Yearly Archives: 2008
Sherr’s One William Street Leads New Hedge Fund Rush
Bloomberg- David Sherr, a former Lehman Brothers Holdings Inc. executive, is opening a New York-based hedge fund to trade today’s most toxic investments: mortgage bonds and asset-backed securities. Sherr, a 21-year Lehman veteran who most recently ran the firm’s securitization […]
Ritchie Capital to Re-File Suit against Coventry First
West Palm Beach (HedgeCo.Net) – Ritchie Capital Management has dropped its suit against Coventry First, so that it can re-file a similar suit with new claims against the Fort Washington, Pa. based life insurance company. “Our investors lost hundreds of […]
Hedge Funds Taking Legal Action against British Government
West Palm Beach (HedgeCo.Net) – 31 investors are believed to be on board in the lawsuit levied at the British government, headed by Northern Rock’s largest shareholder, SRM Global. SRM, along with other shareholders of the bank, are ready to […]
Hedge Fund Population May Shrink in Asia
Wall Street Journal- The hedge-fund party may be over in Asia. After years in which the number and assets of Asia-focused hedge funds have steadily risen, prime brokers and hedge fund managers say they expect a larger number of managers […]
UK hedge fund suffers as JGB trade goes sour
Financial Times- A $3bn London hedge fund lost more than a quarter of its value on Monday as it became the biggest victim of the unwinding of a popular Japanese government bond trade. Endeavour Capital, run by former Salomon Smith […]
Investors in hedge funds dump commodities
Minneapolis Star Tribune- Hedge fund money streaked out of commodities Wednesday like a red-hot meteor, as large speculators worried about a firming dollar and the tenuous condition of the U.S. economy and financial institutions. Debris from the flameout came from […]
Ireland’s pension fund to exclude munitions-report
DUBLIN (Reuters) – Ireland’s National Pensions Reserve Fund plans to withdraw 27 million euros (21 million pounds) of investment from six firms involved in the production of cluster munitions, Irish media reported on Wednesday. The NPRF, charged with securing funds […]
Australian Hedge Funds Reject Manipulation Claims
Bloomberg- The Australian hedge fund lobby rejected allegations that its members manipulated stock prices and said it supports greater disclosure when investors sell borrowed shares. The Australian chapter of the Alternative Investment Management Association, which represents more than 60 hedge […]
Hedge funds increase pressure on Hypo Real Estate management
FRANKFURT (Thomson Financial)- Hedge funds are increasing pressure on Hypo Real Estate Holdings AG’s management after the real estate financier’s share price slumped in the past two months, weekly Capital reported in its online edition citing a hedge funds representative. […]
Polar picks up stocks from distressed hedge funds
LUXEMBOURG (Reuters)- Fund boutique Polar Capital said on Tuesday it has been buying up mid and small-cap stocks from hedge funds forced into distressed sales, and sees further forced selling this year as tough conditions prevail. The comments from Polar […]
Fewer funds launched in 2007 than in 2006-data
Reuters- Fewer hedge funds were launched last year than in 2006, according to new data released on Wednesday that seems to suggest it is getting increasingly difficult to start these loosely regulated portfolios. Data compiled by Hedge Fund Research, which […]
Martin Currie launches fund of hedge funds
CityWire.co.uk- Edinburgh-based Martin Currie is to launch a fund of hedge funds next month. The Martin Currie Omnium Fund, which will be available in April, will blend the firm’s current range of hedge funds within a single vehicle and have no additional […]