Yearly Archives: 2010
JPMorgan Holds Talks to Acquire Brazilian Fund
NYT – JPMorgan Chase is pushing ahead with talks to acquire a big Brazilian alternative investment fund manager, Gávea Investimentos, despite a potential clampdown on banks owning such operations, a person briefed on the matter told DealBook. Still, the specter […]
UK Hedge Fund SRM’s Case Against Countrywide Dismissed
New York (HedgeCo.net) – London hedge fund SRM Global’s case against Countrywide Financial Corp, the mortgage lender acquired by Bank of America, was dismissed yesterday according to a Reuters article. The hedge fund alleged that Countrywide was “flying blind” and […]
Little progress on US regulatory reform as conference ends first week
Risk – The conference committee charged with reconciling the financial regulatory reform bills passed by the US Senate and House of Representatives reached the end of its first week yesterday with scant progress to show for three full days of […]
Citi Wants $3 Billion for PE and Hedge Fund Units: Report
Reuters – Citigroup Inc is looking to raise more than $3 billion for its private equity and hedge fund units this year, Bloomberg said, citing people with direct knowledge of the plan. Citi Capital Advisors, a unit of Citigroup, may […]
Man-GLG deal signals start of hedge fund M&A wave
Reuters – Man Group’s $1.6 billion (1.1 billion pound) takeover of GLG is likely to signal the start of a wave of mergers in a fragmented hedge fund industry still struggling to rebuild asset levels after the crisis, executives said. […]
Let the hedge funds run the risks
Thw Washington Post – Beginning in the late 1980s, traditional banks began complaining that they were losing market share and profits and all their best people to investment banks, which had cleverly constructed an alternative, or “shadow,” banking system that […]
GOP filibusters wide-ranging benefits and tax bill in Senate
CNN – Senate Democrats failed Thursday to overcome a Republican filibuster of a bill to extend unemployment benefits and prevent Medicare doctors from having their reimbursements cut. All Republicans opposed ending debate on the wide-ranging bill, forcing further negotiations on […]
Hedge Fund Valuation Tool Launched
New York (HedgeCo.net) – A pioneering tool for accurately valuing over-the-counter (OTC) and exchange-traded derivatives was launched today to hundreds of fund managers at the industry’s key annual conference in Monaco. SuperDerivatives (SD), the derivatives benchmark, announced the launch of […]
Bankrupt Mortgage Lender Charged In $1 Billion Misappropriation
New York (HedgeCo.net) – The Telegraph reports that Lee Farkas, the former head of bankrupt mortgage lender Taylor, Bean & Whitaker, has been charged with fraud in a scheme of over $1billion. In a 30-page indictment, Farkas is alleged to […]
UK university scheme backs computer-driven hedge funds
Reuters – Britain’s 30 billion pound ($44.47 billion) universities pension fund, USS, has begun investing in short-term, computer-driven hedge funds in an effort to achieve growth in turbulent markets, its head of alternative investments said. “We’ve accelerated our short-term CTA […]
Local fund groups compete with global ETF players
Pensions & Investments Asia – Activity in the exchange traded funds market shows no signs of slowing up. It seems like every day there is a new listing being announced by a local promoter, or one of the global issuers […]
Senate seeks to only allow investors with a 5% stake nominate board directors
MarketWatch – Democratic lawmakers in negotiations to resolve differences in sweeping financial-reform legislation agreed Wednesday to allow ongoing audits of the Federal Reserve’s books, with Senate lawmakers signing on to a broader investigation authority from a House bank bill. As […]