Author Archives: the HedgeCo News Team
Cox Gives Support for Merger of SEC, CFTC
New York (HedgeCo.Net) – SEC Chairman Christopher Cox said he was all for a merger between the Commodity Futures Trading Commission and the Securities and Exchange Commission. Hopping on board with U.S. Treasury Secretary Henry Paulson, this was the first […]
Iraqi Funds: “Business as Usual”
West Palm Beach (HedgeCo.net) – Iraq and the Babylon Fund sailed fairly unscathed through the panicky financial markets in September, according to CEO Robert Torkelund. “Our strategy to focus on sticky money instead of any cheap hot money flow, has […]
Russian hedge funds face closure
Reuters – Up to half of Russian hedge funds could go out of business as the financial crisis sends investors fleeing and the stock market continues to fall, according to industry experts. Speaking at the Russia Alternative Investment Summit on […]
Investor Confidence Index Declines in October
West Palm Beach (HedgeCo.net) – State Street Global Markets, the investment research and trading arm of State Street Corporation, released the results of the State Street Investor Confidence Index for October 2008. Confidence among North American investors fell particularly sharply […]
Former Columbia Professor Starts Asia Fund of Value Hedge Funds
Bloomberg – Van Biema Value Partners LLC, led by a former Columbia Business School professor, started a new fund to invest in Asian hedge funds while plunging markets and client withdrawals force rivals to scale back investments. The Cayman Islands-domiciled […]
Credit Crunch Rocks Bain, as Funds Fall Up to 50%
Wall Street Journal – Some high-profile Bain Capital credit-investment funds are choking on losses of as much as 50%, said people familiar with the matter, the latest revelation in a day of shake-ups across the hedge-fund business. The private-equity firm’s […]
Emerging Markets-Fall as funds flee, Hungary ups rates
Reuters – Emerging stocks and bonds slid in a panic sell-off on Wednesday as hedge funds dashed to unwind positions, but Hungary’s central bank tried to throttle a slide in its currency with a three-percentage point rate rise. The banking […]
EU’s enthusiasm for new global financial order
People – Bowing to Europe’s enthusiasm fora new global financial order, U.S. President George W. Bush has agreed recently to host a world summit on reforms of the international financial system. After a weekend meeting at Camp David some 100 […]
Man Group Rises as Flagship AHL Fund Posts Fourth Weekly Gain
Bloomberg – Man Group Plc, the largest publicly traded hedge-fund manager, rose in London trading after its biggest pool reported gains for a fourth consecutive week. “It increases the probability that they will be earning performance fees on the fund,” said […]
Judge Says No More Lawsuits Against Petters
New York (HedgeCo.Net) – Former hedge fund manager turned ponzi-schemer Tom Petters is being sued by so many parties that the Minneapolis federal judge actually had to call a “timeout” yesterday. Judge Ann Montgomery called the cease-fire after court-appointed receiver […]
Obama brushes aside GOP criticism of his tax plans
Bloomington Pantagraph – Democrat Barack Obama on Wednesday brushed aside Republican charges that his tax plan amounts to socialism, but acknowledged it involves “spreading around opportunity’’ so that wealthier Americans — like himself — pay a little more to help […]
Heyday of hedge funds is over, Citadel’s Ken Griffin predicts
Chicago Tribune – "The key change in the next decade is that policymakers around the world have chosen the winners and losers," Griffin said at a Wednesday panel. "The winners are the banking system." By selecting commercial banks to become […]