Tag Archives: losses
Hedge fund Citadel hires two from Merrill Lynch
Reuters – Hedge fund firm Citadel Investment Group said on Tuesday it had hired two senior sales executives from Merrill Lynch, the investment bank that is being sold to Bank of America for $50 billion. Chicago-based Citadel, which manages around […]
Major hedge fund set to leave London for lower Swiss taxes
Evening Standard – Krom River, which has £453 million in assets, said it was moving to Switzerland, known for its low tax regime. The fund is one of the few to perform well in the credit crunch and would see […]
‘Goldfinger’ makes comeback with launch of $5bn hedge fund
Telegraph.co.uk – Mark McGoldrick, a former Goldman Sachs trader whose track record earned him the nickname ‘Goldfinger’ during his career with the Wall Street bank, is making a comeback with a new $5bn (£2.8bn) fund. McGoldrick, who famously earned $70m […]
RAB Capital Hedge Fund Chief to Step Down
New York (HedgeCo.Net) – Philip Richards, head of hedge fund RAB Capital, is stepping down and will be replaced with Finance Director Stephen Couttie, according to a statement made by the company yesterday. Richards ran the $1.4 billion Special Situations […]
Final Chicago Cubs bids likely in weeks
Reuters – Final bids for the Chicago Cubs will likely be due late September or early October, two sources said on Thursday, as owner Tribune Co seeks to sell the storied baseball team by the year end. The next stage […]
Abu Dhabi Commercial Bank files suit over losses of London-based SIV
Financial Times – Abu Dhabi Commercial Bank has filed a lawsuit against two US banks and two rating agencies over losses from a collapsed $6bn structured investment vehicle, formerly managed by London-based hedge fund Cheyne Capital. In the suit in […]
Temasek may invest more in Western banks
Reuters – Singapore sovereign wealth fund Temasek Holdings, which has pumped billions of dollars into ailing lenders such as Merrill Lynch, said it may invest more in Western banks if the opportunity arose. The fund also said its assets rose […]
MILTON BROS. FEEL HEAT ON FUNDS
New York Post – The heat is getting turned up under Alan and Philip Milton, the brother team that runs Greenwich-based Windmill Management and its embattled SageCrest hedge funds. A lawyer for an investor in the SageCrest II hedge fund […]
Investors, Markets Lift Assets 4% in 2Q Hedge Funds
On Wall Street – Assets held in hedge funds grew 4.41% during the second quarter, to $2.973 trillion, according to data released Monday. HedgeFund.net reported in its survey of hedge administrators that investors allocated $34.21 billion to hedge funds in […]
Ospraie hedge fund loses $1bn on misplaced commodities bets
Ospraie Management, the US hedge fund led by Dwight Anderson, has seen about $1bn (€678m) in value being wiped out of Ospraie Fund, its biggest, over the last 12 months amid misplaced bets on commodities, according to a report in […]
States Double Down on Hedge Funds as Returns Slide
Bloomberg – Public pension funds in the U.S. are increasing bets on high-risk hedge funds and real estate in an attempt to fill deficits in retirement plans and make up for their worst performance in six years. New York Comptroller […]
US hedge fund buys $US162m BHP stake
The Age – Third Point, the New York-based hedge fund run by Daniel Loeb, bought a stake in BHP Billiton worth $US162 million at the end of June, adding the world’s largest mining company to its portfolio. Third Point, known […]
