Author Archives: the HedgeCo News Team
CDS protection buyers on Lehman to get their cash
Reuters – Investors who bought protection against a Lehman Brothers default in the credit default swaps market have little to worry about getting paid on Tuesday, when an estimated $8 billion in cash payments on Lehman CDS come due. While […]
Hedge Funds May Fall to $1 Trillion by Mid-2009, Citigroup Says
Bloomberg – Hedge-fund assets may fall to about $1 trillion by the middle of next year, a decline of almost 50 percent from their peak in June, because of market losses and client withdrawals, Citigroup Inc. said in a report. […]
Hedge fund exec seeks additions to vast estate
Norwalk Advocate – Hedge fund manager Steven Cohen is no stranger to the Planning and Zoning Commission. The panel has approved many additions to his Crown Lane estate since he bought it in 1998 for $14 million. The founder of […]
See acceleration in outflows from hedge funds
EPFR – Moneycontrol.com – Brad Durham, Managing Director of EPFR said there could be some acceleration in outflows from hedge funds. He added that India funds saw USD 24 million of inflows and that recently, outflows from some EMs (emerging markets) have tamed. […]
Pharos Hedge Fund Launches Office In Dubai
West Palm Beach (HedgeCo.net) – Pharos Financial Advisors Limited, a specialist emerging markets fund manager, announced that it has been granted a license by the Dubai Financial Services Authority (DFSA) to operate as an authorised firm within the Dubai International […]
Hedge fund group cancels winter event
Minneapolis Star Tribune – The local hedge fund industry has canceled its Winter Ball, scheduled for the Minneapolis Club in December, "due to volatility within the hedge fund industry." The big shooters at Deephaven Capital Management, Whitebox Advisors, Pali Capital, […]
Obama appointees bring experience
Toledo Blade – President-elect Barack Obama is forming a White House leadership team that combines experienced Washington insiders who can help build a bridge with Congress and trusted associates who share his Chicago roots. The West Wing appointments that […]
Soros fund ups Petrobras stake
Petroleumworld.com – The hedge fund of billionaire investor George Soros increased its stake in Brazilian state-run oil company Petroleo Brasileiro ( Petrobras) to 21.1 million American Depositary Receipts as of Sept. 30 from 11.5 million at June 30. Soros Fund […]
PXP Vietnam to start hedge fund, bets on stock recovery
Thanhnien – The PXP Vietnam Value Fund will raise as much as $200 million to invest in undervalued stocks, Snowball said. PXP, the initials of Phan Xi Pang, Vietnam’s highest mountain, is betting that the stock market will recover […]
Quant traders limit risk as losses mount
Reuters UK – Robust returns for a group of powerful hedge funds that thrived for years using sophisticated trading programs may be a thing of the past after a "Black Swan" event hit global markets this year. The carnage in […]
Billionaire feels ‘lucky’ he didn’t buy Steelers
Pittsburgh Tribune Review – On Oct. 5, philanthropist and hedge fund billionaire Stanley Druckenmiller sat in his New York den, watching the Steelers play in Jacksonville. Two weeks before, he yanked an offer worth more than $800 million to buy […]
Get Over The Hedge
Forbes – Hedge funds are to the modern stock market as sun spots were to electronics in the 1960s: a convenient scapegoat when things go wrong without an evident cause. But they probably aren’t to blame for last week’s poor […]