Yearly Archives: 2008
Tech provider GlobeOp ranked in FinTech 100 and RiskTech 100
West Palm Beach (HedgeCo.net) – Hedge fund technology and administration provider GlobeOp Financial Services has been ranked in both the FinTech 100 and the RiskTech 100. "Technology is central to GlobeOp’s hedge fund services and this dual recognition is timely […]
A hedge fund that actually hedges risk
Globe and Mail – This is how bad things are for hedge funds right now. On the CanadianHedgeWatch.com website, a hub for the hedge business, the lead article one recent day was headlined "The hedge fund collapse." The article, which […]
Ignore the Stock Market Until February
Wall Street Journal – Down in the morning, up in the afternoon. Or is it the other way around? The topsy-turvy stock market is tough to read. In the last year, the Dow Jones Industrial Average has briefly been over […]
Hedge funds find silver lining in crisis
Norwalk Advocate – Crisis can create opportunity, and for the smart hedge fund operator, the downturn gripping the global investment community is a chance to build a respected reputation in the industry. While the financial crisis has been unprecedented, so […]
Hedge Funds May Sell At Year End As Banks Skimp On Lending
CNNMoney.com – For equity markets, 2008 will long be remembered as a year of massive selling, and it’s likely to end the same way. Hedge funds will find it increasingly difficult to obtain lending at the end of the year, […]
Look for Market to Soar When Hedge Funds Stop Selling
Seeking Alpha – A report making the rounds today detailed managers’ Form 13-F filings. This report shows what managers own. Their holdings of U.S. stocks by and large plummeted. The decline in the size of the positions could be from […]
JO Hambro Shuts Hedge Fund After VW-Porsche Trade
Bloomberg – JO Hambro Capital Management Ltd., which oversees about $3.5 billion of assets, will close one of its two hedge funds partly because a bet against Volkswagen AG shares backfired, people familiar with the situation said. The $240 million […]
Ritchie Funds Sued by Barclays Over Hidden Petters Group Stake
Bloomberg – Ritchie Capital Management and Thane Ritchie, the hedge fund manager’s principal, were sued by Barclays Bank Plc over accusations they concealed more than $150 million in investments made in the collapsed Petters Group Worldwide LLC and affiliates. Now […]
Dubai Real Estate Ruled by ‘Natural Selection’
West Palm Beach (HedgeCo.net) – In a recent real estate seminar, sponsored by World Class Group in Dubai, the keynote speaker said that the future of the real estate market will be based on Darwin’s law of natural selection. Michael […]
Cuban may have last word
Vineland Daily Journal – So Mark Cuban — internet billionaire, Dallas Mavericks owner, blogging geyser — is in the soup for alleged insider training, the feds claiming he saved himself $750,000. That’s chump change. It wouldn’t even pay his NBA […]
Obama Embrace of Wall Street Insiders Points to Politic Reforms
Bloomberg – During the height of the financial crisis in late September, some of Barack Obama’s campaign advisers pushed him in a conference call to distance himself from Treasury Secretary Henry Paulson. The former Goldman Sachs Group Inc. chief executive […]