Tag Archives: investment-firm
Morgan Stanley’s Mack Says Some Hedge Funds May Fail
Bloomberg – Morgan Stanley Chief Executive Officer John Mack said tumbling markets may drive some hedge funds out of business, prompting his firm to “resize.” “Friends in that community say that by year-end, you’ll see the number of firms in the […]
Tyser, Horseman Show Investors Not All Hedge Funds Are Losers
Bloomberg – Harry Tyser, manager of the $100 million New Star Firefly Hedge Fund in London, was still trading while being wheeled into the operating room for kidney- stone surgery. “It’s life and death out there right now,” said Tyser, […]
Salida Capital Freezes Three Funds That Used Lehman as Broker
Bloomberg – Salida Capital Corp., a Toronto-based hedge-fund manager with assets of about C$900 million ($834 million), halted redemptions on three of its funds after the bankruptcy of Lehman Brothers Holdings Inc. Lehman acted as prime broker for Salida’s C$157 […]
Wolver Hill Japan Hedge Fund Resists Slumping Topix
Bloomberg – Wolver Hill Japan Multi-Strategy Fund, run by Deutsche Bank AG’s former prime brokerage sales chief in Tokyo, resisted the worst month for the nation’s stocks in almost 15 years to be little changed in September. The $11 million […]
Citadel Hires Three From Lehman’s Europe Mortgage Bond Trading
Bloomberg.com: UK & Ireland – Citadel Investment Group LLC, the $19 billion hedge-fund firm run by Kenneth Griffin, hired three senior executives from Lehman Brothers Holdings Inc. to boost its fixed-income team. Timothy Bryan Wilkinson, former head of fixed income […]
Lehman’s Hedge-Fund Clients Left in Cold as Assets Are Frozen
Bloomberg Europe – Lehman Brothers Holdings Inc.’s bankruptcy probably means the end of hedge-fund manager Oak Group Inc. after 22 years in business. John James, who runs the Chicago-based firm with $25 million of assets, didn’t buy Lehman stock or […]
Fund Managers Rattled as Rescue Plan’s Rejection Shakes Markets
Bloomberg.com: UK & Ireland – “I’ve never lived through something like that,” Stephen Jarislowsky, the 83-year-old chairman and founder of Montreal-based money manager Jarislowsky Fraser Ltd., said yesterday about the past month on Wall Street. “I don’t even think the […]
Icahn Biotech Stakes Rise on Drugmaker Demand as Markets Gyrate
Bloomberg – Carl Icahn, the investor angling to sell a 13 percent stake in Imclone Systems Inc. for more than $800 million, is piling up bets in the biotechnology industry. Icahn and hedge funds he manages have accumulated stakes in […]
Lehman Brothers Faces Objections to Barclays Sale
Bloomberg – Lehman Brothers Holdings Inc., the U.S. investment bank holding company that filed the largest bankruptcy in history, faces objections to a proposed $1.75 billion sale of its broker-dealer unit to Barclays Plc. Hedge fund Harbinger Capital Partners asked […]
RAB Tries to Halt Redemptions as Hedge Fund Drops 48%
Bloomberg – RAB Capital Plc is trying to freeze client redemptions for three years to avoid liquidation of its flagship hedge fund, which lost almost half its value this year. RAB fell as much as 14 percent in London trading […]
Nippon Life Targets Hedge Funds, Considers Distressed Assets – Bloomberg
Bloomberg.com: Asia – Nippon Life Insurance Co., Japan’s biggest life insurer, said it will boost hedge fund investments and may target distressed assets to take advantage of volatility caused by the collapse of the U.S. subprime mortgage market. Nippon Life, […]
Merrill Pushing Bad Debt for Petty Prices
New York (HedgeCo.Net) – Merrill Lynch is still hoping to strike a deal in which Korea Asset Management Corp. would purchase a significant amount of their bad debt. Talks have been stagnant because of recent disputes over prices, but some […]
