Yearly Archives: 2008
Deephaven Freezes Multistrategy Hedge Fund to Avoid Asset Sales
Bloomberg – Deephaven Capital Management LLC, the hedge-fund unit of stockbroker Knight Capital Group Inc., froze a $1.6 billion fund after investors asked to get back 30 percent of their money. Withdrawals from the Deephaven Global Multistrategy Fund were suspended […]
Hedge funds working to limit redemptions
Reuters UK – Dozens of hedge funds have told investors they cannot get their money back right now as managers try to limit a wave of redemptions to safeguard all their clients’ investments — as well as their own futures. […]
Emissions Fund Pure Capital Peforms Well
West Palm Beach (HedgeCo.net) – In this time of extreme market moves and poor investment performance, specialist investment manager, Pure Capital, a “targeted non-correlation manager” has been performing nicely, according to sources. “The bespoke portfolio solutions we have developed for […]
T. Boone Pickens liquidates energy equity hedge fund
Dallas Morning News – Hedge fund operator and oil prognosticator T. Boone Pickens liquidated one of his hedge funds last month as the stock markets plunged. The Dallas billionaire converted his energy equity fund to cash and offered investors the […]
DILLARD’S HEATED AT HEDGIES
New York Post – Three board members at the embattled Dillard’s department-store chain lashed out at a pair of hedge funds that are agitating to oust the retailer’s top management. In a rare public statement, the Dillard’s trio of independent […]
Hedge Fund of Funds’ Revealing Q3 Report
Seeking Alpha – This morning I pulled out a third quarter report for a hedge fund of funds and read it. It had some numbers in it that weren’t particularly good, but were way better than I thought they’d be. […]
Hedge funds fear bankruptcy after Porsche squeeze
Times Online – Hedge funds were heading for a full-blown row with the German Government last night as it emerged that funds sitting on tens of billions of euro losses after short-selling Volkswagen could go bankrupt. Porsche, VW’s biggest shareholder, […]
Hedge Fund Boxers Forget Market Woe, De-Stress at Charity Fight
Bloomberg – At 5-foot-4 and 48 years, Nissim “The Miracle” Tse is the shortest and oldest of 34 boxers signed up for this year’s Hong Kong Hedge Fund Fight Nite. Calling himself “a financial warrior,” Tse likens boxing to his […]
Ratings downgrade hits Hollywood investors
Reuters – A largely unnoticed ratings downgrade on a slate of Paramount Pictures movies backed by hedge-fund money offers rare proof that such innovative packages have proved to be wobbly investments. The Melrose I fund, established in 2004, was cut […]
Activists take Aim on property funds
Investors Chronicle – Activist investor Laxey has sunk its claws into yet another Aim-traded overseas property fund. Having built up a 9 per cent stake in Indian township developer Hirco, it wrote to management this week demanding they take action […]