Yearly Archives: 2008
Australian, New Zealand Dollars Rise as Global Rate Cuts Seen
Bloomberg – The Australian and New Zealand dollars rose as Australian stocks advanced on anticipation interest-rate cuts worldwide will bolster global economic growth. The currencies advanced against the yen as Australia’s S&P/ASX 200 Index gained for the fourth day, its […]
Official defends $144M decision
Newark Star-Ledger – Prompted by criticism from a prominent state lawmaker, the head of the state’s Division of Investment yesterday defended his decision to invest $144 million in pension funds in a BlackRock Inc.-managed hedge fund in the past two […]
Big-name investors, CEOs and hedge funds don’t escape market storm, posting big losses
NewsDay – Here’s something that might provide a bit of solace amid the plunging values in your retirement accounts: Warren Buffett is losing lots of money, too. So are Kirk Kerkorian, Carl Icahn and Sumner Redstone. They are still plenty […]
India-focused hedge funds lost 46% in ’08
Times of India – Often-touted as manipulative, hedge funds have been time and again blamed for indiscriminate selling and thereby pulling down the domestic stock prices even in India. But India-focused hedge funds have also been affected by the meltdown. […]
Money-Laundering Risk Of Hedge Funds Gauged
Washington Post – Seven years ago the Patriot Act required every financial institution to establish a program to combat money-laundering. But the roughly $2 trillion hedge-fund industry today remains free of any such government restrictions, and this week the Treasury […]
Hedge fund Ramius considers closing HK unit
Boston Globe – Ramius, a U.S. hedge fund with $11 billion under management, is considering handing back its Hong Kong trading and advisory licenses, in a sign that some funds are retreating from Asia, the Financial Times reported. The move […]
Dillard’s Board Members Reject Hedge Fund Advances
New York (HedgeCo.Net) – Three Dillard’s Inc board members rejected a plea from hedge funds to have the company’s CEO, William Dillard II, booted from the chair. Barington Capital Group LP and Clinton Group Inc. had been calling for the […]
Citadel Shifts Capital, Will Focus on Seeding
New York (HedgeCo.Net) – Citadel Investment Group announced yesterday it will shut down its $1 billion fund of hedge funds portfolio and use the capital to invest in other businesses. The Fusion fund was launched a year and a half […]
Search Is on for Iceland-Like Hedge Fund in Asia
Bloomberg – It used to be that we searched for economic icebergs in Asia. Now we are on the lookout for Icelands. Last week, Iceland became the first developed economy to seek aid from the International Monetary Fund since 1976. […]
South Korea to introduce new fund sales rules
SEOUL (Reuters) – South Korea will allow mutual savings firms and online-based companies to sell investment funds from next February, and draw up measures to cut sales fees for long-term investors, a regulator said on Sunday. The Financial Services Commission […]
Abu Dhabi Investment House eyes China fund
TIANJIN, China (Reuters) – Abu Dhabi Investment House, a Gulf Arab bank, is planning a $1.5 billion (824 million pounds) private equity fund to invest in real estate and manufacturing in China with a local partner, a senior executive said […]
Real Hedge Funds Don’t Need a Bull Market to Make Money
Seeking Alpha – Risk management Rule No.1: if it can happen then it will happen. Hope for the best but plan for the worst. Recent events have provided good returns for some hedge funds, hard times for other hedge funds […]