Author Archives: the HedgeCo News Team
Star commodities traders ditch banks for hedge funds
Reuters – Star commodity traders, once synonymous with high-profile banks, are leaving for little-known investment firms that let them work and earn in ways iconic Wall Street firms no longer can. The financial crisis and its amplifying threat on risk […]
JP Morgan backs out of toxic assets plan
Mail Tribune – The Treasury Department on Thursday defended the viability of its $1 trillion plan to get soured mortgage investments off of banks’ books after JPMorgan Chase’s chief executive said the company won’t participate in the program. Some analysts […]
World stocks head for 6th week of gains
Reuters – World stocks steadied on Friday but were still on track for a sixth consecutive week of gains, while the euro fell on worries about the region’s prospects. MSCI‘s main world stock index was flat despite modest gains in […]
We’re Not A Hedge Fund
Wall Street Journal – As regulators gear up to monitor private pools of capital more, private equity firms have a message they really, really want to get across: we’re not hedge funds. PE firms hope that they can educate regulators […]
Liberia buys back $1.2bn in debt
Moneybiz – Liberia has bought back $1.2-billion in government debt at a steep discount, the World Bank, which helped finance the buyback, said on Thursday. The impoverished African country has "significantly reduced its foreign debt" at a discount of nearly […]
Hedge funds set to be back in game
Zawya.com – The worst may be over for hedge funds with redemptions recording a decline for the third consecutive month in March and industry players expecting stability to return soon. Net investor redemptions and liquidations in March were an estimated […]
Top hedge fund boss picks return of bull market
New Zealand Herald – The modest recovery staged by world stock markets in recent weeks may mark the beginning of a new bull market for equities, one of the UK’s best-known hedge fund managers said yesterday. Crispin Odey, the founder […]
General Growth files for bankruptcy protection
Reuters – General Growth Properties Inc GGP.N, the second largest U.S. mall owner, on Thursday filed for bankruptcy protection on Thursday, making it one of the biggest real estate bankruptcies in U.S. history. Ending months of speculation, the Chicago-based mall […]
Islamic short-selling can develop market: bourse
Reuters – Islamic short-selling would help develop sharia capital markets, Malaysia’s stock exchange chief said on Thursday, defending plans for a controversial platform it hopes will improve market liquidity. Some sharia scholars frown on short-selling, saying it amounts to selling […]
John Ho to step down as Asia chief at The Children’s Investment Fund
Times Online – John Ho, the head of The Children’s Investment Fund’s (TCI) operations in Asia, is poised to resign over what sources describe as a “clash of minds” with Chris Hohn, its notoriously abrasive founder. The same sources said […]
Comment: Is Cayman under threat as a fund domicile?
Hedge Week.com – For most of the past decade, the Cayman Islands have been the world’s dominant offshore alternative fund domicile. At the last count, the jurisdiction had around 10,000 funds, the vast majority of which are hedge funds of […]