Yearly Archives: 2008
Nippon Life Insurance to Boost Hedge Fund Investments
Bloomberg – Nippon Life Insurance Co., Japan’s biggest life insurer, said it will boost hedge fund investments and may target distressed assets to take advantage of volatility caused by the collapse of the U.S. subprime mortgage market. Nippon Life, with […]
RK Capital Hedge Funds Lost Up to 30% in August as Metals Fell
RK Capital Management LLP, the metals hedge-fund firm co-founded by Michael Farmer, lost as much as 30 percent last month amid falling copper and aluminum prices, according to an investor with the firm. The declines cut the combined returns of […]
Third-Quarter 2008 Asset Manager M&A Activity Climbs Amid Financial Crisis, According to Jefferies Putnam Lovell
NEW YORK – Deals involving asset managers rose in the July to September 2008 period, with the global credit crunch as the backdrop for a jump in divestitures to almost 40% of total sales, up from 23% a year earlier, […]
Hedge fund firm GAM planning distressed fund
Reuters – GAM, the hedge fund firm owned by Julius Baer AG, is preparing to launch a distressed debt fund of funds after watching asset prices reach "extreme levels", a company letter seen by Reuters said. In a letter to […]
Hedge Fund Finds Itself on Defense
New York Times – Kenneth C. Griffin was one of those Wall Street whiz kids. As a teenager, he traded out of his dorm room at Harvard. In his 20s, he opened his own hedge fund. In his 30s, he […]
Tyser, Horseman Show Investors Not All Hedge Funds Are Losers
Bloomberg – Harry Tyser, manager of the $100 million New Star Firefly Hedge Fund in London, was still trading while being wheeled into the operating room for kidney- stone surgery. “It’s life and death out there right now,” said Tyser, […]
Will Both Large And Small Hedge Funds Survive?
istockAnalyst.com – September may in fact be the cruelest month of all, at least for hedge funds – now even worse than the previous "comeuppance month" just this last July. Popular funds, such as Greenlight Capital and Maverick Capital had […]
UPDATE-Airline Files For Chap.11 After Petters Arrest
West Palm Beach (HedgeCo.net) – Holiday airline Sun Country filed for bankruptcy yesterday, just 3 days after the arrest of investor Thomas Petters, founder of Petters Group Worldwide, the firm that owns Sun Country among other investments. Petters was charged […]
Rep Frank vows more financial policing
Reuters – Blaming lax regulation for what turn into the worst U.S. financial crisis since the Great Depression, Rep. Barney Frank vowed on Monday to police banks and hedge funds more actively to avoid future financial meltdowns. Frank, the powerful […]
Hedge Fund Award Winners
Caymen Net News – Law firm Ogier has captured another coveted hedge fund industry award for its leadership in the offshore investment funds arena. The Hedge Fund Journal awarded Ogier “Offshore Law Firm of the Year 2008” by a panel […]
BNP forks out $26b for Fortis units
Sydney Morning Herald – BNP Paribas SA, France’s biggest bank, agreed to take control of Fortis in Belgium and Luxembourg for 14.5 billion euros ($26 billion), completing a breakup of the lender after a government rescue failed. BNP Paribas will […]
Blackstone Closes China Investment in Bluestar
West Palm Beach (HedgeCo.net) – State-owned company China National Chemical Corporation (ChemChina) and hedge fund manager the Blackstone Group announced the closing of Blackstone’s investment in ChemChina subsidiary, China National Bluestar Corporation. Bluestar has also completed its group restructuring and […]