Tag Archives: losses
Tantallon Closes Its Smaller Companies Hedge Fund
Bloomberg – Tantallon Capital, founded by Merrill Lynch & Co. former head of sales Nicholas Harbinson, closed one of its hedge funds after bad bets on Asian stocks, three people familiar with the matter said. The Singapore-based firm shut its […]
A Gloomy Picture for Hedge Funds
New York Times – Hedge funds’ annus horribilis is getting worse. The average fund, after losing nearly 5 percent in the first eight months of the year, was down an additional 7 percent in September, according to Hedge Fund Research. […]
Marcial: How Four Pros Played the Stock Meltdown
BusinessWeek – What did investors do when the Dow Jones industrial average plunged 777.68 points, or 7%, on Sept. 29, to 10,365.45? Head for the nearest bar for a double? Or rush to double up, or down, on their stocks? […]
Morgan Stanley may scale back prime-brokerage ops-NY Post
Trading Markets – Morgan Stanley is looking at scaling back its prime-brokerage operation, selling assets or buying a faltering regional bank, the New York Post said citing sources. The firm may also try to work out a way to piggyback […]
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 […]
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 […]
Opening The Fed Lending Window To Hedge Funds
24/7 Wall St. – The idea of bailing out hedge funds or helping them in any way runs counter to the best instincts of most citizens, regulators, and law makers. The wealthy do not need a Good Samaritan. Allowing hedge […]
Two equity firms buy Lehman’s money management unit
International Herald Tribune – Lehman Brothers said Monday that it would sell for $2.15 billion much of its money management business, including its prized Neuberger Berman asset management unit, to Bain Capital and Hellman & Friedman. The sale of the business, […]
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 […]
Central banks may expand range of collateral
Washington Post – Central banks in the United States, Europe and Japan will consider taking foreign-denominated assets as collateral in an effort to provide liquidity for battered financial markets, the Nikkei newspaper said on Sunday. Currently most central banks only […]
Geneva private bank tops fund of hedge funds table
Wealth Bulletin – Geneva-based Union Bancaire Privée emerged as the largest fund of hedge funds provider, replacing UBS Global Asset Management at the top, with $56.8bn, according to the InvestHedge Billion Dollar Club. Funds of hedge funds showed the first […]
Hedge funds suffer further pain
Reuters UK – The bankruptcy filing of Lehman Brothers is another blow for the hedge fund industry, but at least the damage is limited from here for funds exposed the U.S. investment bank. Even legendary fund manager George Soros, who […]
