Yearly Archives: 2008
Drake considers liquidating all hedge funds
NEW YORK (Reuters)- Drake Management, which manages nearly $5 billion in hedge fund assets, told investors on Wednesday that it is considering liquidating all three of its hedge funds, citing "challenging market conditions." The New York-based fixed income trader, which […]
Hedge funds now feeling the pain from The Great Unwind
Globe and Mail- The Great Unwind continues to rip through the financial world like my snow blower through the drifts in my driveway last weekend and the hedge fund world is the latest place where the damage is piling up. […]
UBS Doesn’t Give Uncollateralized Hedge-Fund Loans
Bloomberg- UBS AG, which fell 3.8 percent in Swiss trading after Carlyle Group’s mortgage-bond fund moved a step closer to collapse, said it doesn’t give uncollateralized loans to hedge funds. “All our trading and lending activity with hedge funds is […]
Boss rues collapse of hedge fund
BBC Business- Private equity giant Carlyle Group has pledged to "stand by" investors in the firm’s failed billion dollar hedge fund, the Financial Times has reported. The firm’s co-founder David Rubenstein told the newspaper that he was working on ways […]
Investors Reluctantly Wait for Drake’s Next Move
West Palm Beach (HedgeCo.Net) – Drake Management LLC, the firm run by former BlackRock Inc. managers, may shut down their $3 billion Global Opportunities Fund, according to a recent letter to investors. The firm’s largest hedge fund, which saw a […]
Hedge Funds on the Brink as US Federal Reserve Cash Fails to Ease Crisis
Times Online – Several hedge funds with assets of more than $4 billion (£2 billion) were on the brink of collapse last night or had halted withdrawals, despite moves by the US Federal Reserve this week to ease America’s deteriorating […]
Darling Says – Deal With It!
West Palm Beach (HedgeCo.Net) – Ignoring intense pressure from businessmen and government officials over the past month, Alistair Darling has asserted that his tax plans for non-domiciled residents are here to stay and will be implemented starting in April. […]
WaMu gets Capital Offer from UK Hedge Fund
Reuters – U.K. hedge fund Toscafund Asset Management LLP has approached Washington Mutual Inc., offering to participate in any consortium looking to recapitalize the bank, The Wall Street Journal reported on Wednesday. Citing a person familiar with the matter, the […]
Times: No Sale, Hedges!
New York Post — The New York Times Co. isn’t bowing to pressure from dissident shareholders who want it to shed the Boston Globe and other assets. Chief Executive Janet Robinson said yesterday that a Globe sale is unlikely given […]
Hedge Funds Place Bets, Small Investor Takes Fall
The Toronto Star – And the beating goes on. The global credit crisis that began last summer, triggered by a collapse in the U.S. market for subprime or "junk" residential mortgages, has since Feb. 15 forced hedge funds with assets […]
End is Sought to Ban on Hedge Fund Advertising
New York Sun — The hedge fund manager who successfully sued the Securities and Exchange Commission to stop what he deemed a burdensome regulation on the industry is now eyeing a First Amendment lawsuit to lift a ban on the […]
Keynote Speaker Added for HFA Events in Greenwich
New York – March 12, 2008 – The Northeastern Chapter of the Hedge Fund Association is pleased to announce that Justin A. Brownhill, the Co-founder and CEO of The Receivables Exchange will deliver the keynote address at upcoming events in […]