Yearly Archives: 2008
Turnberry Capital to liquidate its fund
Stamford Advocate – A Greenwich hedge fund company is among hundreds of the risky investment entities that have closed or are projected to close this year amid volatile equity and commodity markets. Turnberry Capital Management told investors last week that […]
Loeb, Under SEC Probe, Defends ‘Give-and-Take’ With Other Funds
Bloomberg – Daniel Loeb, whose Third Point LLC is being investigated by regulators, said his "give-and-take” with other hedge-fund managers doesn’t violate securities laws. The U.S. Securities and Exchange Commission is probing New York-based Third Point, which manages $5.6 billion, […]
Federal Reserve investigated Lehman rumors
Reuters – The Federal Reserve acted on rumors last month and called Credit Suisse Group to see if it had pulled a credit line from Lehman Brothers Holdings Inc, The Wall Street Journal said citing people familiar with the matter. […]
DLA Piper names Australian Luke Gannon to launch transactional funds
Hedge Week.com – DLA Piper has appointed Australian corporate and financial services lawyer Luke Gannon as a partner in its corporate group and head of the firm’s funds practice throughout Asia. Gannon, who will be based in DLA Piper’s Hong […]
Investment Outsourcing for the Hedge Fund World
West Palm Beach (HedgeCo.net) – The growth of investment research outsourcing (IRO) was initially driven by economics. Sell-side Banks no longer had revenue streams to support the free distribution of research and therefore looked for a cheaper way. The answer […]
Emerging-market hedge funds gain traction
InvestmentNews – Emerging-market strategies gained some momentum during the quarter ended June 30, but are still struggling, according to Hedge Fund Research Group LLC of Chicago. HFR reported today that emerging-market hedge funds took in $995 million during the second […]
Hedge Fund Fraudster to Pay $300 Million Back to Investors
New York (HedgeCo.Net) – Paul Eustace, former head of Philadelphia Alternative Asset Management Company, has been ordered to pay back nearly $300 thanks to his fraudulent ways. According to a statement by the Commodity Futures Trading Commission, the Canadian resident […]
Reuven Enterprises President & CEO Ron Reuven Starts Uniquely Informative and Often Contrarion Personal Blog
August 2008 – Reuven Enterprises is proud to announce the launch of ourCEO’s BLOG. The goal of this blog is to let investors worldwide have Mr.Ron Reuven’s first hand insight on the issues that face the financialmarkets today without the […]
Asia Stocks Edge Higher as China Approaches Policy Change
West Palm Beach (HedgeCo.net) – In a Reuters release today, it is reported that Asian stock markets edged higher, rebounding from a two-year low. Chinese shares surged on hopes for policies from Beijing to jumpstart growth, though many analysts said […]
Short reign of luck and leverage
Times Online – Jon Wood, the ballsy and opportunistic hedge fund manager who wagered that there was value in Northern Rock even as the bank was collapsing last autumn, has reportedly lost 85 per cent of his investors’ money. He […]
Hedge Fund SageCrest Files For Bankruptcy
West Palm Beach (HedgeCo.net) – In an effort to head off a forced asset sale, Windmill Management’s SageCrest Finance and SageCrest II filed for Chapter 11 bankruptcy after its assets fell sharply. The hedge fund filed at U.S. Bankruptcy Court […]
A TV reporter gambles, and loses, on running a hedge fund
International Herald Tribune – Do you remember a time, only a short while ago, when virtually anybody could start a hedge fund? It seemed so easy: Billions of dollars were being thrown around like confetti, even at first-time managers. Greenwich, […]