Yearly Archives: 2008
Hedge funds behind HBOS rumours
Telegraph.co.uk- When that old fraudster Robert Maxwell died in mysterious circumstances, City wags joked that police were interviewing individuals with a motive to murder him – starting with the entire staff of Mirror Group Newspapers. A similar embarassment of choice […]
BlackRock Inc. Helps to Pick up the Pieces
West Palm Beach (HedgeCo.Net) – At a time when most financial institutions are recovering from multi-billion dollar writedowns and anxiety is running high on Wall Street, BlackRock Inc. is moving forward and taking advantage of some recent pitfalls in the […]
Hedge Funds Cut Commodities Exposure
Financial Times – Commodities prices have been falling across the board as hedge funds cut their exposure to one of the most popular asset classes so far this year, suggesting that recent record prices have been buoyed by speculative flows. […]
SocGen Threatened to Fire Kerviel in 2005, Court Document Says
BLOOMBERG – A Societe Generale SA manager threatened to fire Jerome Kerviel in 2005 after the trader exceeded trading limits with bets on Allianz SE securities, according to a court document. The document, which lays out the Paris appeals court’s […]
BlackRock stakes place as fixer with Fed
BOSTON (Reuters)- Lawrence Fink is proving that he really is Wall Street’s Mr. Fix-It. BlackRock Inc, the small bond shop Fink grew into one of America’s biggest asset managers, on Monday added another $30 billion (15 billion pounds) to the […]
Goldman Said to Be in Talks for Trafalgar Stake
New York Times Blogs- Goldman Sachs is in talks to buy a significant stake in Trafalgar Asset Managers, one of London’s top hedge funds, according to The Telegraph. Petershill, a $500 million private equity fund within Goldman Sachs’ asset management […]
Babylon Fund Does Well In Iraq
West Palm Beach (HedgeCo.Net)- Godvig Capital Management’s hedge fund, The Babylon Fund, reported a rebound in Febuary, reviving a long-term uptrend, according to the company. All asset classes in the portfolio contributed to the rebound, Godvig said, Iraqi bond yields […]
Clinton offers plan to ease credit crisis
Baltimore Sun- Sen. Hillary Clinton rolled out a series of proposals yesterday to ease the nation’s housing and credit crises, including a $30 billion fund to help cities and states aid distressed homeowners, but some critics faulted it as insufficient. […]
French bank SocGen fined over internal system failings
Budapest Business Journal- The French financial market regulator AMF said Friday it had fined French bank Societe Generale €300,000 ($464,000) for breaching financial industry’s rules and a suspected insider trading. In August 2003, the Amber Fund, a Jersey-based hedge fund […]
Hedge funds seen keeping tight hold of borrowing
NEW YORK (Reuters) – Hedge funds paused on Monday from last week’s aggressive moves to pare debt and add cash to their balance sheets, but few are expected to return to a reliance on strategies involving heavy borrowing because of […]
Bear Stearns Rises on Report of Higher JPMorgan Bid
BLOOMBERG- Bear Stearns Cos. surged more than 50 percent in early trading in New York after the New York Times reported that JP Morgan Chase & Co. may quintuple its takeover offer for Bear Stearns Cos. to more than $1 […]
Hedge Funds for Habitat Raise $20,000
West Palm Beach (HedgeCo.Net)- Hedge Funds for Habitat-NYC hosted an event on Friday that brought 30 volunteers from the hedge fund industry together, many with no prior construction experience, to drywall rooms, saw wood, measure and cut metal studs and […]