Author Archives: the HedgeCo News Team
Seven hedge funds bet millions on Irish banks falling
Irish Times – Seven international hedge funds have bet hundreds of millions of euro that Irish bank stocks will continue to fall. Although it is normal stock market practice, since last Friday short-selling of the four Irish publicly quoted banks […]
RLPC-Leveraged loans sag as hedge funds sell-traders
Reuters – Leveraged loan prices fell on Wednesday as hedge funds facing redemptions and forced to cover short equity positions sold loans, traders told Reuters Loan Pricing Corp. Leveraged loans have declined over the past week amid a rout in […]
Nomura grabs Lehman Asia unit
Reuters Tokyo – Japan’s Nomura Holdings is to buy the Asian operations of Lehman Brothers, a source with direct knowledge of the deal said on Monday, outbidding other banks seeking to scoop up the bankrupt U.S. bank’s Asian assets. The […]
PM turns attention to world poverty
Independant – Gordon Brown will hail a new £1.5 billion drive to eradicate deaths from malaria in the developing world by 2015 at an emergency United Nations summit on world poverty and disease. The initiative, to develop a vaccine and […]
Credit Derivatives Market Shrinks 12% as Dealers Reduce Trades
Bloomberg – Credit-default swap dealers reduced the volume of outstanding contracts for the first time amid efforts to reduce risks in a market used to hedge against bond losses and speculate on corporate creditworthiness. The volume of outstanding trades fell […]
SEC advances pair of hedge fund cases
Forbes – A federal judge in Florida ruled Wednesday that the head of two hedge funds deceived investors about the funds’ holdings. Elsewhere, federal regulators accused a California investment adviser of making tainted recommendations to clients. In the Florida case, […]
Bracewell & Giuliani LLP Announce Legislation Task Force
West Palm Beach (HedgeCo.net) – Bracewell & Giuliani LLP today announced that it has formed a multi-disciplinary Task Force to guide financial institutions, private investment funds, institutional investors and other market participants through the legislative, regulatory and enforcement challenges posed […]
Hedge funds move $100bn into safe havens
Financial Times – Hedge funds charging hefty fees for sophisticated trading strategies aimed at outperforming the wider market have collectively parked $100bn in simple money market funds typically used by investors seeking safe rather than spectacular returns. Citigroup estimates that […]
US hedge fund Paulson bets big against UK banks
Reuters – John Paulson, a U.S. hedge fund manager who gained a superstar reputation with a big bet against the U.S. housing market, was shown holding a 1 billion pound ($1.9 billion) bet against UK banks as short sellers were […]
Bernanke, Paulson Pushing $700 Billion Rescue Plan
New York (HedgeCo.Net) – Federal Reserve Chairman Ben Bernanke joined Treasury Secretary Henry Paulson yesterday in an attempt to sway lawmakers to pass a $700 billion rescue plan that would purchase illiquid mortgage-backed assets in an attempt to restore the […]
Topless photo lawsuit against Diddy gets tossed
New York Daily News – A hedge-fund hottie who sued Vibe and Diddy after the mag published a topless picture of her at the music mogul’s Hamptons blowout has had her case tossed out. Maria Dominguez, a money manager for […]
Withered hedge funds set for severe autumn pruning
Times Online – Who would be in hedge funds right now? Man Group, which has long traded on its name as the world’s largest hedge fund manager, yesterday found the tag something of a liability. The shares lost 35½p to […]