Yearly Archives: 2008

Sector SPDR Growth

August 6, 2008 : Permalink

West Palm Beach (HedgeCo.net) – In an interview with Dan Dolan of Select Sector SPDRs on how the economic crunch is affecting trading rhythms, Dolan presented a broad overview of sector SPDRs and how more hedge funds and institutional investors […]

Hedge Fund Looking Into Steve & Barry’s

August 5, 2008 : Permalink

West Palm Beach (HedgeCo.Net) – Hedge fund Bay Harbour Management is poised to take over bankrupt clothing retailer Steve & Barry’s. The company announced on Monday it has filed a "stalking horse" purchase agreement with the hedge fund in which […]

ARE Opportunity Fund Launch

August 5, 2008 : Permalink

West Palm Beach (HedgeCo.net) – Lee Hetfield has joined ARE Asset Management LLC, a distressed credit and distressed real estate asset management company in Florida, as Portfolio Manager. Hetfield reports that as of May 30, 2008, ARE Asset Management launched […]

BAA in talks with hedge fund to save finance plan

August 5, 2008 : Permalink

Telegraph.co.uk – BAA is in urgent talks with a hedge fund client of investment bank UBS that is threatening to scupper the airport operator’s proposed £7.65bn refinancing. As today’s deadline for bondholders to vote through a crucial part of the […]

Ex-Merrill Banker Kim Abandons Plans for Hedge Fund

August 5, 2008 : Permalink

Bloomberg – Dow Kim, the former head of trading and investment banking at Merrill Lynch & Co., dropped plans to start a hedge fund after investors backed out, according to two people with knowledge of the matter. Kim had been […]

Fuel hedges could waste airlines’ money

August 5, 2008 : Permalink

Reuters UK – U.S. airlines are cheering a steep decline in the price of jet fuel since mid-July, when crude oil began a nearly $27-per-barrel descent, but that good news may come with a slight sting for carriers that locked […]

Man who foresaw credit crunch pays himself £28m

August 5, 2008 : Permalink

Irish Independant – The fund manager who predicted that the credit crunch would rip a hole through the banking sector has been rewarded with £28m (€35m) in pay and bonuses. Crispin Odey trousered the bulk of the profits made by […]

JPMorgan plans $1 bln Asia property spree

August 5, 2008 : Permalink

Reuters – JPMorgan plans to invest more than $1 billion in Asian real estate over the next three years, hoping to fill a gap as Indian and Chinese developers crave funds and rival investors recoil from property markets. The investment […]

Swedish investor Cevian Capital buys shares in Daimler

August 5, 2008 : Permalink

Forbes – Swedish investor Cevian Capital is acquiring shares in Daimler AG in an apparent effort to become a significant shareholder in the German carmaker, Sueddeutsche Zeitung said, citing an unnamed hedge funds manager source. It said financial sources consider […]

Hedge Funds First to Adopt iPhone Applications for Capital Markets

August 5, 2008 : Permalink

Wall Street & Technology – Now that Apple has improved security and enterprise connectivity capabilities for the iPhone 3G, industry specific applications are starting to emerge. One of the first iPhone applications for the securities industry is a tool that […]

Hedge funds seek out Middle East alpha

August 5, 2008 : Permalink

EuroMoney – Paul Watthey, marketing director for EMEA at Advent Software, estimates that there are approaching 60 hedge funds in Bahrain as well as a smaller number in Dubai. "There has not been the surge in the number of managers […]

Hedge Fund Platform To Expand Research Team

August 5, 2008 : Permalink

West Palm Beach (HedgeCo.net) – Alternative investment platform, Altegris Investments, has plans to expand their research team under the leadership of Mr. Allen Cheng, an accomplished hedge fund investment professional with extensive industry experience. Cheng joins Altegris as Managing Director, […]