Yearly Archives: 2008
Delphi Probes Hedge Funds to Uncover Short-Selling
West Palm Beach (HedgeCo.Net) – Delphi is going forth with investigations to reveal whether or not the hedge funds supporting their $6.1 billion refinancing did in fact, short their stock. The bankrupt auto-parts maker has accused members of Appaloosa […]
Northern Rock to trim third of staff
AP – Northern Rock PLC will slash one-third of its staff and cut its home loans book by half as it phases out financial support from the government over the next three to four years, the British lender said Tuesday. […]
State Street to Replicate $200 million worth of Hedge Funds
West Palm Beach (HedgeCo.Net)- State Street Global Advisors, worth $2 trillion in assets, has been appointed by Universities Superannuation Scheme to manage a $200 million hedge fund replication mandate. According to studies, 85% of returns by the average fund of hedge […]
Sovereign funds steer clear of Wall St
HONG KONG (Reuters)- Absent from a last minute deal to scoop up Bear Stearns on the cheap was an investor group that’s spent a lot of money on Wall Street lately. Sovereign wealth funds appear to have steered clear of […]
Turmoil a boon for fund service providers
LUXEMBOURG (Reuters) – Goldman Sachs’ asset management division posted record first-quarter results on Tuesday despite high-profile hedge fund woes and executive departures last year, but customer money poured out of some hard-hit funds. Asset management revenue rose 23 percent to […]
Goldman asset management up despite hedge fund woes
NEW YORK (Reuters) – Goldman Sachs’ asset management division posted record first-quarter results on Tuesday despite high-profile hedge fund woes and executive departures last year, but customer money poured out of some hard-hit funds. Asset management revenue rose 23 percent […]
Hedge funds are stuck
Globe and Mail- TransAlta is one of a growing list of Canadian companies that feature activist shareholders that took positions in a different era, and now face a world of pain as they contemplate heading for the exits. A number of hedge […]
How Sulzberger beat the hedge funds at their own game
CNNMoney.com- It seemed too easy. Two months ago, a pair of little-known hedge funds informed the New York Times that they were mounting a campaign to elect four directors to the company’s board. Monday, the nation’s most powerful newspaper publisher capitulated […]
Subprime Eyed by Blackstone, Goldman for Contrarian Hedge Funds
Bloomberg- Hedge fund manager Steve Moyer joined 4,000 realtors and bargain hunters at a five-hour Southern California housing auction in February. As the tuxedoed barker peddled foreclosed homes for hundreds of thousands of dollars below their previous sale prices, Moyer […]
Shorts sweet for funds
Melbourne Herald Sun- LEADING fund managers yesterday defended the practice of short selling locally listed banks and other blue chip stocks. They insisted it was a legitimate way of generating returns in a bear market The Australian Council of Superannuation […]
NE Chapter of Hedge Fund Association to Present Emerging Marketplaces
Boston – March 18, 2008 – The Hedge Fund Association is pleased to present Emerging Marketplaces with speakers Kirk Inglis, the CFO of Prosper and Justin A. Brownhill, the Co-founder and CEO of The Receivables Exchange. Generously sponsored by Fidelity […]
Thousands Face Redundancy as Bear Stearns’ New Owners Look for Cuts
Times Online – Department heads from JPMorgan Chase yesterday began redundancy talks with their counterparts at Bear Stearns after securing a rescue deal late on Sunday evening to buy the bank for 6 per cent of its value last week. […]