Tag Archives: investment-arm
BBA to beef up supervision of its Libor rates
Reuters- The group in charge of setting Libor interest rates said on Friday it will strengthen oversight of the global interbank lending benchmark, months after it became seriously distorted by the credit crisis. The British Bankers Association said on its […]
Steel Partners wins landmark Japanese board ouster
Reuters- U.S. hedge fund Steel Partners helped oust the president and most of the board of Japanese wig maker Aderans Holdings on Thursday, the first time management of a Japanese firm has been ejected under pressure from an activist fund. […]
Conseco rejects hedge fund proposal
Reuters – Conseco Inc on Thursday rejected hedge fund Steel Partners’ request to raise its shareholding in the insurance company to as much as 22 percent, saying the proposal could reduce its "financial flexibility." Conseco told Steel Partners in a […]
Triple A to seed new S.Korea focused hedge fund
Reuters – Boutique alternative fund firm Triple A Partners said on Friday it was backing a new South Korea-focused hedge fund which it expects to launch on Sept. 1 with around $40 million in assets. Triple A, also known as […]
Activist hedge funds win first victory in France
Reuters- Activist hedge funds have struck their first victory in France, building on successes in Britain and the Netherlands, where their aggressive tactics have forced several companies to bend to their will. Centaurus Capital and Pardus Capital Management got their […]
Man Group year profit surges 60%
Reuters- Man Group, the world’s biggest listed hedge fund company, posted a 60 percent rise in annual profit on Thursday, riding turbulent financial markets to show strong growth in funds under management which fuelled record management fees. Chief Executive Peter […]
HSBC funds arms to rebrand
Reuters- More merger and acquisition activity among fund firms is likely as the industry faces up to a tough 2008, said Mark McCombe, head of HSBC’s asset management arm, which is to rebrand next month. McCombe, chief executive of what […]
Road to hedge fund riches is rockier now
Reuters) – Starting a hedge fund was long considered the road to riches for money managers, but the path has become much rockier in the last months. "It is materially harder to start a hedge fund today than it was […]
SEC to probe Bear Stearns trading data
Reuters- Bear Stearns Cos plans to turn over documents to securities regulators showing that financial giants like Goldman Sachs Group, Citadel Investment Group and Paulson & Co cut their exposure to the securities firm before its collapse, the Wall Street […]
Edeus launches mortgage quality assessment service
Reuters UK- Mortgage market specialist edeus is launching a service that it says will allow investors and bankers to assess the quality of pools of mortgages behind asset-backed securities based on up-to-date information. Edeus says its service differs from traditional […]