Yearly Archives: 2008
OS alternative funds receive local support
Money Management – HSBC will soon provide local services to its global hedge fund and private equity clients as they chase “the superannuation dollar”. HSBC plans to increase its footprint in the Australian market with the introduction of local alternative […]
Israeli hedge funds beat benchmark
Globes – Priority Investments Ltd.’s Israeli hedge fund index, Hedge Fund Priority Index (HFPI) fell 0.85% in July, compared with a 4.66% drop by its benchmark, the Tel Aviv 25 Index. However, the Hedge Fund Research Inc. (HFRI) fund weighted […]
Egotists who are renaming New York City
Financial Times – The soaring egos of the very wealthy seem to be contaminating the spirit of philanthropy. Increasingly, public buildings, or parts of them, are being renamed after big donors whose gifts are made on condition that their names […]
Citadel, SAC Capital Get Pick of Casualties as Carnage Worsens
Reuters UK – Balyasny Asset Management LP recruited more than 30 money managers and analysts from competing hedge funds in the first eight months of the year, exceeding its total for all of 2007. “We have been aggressively looking for […]
Foreign funds cut Nigeria exposure, impact limited – analysts
Reuters – Nigeria’s buoyant real economy and strong domestic liquidity will limit the damage caused by hedge funds and portfolio investors pulling money out of the country as the global financial crisis bites, analysts say. The sheer size of Nigeria’s […]
Hedge funds face struggle for survival
Globe and Mail – Black clouds have been building over the hedge fund industry for much of the year, and a storm could break in coming weeks as investors receive their second set of lousy monthly results from funds that […]
Hedge fund Atticus loses more than $5 bln -source
Forbes – U.S. activist hedge fund Atticus Capital has lost more than $5 billion this year, a source familiar with the matter told Reuters, after its funds were hit by heavy falls in financial stocks. Atticus, a high-profile player in deals […]
Professor Rajan Proposes Hedge Funds For India
West Palm Beach (HedgeCo.net) – In the April 2008, Draft Report of the Committee on Financial Sector Reforms headed by Professor Raghuram Rajan, it was proposed by the high-level committee that, “The presence of hedge funds would induce greater competitive […]
African Agricultural Land Fund Launch
West Palm Beach (HedgeCo.net) – Emergent Asset Management launched the African Agricultural Land Fund in August 2008, with a second closing to take place in September 2008. The fund has raised almost €2 billion already ($2.9 billion), and wants to […]
Biden’s Son In Fund Suit
New York Post – Hedge fund executive Hunter Biden has had anything but a quiet introduction to his career in finance. The 38-year-old son of Democratic vice presidential candidate Sen. Joe Biden is caught up in several lawsuits regarding the […]
Cerberus offloads MFI stake to restructuring specialist
Daily Telegraph – Cerberus, the American hedge fund, has sold its stake in Merchant Equity Partners, the owner of the MFI furniture chain, to Hilco and Goldman Sachs. The secretive investment firm was one of the original backers of MEP […]