money laundering and promoting prostitution through a ”high-end prostitution ring” that charged […]

DUBAI (Reuters)- Abu Dhabi government-owned IPIC and Qatar Investment Authority (QIA) will establish a $2 billion (1 billion pound) fund for global acquisitions, the managing director of IPIC said on Tuesday. "We plan to invest in all sectors, including oil […]

LONDON (Reuters)- U.S. investment bank Merrill Lynch and France’s Societe Generale both launched global carbon indexes on Wednesday to track the international carbon markets, which were worth some $60 billion (30 billion pounds) last year. The indexes will allow investors […]

Australian IT- Up to 1000 hedge funds around the world could collapse as the industry consolidates, casualties of the rush of long-short equity funds that entered the market during the global bull run. HSBC’s global head of hedge funds, Patrick […]

Desicritics.org- Let us compare them with a charity, ok? A charity generally spends about 13-14% on management and administration fees. In other words, out of £100 that it gets in contributions and grants, on an average, it manages to spend […]

Reuters- Hedge fund firm Pentagon Capital said it is to shut its funds, as tough credit conditions continue to hurt the hedge fund industry. The firm, run by Lewis Chester and Jafar Omid and which manages 1.1 billion pounds in […]

Dow Jones- Highfields Capital Management’s 7.7% stake in radio broadcaster Clear Channel Communications Inc. (CCU) took a big hit Wednesday, but Highfields isn’t the only big-name investor that stands to lose if the now- in-jeopardy $19.4 billion private equity buyout […]

Reuters- Man Group, the world’s biggest listed hedge fund firm, said on Thursday it would beat analysts’ average profit forecast for the year ended March 31, despite turmoil in financial markets. The group said it had benefited from a bigger-than-expected […]