Yearly Archives: 2008
Now, hedge funds to be bailed out
domain-B – Hedge funds will be allowed to borrow from the Federal Reserve for the first time under a landmark $200-billion programme intended to support consumer credit. The new programme is aimed at injecting credit for consumers and small businesses […]
Distressed debt funds line up new year raids
Telegraph.co.uk – Industry sources say private equity and distressed debt specialists have raised about $26bn (£17bn) since the start of October, with some 80pc coming from hedge funds. Distressed debt funds, which buy debt that is trading at a discount […]
Change Ahead for Hedge Funds
New York Times – Hedge funds have suffered a shakeout in 2008. The average hedge fund fell almost 20 percent, according to Hedge Fund Research. No fund has yet required a bailout. But many won’t be around in the new […]
Meet the publishers who mean business
The Independent – Since the credit crunch began, hedge fund managers have become one of the most maligned sections of society, held responsible for the economic pain which all of us now feel. Never mind a row of shrubs, they […]
Hedge Funds County Once Championed Now Prove Too Risky
Voiceof San Diego – San Diego County’s pension fund is slashing its $1 billion hedge-fund portfolio and acknowledging that the investments it once championed have become too risky and no longer make sense. The board of the San Diego County […]
The end of the hedge fund?
For sheer toe-curling embarrassment, it may be a while before Wall Street does better than the Bernard Madoff scandal. Here was a rogue who practically telegraphed his unreliability by hiring a tiny, no-name audit firm, by reporting monthly … Read […]
NYC Man Charged With Insider Trading Scam
New York (HedgeCo.Net) – Former Lehman salesman Matthew Devlin was charged on Thursday with participating in an insider trading scheme, after the New York City resident tipped off friends about 13 soon-to-be mergers. According to the complaint, Devlin got the […]
Affluents Anonymous
Business Spectator – So how are the wealthy dealing with the psychological scarring from this downturn? Psychologists and therapists are one way to go, but an increasingly popular option for high-net-worth individuals in the United States is “wealth peering” – […]
Mass. investor saw inside Madoff scam
The Associated Press – His repeated warnings that Wall Street money manager Bernard Madoff was running a giant Ponzi scheme have cast Harry Markopolos as an unheeded prophet. But people who know or worked with Markopolos say it wasn’t prescience […]
Madoff Task Force hits funds to retrieve billions
This is Money – Nicola Horlick’s Bramdean, Arkie Busson’s EIM and Man Group were today named as potential targets of legal action in the Bernie Madoff $50bn (£32bn) Ponzi scandal. A leading New York law firm specialising in complex financial […]
The Altman Group Wins 3rd Consecutive TOPS Award as “Best Proxy Solicitor,” Again Beating Industry Powerhouses
MSNBC – In a business historically controlled by a small number of dominant players, The Altman Group, Inc., once again proved that outstanding client service remains the true test of what clients are looking for, by winning its third consecutive […]
HFR & CCN Report 693 Liquidated Hedge Funds this year
West Palm Beach (HedgeCo.net) – Chicago-based information company Hedge Fund Research (HFR), said the number of hedge funds liquidated in the third quarter rose to 344, which is more than three times the 105 liquidations in the third quarter of 2007. […]