Tag Archives: first-avenue
Falling Prices Lift Investors’ Cautious Mood
istockAnalyst.com- Investors face something of a new landscape in financial markets this week after tumbling oil and food prices eased immediate concerns about inflation, potentially freeing central banks to fight slow economic growth. The focus, however, will also be on […]
Failed Sowood hedge fund manager raising new money
Reuters- One year after Jeffrey Larson lost about $1.5 billion in one of the hedge fund industry’s most spectacular collapses, he is trying to raise fresh capital for a new fund, people familiar with his plans said. "Larson is back […]
Hedge fund guru calls bottom of market. Well, sort of…
CityWire.co.uk- Punch-drunk investors have – perhaps a little predictably – interpreted the news as Paulson preparing to call the bottom of the market. And it is certainly an interesting development from the man widely considered to be the ‘greatest’ financial speculator since […]
American firms covet TransAlta
TheChronicleHerald.ca- Two U.S. private equity firms are offering about $7.8 billion — or $39 a share in cash — for Alberta-based utility TransAlta Corp., which had been under pressure by a major investor to boost its stock price. LS Power […]
Assured Guaranty Says Profit Will Surge on Derivatives Gains
Bloomberg- Assured Guaranty Ltd., which owns one of two bond insurers to have retained Aaa credit ratings, said its second-quarter profit would surge by more than 14 times because of gains in credit derivatives. The company, whose second-biggest shareholder is […]
Hedge Fund Report; Bear Buyout Could Cost Taxpayers
New York Post- Taxpayers are all but certain to take a hit on the securities the Federal Reserve accepted as part of JPMorgan Chase’s takeover of Bear Stearns, according to a report by a hedge fund that is an investor […]
Tanking Banks’ Debt Sought By $1B Fund
New York Post- Hedge fund Highbridge Capital Management is trying to raise $1 billion from wealthy investors for a fund focused on buying bank assets hammered by the credit crisis. According to one investor who was considering committing funds, the […]
Investor accuses hedge fund of siphoning off money
Hartford Courant- An investor has sued a Greenwich hedge fund management firm, accusing its operators of siphoning off money and enriching themselves at the expense of investors. Westerly Capital sued Windmill Management LLC, manager of SageCrest hedge fund, and operators […]
Former Brahman Capital Execs to Form Hedge Fund
Black Enterprise- A team of young managers formerly with hedge fund Brahman Capital is preparing to launch a fund in August to focus on Western European turnaround situations, the firm’s founder said. Cara Goldenberg, a 27-year-old former star investor and […]
Hedge fund arrests send chill through industry
Reuters – Pictures of hedge fund managers in handcuffs being led away to face fraud charges on Thursday have sent a chilling message to the $2 trillion (1 trillion pound) industry. The warning was clear: mind what you say in […]
Citigroup to close Pandit founded hedge fund
Times Online- Citigroup is to close an $800 million hedge fund co-founded by its chief executive Vikram Pandit, following bad returns and the loss of top managers. The US investment bank will now buy what is left of Old Lane […]
Hedge Funds May Be Forced to Sell Bonds, Debt Assets, ECB Says
Bloomberg- Hedge funds may be forced to sell bonds and asset-backed debt amid tighter lending standards and poor returns, the European Central Bank said in its six-monthly Financial Stability Review. Volatile financial markets, investor redemptions and difficulties meeting margin calls […]
