Yearly Archives: 2008
Heads of Hedge Funds Among World’s Richest
West Palm Beach (HedgeCo.Net) – The coveted list is here! Forbes magazine has named the World’s Richest, with 1,125 billionaires making the list… the most ever. Warren Buffet took the title of World’s Richest Man, with a fortune of $62 […]
PCM Green Power Fund launches on 1st April 2008
PCM Capital is pleased to announce the launch of PCM Green Power Fund (“Fund”) on 1st April 2008. The Fund – with its Asian focus – is a pioneering Fund of “Green” Funds that invests in environmental and alternative energy […]
Can Hedge Funds Save Delphi? The Clock is Ticking
West Palm Beach (HedgeCo.Net) – Bankrupt auto parts maker Delphi is surrounded by a whirlwind of drama since trying to secure $6.1 billion in exit financing. The former GM subsidiary turned to hedge fund Appaloosa Management, who agreed to extend […]
UBS Faces Charges Amidst Record Losses
West Palm Beach (HedgeCo.Net) – Swiss bank UBS is facing yet another lawsuit, this time from Stamford, Connecticut based hedge fund Pursuit Partners. According to the allegations, UBS marketed securities as investment grade, knowing full well that they were […]
Hedge Funds Post Worst Month in Five Years
Street.Com- A tumultuous market on Wall Street is battering hedge fund managers harder than they’ve experienced in years. Hedge funds saw their worst month performance in about five years in January, generating a composite loss of 2.46%. It’s the group’s […]
Carlyle hedge fund default sends shiver through credit markets
Independent- A fund managed by the US private equity giant Carlyle Group has become the latest to be hit by demands from lending banks making calls on loans secured on mortgage bonds. Carlyle Capital Corp, a publicly traded fund […]
Intech, Australian Asset Advisers Boost Hedge Fund Allocations
Bloomberg- Intech Investment Consultants, Ipac and Van Eyk, three of Australia’s biggest asset advisers, are recommending clients invest in “alternative” assets such as hedge funds to take advantage of volatile markets. Intech, Ipac and Van Eyk, which together advise on about […]
Hedge funds stem exits as credit lines tighten
LONDON (Reuters) – Hedge funds under pressure from a combination of tightening credit lines, illiquid investments and investor redemptions are increasingly moving to stem investor outflows, industry experts told Reuters on Thursday. An increasing number of funds are using gates […]
Professor questions tax breaks for funds
Charlotte.com- An academic credited with being an early critic of U.S. tax breaks enjoyed by private-equity firms and hedge funds has set his sights on a new target: investment funds run by foreign governments. Victor Fleischer, a law professor […]
PCM Green Power Fund launches on 1st April 2008
PCM Capital Management (“PCM”) is pleased to announce the launch of PCM Green Power Fund (“Fund”) on 1st April 2008. The Fund – with its Asian focus – is a pioneering Fund of “Green” Funds that invests in environmental and […]
Sex, Drugs and Fidelity
West Palm Beach (HedgeCo.Net) – Fidelity will pay $8 million to settle the embarrassing claims brought on by the SEC. At he head of the allegations are Vice Chairman Peter Lynch and former head trader Scott DeSano. The two men, […]
Darling Continues to Feel Pressure from Prominent Businessmen
West Palm Beach (HedgeCo.Net) – The attacks on Alistair Darling and his tax agenda keep coming in, this time from three influential businessmen. Michael Snyder, policy chairman of the City of London Corporation, Lord Brittan of Spennithorne, a former European […]