Yearly Archives: 2008
Hedge Funds Gone Wild
CNBC – Hedge funds have more control over stock prices than market and business fundamentals, Cramer said yesterday during Wednesday’s show, but now it looks like at least two companies are fighting back. Yesterday Cramer explained how massive hedge fund […]
Fortis winds down three hedge funds
Fortis has closed three small hedge funds in the aftermath of its acquisition of part of ABN Amro and merger of the Belgian and Dutch banks’ asset management operations, according to a report in the Financial Times. The Fortis European […]
Ausdrill blames share slump on hedge fund
News.com.au – Takeover target Ausdrill has blamed a fall in the company’s share price on hedge fund selling after comments from suitor Macmahon that its bid was unlikely to succeed. Ausdrill said that it believes selling from hedge funds accounted […]
Hedge Fund Glory Days Fading Fast
New York Times – Making millions — or even a few billion — by managing a hedge fund has been a running dream on Wall Street in recent years. But suddenly even the masters of this $2 trillion universe are […]
Hedge fund’s Chanos-financials have seen the worst
Reuters – Hedge fund manager Jim Chanos, who makes money betting that companies’ stock prices will fall, said financial stocks have probably seen the worst and his fund has fewer short positions now than it did in the past. "We […]
Probe Says: IRS, Major Banks Helped Offshore Hedge Funds Avoid Billions in Taxes
New York (HedgeCo.Net) – A year-long probe launched by a U.S. Senate Committee has discovered that numerous Wall Street banks have assisted offshore hedge funds in evading millions of dollars in U.S. taxes. The Permanent Subcommittee on Investigations has concluded […]
KP Secutiries and Sophia Capital Join Forces to Raise Funds
West Palm Beach (HedgeCo.net) – Hedge fund managers KP Securities and Sophia Capital Securities announced that they are joining forces, enhancing the 2 firms ability to raise capital for alternative investment managers. The transaction between the two firms was finalized […]
Medvedev demands action to lure funds into Russian mkt
Forbes – Russia’s government and central bank must act to lure additional funds into its financial market, President Dmitry Medvedev said on Thursday. "The government and central bank should undertake all necessary measures to ensure inflows of additional funds into […]
Lehman, UBS Among Firms Involved in Tax Dodge, U.S. Probe Says
Bloomberg – Lehman Brothers Holdings Inc., UBS AG and Merrill Lynch & Co. are among Wall Street firms that concocted derivatives and stock-loan deals to help offshore hedge funds dodge hundreds of millions of dollars in U.S. taxes, according to […]
Getting Harder To Hedge
New York Post – Despite headlines about hedge funds that got decimated after making complicated bets on mortgages or energy, the most basic investment strategy of picking which stocks will rise and which will fall – known as long-short equity […]
FUND VIEW-Evolvence wary on Gulf utilities, likes banks
Reuters HK – Gulf utility stocks should be approached with caution given their need for high capital investment in the next few years and limited pricing power, the manager of the Evolvence MENA Hedge Fund said on Wednesday. But shares […]