Yearly Archives: 2008
With the end of the US election, managers begin to plan for new administration’s effects on economy and regulation
Opalesque – For the US financial markets, as the credit crisis unfolded there was, along with the desire for immediate action, a sense that the government was taking temporary steps until the election would decide which administration would be the […]
What Can Hedge Funds Expect from President Obama?
New York Times Blogs – After pouring money into Barack Obama’s campaign, what can hedge funds and their executives expect from the new president? If history is any exmaple, says FINAlternatives, they shouldn’t expect a cuddly relationship. Mr. Obama didn’t […]
Obama victory helps unions, auto companies
Washington Times – Barack Obama’s victory in the presidential race will give labor unions and the embattled U.S. auto industry a strong ally in the White House, and likely will put pressure on oil and gas producers and pharmaceutical companies. […]
Permal Suspends Withdrawals From Two Hedge Funds Run by NWI
Bloomberg – Permal Group temporarily blocked clients from taking money out of two hedge funds that invest with NWI Management LP while NWI changes its redemption rules, according to two people familiar with the matter. The firm, based in London, […]
Technology helps commodity funds outsmart market
Reuters UK – Artificial intelligence is helping trend-following commodity hedge funds triumph in treacherous markets when human brains alone aren’t enough. With industry data showing the average hedge fund down 20 percent or more this year due to strategies messed […]
Former Citigroup Manager Joins RFA
West Palm Beach (HedgeCo.net) – Hedge fund IT provider, Richard Fleischman & Associates, announced that Colin Moe has joined the firm as account manager. The appointment furthers RFA’s unprecedented growth and commitment to serve its client base of 400-plus alternative […]
Former UBS Exec Sentenced in Manhattan
New York (HedgeCo.Net) – A former UBS AG executive has been sentenced to 6-1/2 years in prison after pleading guilty to selling private information about the bank’s stock recommendations. Mitchel Guttenberg, a former manager in UBS’ equity research department, was […]
Last-hour US market madness seen abating for now
Reuters – In the past month, traders could have shown up on Wall Street at 3 p.m. and not have missed much. The last hour, even the last min utes, of trading seemed to be the only ones that mattered […]
China Construction Bank to launch $731 mln health fund
Reuters Shanghai – The investment banking arm of China Construction Bank plans to launch a 5 billion yuan ($731.3 million) fund to focus on investments in the country’s rapidly growing heathcare sector, state media reported on Tuesday. Hong Kong-based CCB […]
Dow Jones Suspends 2 Hedge Fund Benchmarks Amid Deleveraging
CNNMoney.com – Dow Jones & Co. has suspended the publication of two hedge-fund benchmarks and the Dow Jones Hedge Fund Balanced Portfolio Index that incorporates them, saying that the underlying hedge funds have been deleveraging in an effort to reduce […]
VW squeeze may hit hedge funds frozen by Lehman
Reuters – Several hedge funds with assets frozen at Lehman Brothers may have been hit by wrong-way bets on Volkswagen, industry executives said, possibly hurting funds on trades they cannot close. While no money has yet been demanded by the […]
3i Infrastructure buys bonds from distressed hedge funds
Telegraph.co.uk – 3i Infrastructure, which is 43pc owned by private equity group 3i, said it had exploited an "anomaly in the market" and added it was keen to take part in any purchase of Gatwick, after BAA was told it […]