Tag Archives: reuters
Former Merrill execs invested in Madoff funds
Reuters – Top former Merrill Lynch executives, including two former CEOs, invested in hedge funds that lost money with alleged fraudster Bernard Madoff, becoming the highest-level Wall Street victims of the scandal to date, the Wall Street Journal reported on […]
GM warns it may be forced into bankruptcy
Reuters – General Motors Corp on Thursday said its auditors had raised "substantial doubt" about its ability to survive outside bankruptcy if it fails to stem its losses and stop burning cash. The "going concern" warning from the struggling U.S. […]
MAG Capital and owner settle U.S. SEC charges
Reuters – Investment adviser MAG Capital and its owner settled U.S. regulators’ claims that it took warrants from three hedge funds it advised without compensating them, the U.S. Securities and Exchange Commission said on Tuesday. The Los Angeles-based investment adviser […]
TPG interested in Aleris DIP financing
Reuters – U.S. private equity firm TPG has expressed interest in providing debtor-in-possession (DIP) financing for Aleris International Inc, a company it bought in 2006, a source familiar with the situation told Reuters. The private equity firm wasn’t able to […]
Major pension scheme sticks by hedge fund move
Reuters – The nation’s second-largest pension fund, the Universities Superannuation Scheme (USS), said it was sticking by a medium-term plan to double exposure to alternative assets such as hedge funds and private equity. The 23 billion pound pension scheme confirmed […]
Major pension scheme sticks by hedge fund move
Reuters UK – The nation’s second-largest pension fund, the Universities Superannuation Scheme (USS), said it was sticking by a medium-term plan to double exposure to alternative assets such as hedge funds and private equity. The 23 billion pound pension scheme […]
Liongate Seeks $500 Million for Commodity Fund of Hedge Funds
Bloomberg – Liongate Capital Management LLP, a London-based firm managing $2.2 billion, plans to raise $500 million for a fund of commodity hedge funds. The Liongate Commodities Fund returned about 0.1 percent last year and 0.3 percent in January, when […]
Hedge fund head says times right for global macro
Reuters – In a period when volatile markets battered most hedge funds, global macro funds are proving their worth, Graham Capital Chairman Kenneth Tropin told Reuters. During one of the hedge fund industry’s worst years, Graham delivered gains of up […]
Hedge fund founder used phony firm, returns: authorities
Reuters – A hedge fund manager overstated values by hundreds of millions of dollars, set up a phony accounting firm and showed uniformly positive returns for nine years to defraud investors, U.S. authorities said on Wednesday. James Nicholson, 42, founder […]
PE fund sales get their own market
Reuters Blogs – It seems that private equity fund sales are heating up so much they need their own market. SecondMarket said today it is opening trading in limited partnership interests in private equity funds, venture capital funds, hedge funds and fund […]
