Yearly Archives: 2008
The $240 Million Acquisition Of Bear Stearns
West Palm Beach (HedgeCo.Net)- JPMorgan Chase & Co. announced the acquisition of Bear Stearns Companies Inc. The Boards of Directors of both companies have unanimously approved the transaction. Based on the closing price of March 15, 2008, the transaction would […]
Turbulent hedge fund industry set for more failures
LONDON (Reuters)- The collapse of hedge fund Peloton last week is unlikely to be the last in the $2.5 trillion (1.2 trillion pound) industry as credit conditions tighten. London-based Peloton Partners, which had held nearly $3 billion in assets, is […]
Govt Funds Heat Up Oil Prices
The Associated Press- As oil prices charge past $110 a barrel, analysts say government-run investment funds from oil-rich nations may be adding speculative heat to an already red-hot market. By placing bets in futures markets, these sovereign-wealth funds are no […]
ICBC, Standard Bank set up resource fund
BEIJING (Reuters)- Industrial and Commercial Bank of China ICBC.L has signed a final agreement with South Africa’s Standard Bank to jointly set up a $1 billion global resource fund, a person familiar with the matter said. A formal announcement on […]
Touradji Says Commodity ‘Buying Orgy’ Increases Risks
Bloomberg- Paul Touradji, founder of the $3.5 billion hedge fund Touradji Capital Management LP, told clients a “buying orgy” in commodities had inflated prices and increased risks of a collapse. Commodities “have all gone parabolically higher on frenzied money flow,” […]
Hedge Funds, Once a Windfall, Contribute to Bear’s Downfall
Wall Street Journal- The hedge-fund business came back to haunt Bear Stearns last week, however, as a wave of nervous funds pulled their accounts, helping to put the brokerage firm in a precarious position. The moves, which came even though […]
Ritchie Capital Awaits Next Hearing
West Palm Beach (HedgeCo.Net) – April 3rd will mark a big day for investors of hedge funds if a judge chooses to proceed with an involuntary bankrupt suit in what ultimately could require Ritchie Capital to unveil their balance sheets. […]
Carlyle Capital Unable to Halt Redemptions
West Palm Beach (HedgeCo.Net) – When Carlyle Capital announced that lenders would most likely take over their assets after failed attempts at refinancing, investors rushed for redemptions, causing shares to plummet and lose most of their value. “It has become […]
Hedge funds have overtaken the Big Bang as the most important thing people know nothing about
Daily Mash (satire)- As a massive American hedge fund faces imminent collapse, millions of people across the globe have found themselves panicking without the faintest idea why. Tom Logan, head of markets at Donnelly-McPartlin, said: "This fund was over-speculated in […]
SIV To Pay Creditors In Full
West Palm Beach (HedgeCo.Net)- Justice Etherton has ruled that structured investment vehicle (SIV), Whistlejacket, must pay off creditors that were due to be paid on the day it declared insolvency. A statement on the ruling was issued, detailing how different […]
Record diamond prices spark fears over speculation
LONDON (Reuters)- Strengthening demand for top quality diamonds has pushed prices to world-record highs, but investments in the gemstones could sour if economic turmoil forces speculators to flood the market. Surging global economic growth and a rapid fall in the […]
Budget move to open up more funds to UK investors
LONDON (Reuters)- UK investors will have access to a much greater range of investment funds after the Treasury said on Wednesday it plans to extend favourable tax treatment to more offshore funds. The Treasury said that in order to qualify […]