Yearly Archives: 2010
Interview: Hugh Hendry, hedge fund manager
Scotsman – The economy is set for a prolonged depression and the Scottish Parliament is “a wanton waste of a poor country’s resources”. So says Hugh Hendry, a high-profile hedge fund manager who left his humble roots in Castlemilk behind […]
Peacocks’ owners start search for buyers: report
MarketWatch – Peacocks’ owners will kick off a search for potential buyers next month, valuing the U.K. clothing chain at an estimated GBP600 million, according to the Daily Mail on Sunday newspaper, without saying where it got its information. Advisers […]
Castlestone fund to target new “BRIC” countries
Reuters – Fund firm Castlestone Management plans to launch a portfolio investing in emerging markets from the Philippines to Iran, hoping they will show the same rapid growth seen in China and India in recent years. The Next 11 Emerging […]
Investors Pull $7.1 Billion From Stock Funds Globally, Buy Emerging Bonds
Bloomberg – Investors withdrew a net $7.1 billion from equity funds tracked worldwide in the week to Aug. 25 and put some $5.2 billion into bonds amid concern economies in the U.S. and Europe are losing momentum, EPFR Global said. […]
Hedge Fund Investors to Sue Ernst & Young
New York (HedgeCo.net) – A lawsuit has been filed against hedge fund auditors Ernst & Young after a group of investors lost more than $17 million following the collapse of a Plano, Texas-based hedge fund that promised low-risk investments. The […]
Taconic Capital Tennis Champs Take U.S. Open Lessons Into Hedge Fund World
Bloomberg – Jim Grabb and Richey Reneberg are teaming up on Wall Street, 18 years after capturing the doubles championship at the U.S. Open. The duo work in adjoining offices at hedge fund Taconic Capital Advisors LP, the latest stop along a […]
Cocoa’s Drop Pressures a Big Wager
WSJ – Anthony Ward’s huge cocoa bet could be melting away. Mr. Ward’s Armajaro Holdings Ltd. shook up the commodities market in July by buying a $1 billion cache of cocoa, enough to make 15 billion Hershey’s milk-chocolate bars. But […]
Proposing an Overnight Gold Fund
GoldPrice – There is much debate within the precious metals industry regarding the alleged suppression, or at least manipulation to an extent, by either central banks or the proprietary trading divisions of large banks, or a combination of the two. […]
Hedge Fund Disclosure Rules Favor Hedge Funds
Seeking Alpha – The Securities and Exchange Commission nicely illustrates a big problem with regulation: capture. Under the pretext of justice or fairness, the SEC routinely hurts the unorganized plebians vs. the insiders. Consider that its first commissioner was Joe […]
RIL, DE Shaw Plan $800 Mn Infra Fund
RTT News – After its recent entry into the telecom sector, energy giant Reliance Industries, controlled by billionaire Mukesh Ambani, is now close to signing a pact with global hedge fund DE Shaw to launch a $700-$800 million infrastructure fund, the Economic […]