Yearly Archives: 2008
Aviva Investors to boost hedge fund-style products
Reuters – The British arm of asset management group Aviva Investors is betting that investor interest in hedge fund-style products will survive the credit crisis and rebound once market turmoil abates. Paul Abberley, UK CEO, told Reuters Aviva Investors would […]
Hedge fund sues Petters
Bizjournals.com – A Minneapolis hedge fund has sued Petters Group Worldwide, alleging it was defrauded out of $60 million in a deal involving “imaginary televisions.” Interlachen Harriet Investments, a Cayman Islands-based unit of Minneapolis-based Interlachen Capital Group, filed the suit […]
Thain to head investment banking, wealth at BofA
Reuters – John Thain, the Merrill Lynch & Co Inc chief executive who engineered the firm’s sale to Bank of America Corp, will head investment banking, securities and wealth management at the new company — at least for now. But […]
Hedge funds head for rocks: James Saft
Reuters UK – That whole "make money in any market" thing isn’t necessarily working out to the advantage of the hedge fund and private equity industries. And it’s not just them: a forced deleveraging and potential global recession mean the […]
Hedge Funds Score a Victory in Short-Selling Rules
New York Times Blogs – Turns out hedge funds will not have to publicly disclose their secret strategies after all, at least not any time soon. The reprieve for the industry came late Wednesday. The Securities and Exchange Commission quietly […]
Salida Capital Freezes Three Funds That Used Lehman as Broker
Bloomberg – Salida Capital Corp., a Toronto-based hedge-fund manager with assets of about C$900 million ($834 million), halted redemptions on three of its funds after the bankruptcy of Lehman Brothers Holdings Inc. Lehman acted as prime broker for Salida’s C$157 […]
New York Hedge Fund Fails to Gain Seats on Board
New York (HedgeCo.Net) – New York hedge fund Elliott International’s quest to place two members of its team on the board of New Zealand-based Telecom has officially come to an end when they failed to win the bid at the […]
Big hedge funds suffer big losses in September
Reuters – Hedge funds made history in September but not the kind most managers want to remember. Among the biggest losers, as last month’s returns are slowly revealed to investors, are some of the $1.9 trillion hedge fund industry’s most […]
Buffett Wannabe Tied to $2 Billion Ponzi Scheme
New York Post – Billionaire Tom Petters fancied himself the next Warren Buffett – that is until his empire starting crashing down like a house of cards. The feds accuse Petters, one of Minneapolis’ fastest rising business stars, of secretly […]
Trimming fees: Hedge funds make changes
Norwalk Advocate – Some hedge funds are reducing their management and incentive fees to keep investors for longer periods during turbulent times on Wall Street. Typically, hedge fund managers require investors to lock their money into a hedge fund for […]
Hedge fund launches in dire times
Globe and Mail – On monday, when North American markets cratered, was not the most auspicious day to launch a closed-end fund of hedge funds, but Star Hedge Managers Corp. has been quietly trading since then. This fund invests in […]
Mooring Hedge Fund Gains Amid Losses
West Palm Beach (HedgeCo.net) – Mooring Financial Corp., a private investment firm specializing in the management of alternative assets, has seen its hedge fund, the Mooring Intrepid Opportunity Fund gain 37% year-to-date, while global hedge fund returns have declined almost […]