Tag Archives: reuters
Duff Capital Advisors shrinks, stays in business
Reuters – Hedge fund firm Duff Capital Advisors, launched last year to help pension funds, endowments and insurers meet long-term funding obligations, laid off most of its staff, a person familiar with the matter said on Thursday. The company remains […]
Government may inject billions into Northern Rock
Reuters – The government is considering injecting as much as 10 billion pounds into Northern Rock to use the nationalised bank to ramp up mortgage lending, the Daily Telegraph reported. The Treasury has yet to make a final decision on […]
Suspected NYSE insider trading rose in 2008
Reuters – Suspected insider trading cases reached an all-time high last year, driven less by hedge funds and more by pillow talk between relatives and friends, the head of surveillance at the New York Stock Exchange said on Wednesday. In […]
Wealthy wary of putting new money in hedge funds
Reuters – Millionaires who long put money with hedge funds are now skittish about adding fresh cash after these loosely regulated portfolios posted record losses last year, a top industry executive said on Thursday. "We have probably seen the worst […]
RPT-EXCLUSIVE-Hedge fund firm Magnetar cuts London jobs
Reuters – Multibillion dollar hedge fund firm Magnetar Capital has shut its London risk arbitrage desk and cut seven jobs, the firm told Reuters on Monday, as the industry goes through its biggest crisis. A spokesman said four traders and […]
G30 says broken financial system badly needs repair
Reuters – The G30, a group of high-profile economists and policy-makers, on Thursday called for changes in international financial regulation to help avoid future meltdowns, but its recommendations were vague and non-binding. In findings that made no reference to the […]
ACF, Bank of America Sue Hedge Fund Steel Partners
CNNMoney.com – ACF Industries and Bank of America Corp. (BAC) are suing hedge fund Steel Partners, accusing the fund of fraud by failing to tell investors of plans to go public, Reuters reported Wednesday. Reuters says ACF, which court documents […]
Asia hedge funds face another rough ride in 2009
Reuters – Asia-focused funds suffered their worst ever year in 2008, underperforming their peers in the West, as markets cratered and investors demanded their money back. This year will be marked by consolidation around more established players and a more […]
Blackstone’s GSO hedge fund shuts Asia desk
Reuters – GSO Capital Partners LP, Blackstone Group’s $25 billion credit hedge fund, is closing its Asia investment desk after failing to find attractive investments in the region, sources familiar with the matter said on Tuesday. The four-member team, led […]
Hedge funds suffer losses but beat markets
Reuters UK – Hedge funds suffered their worst full-year loss ever in 2008 but their decline was still less steep than the 38 percent drop for the average stock mutual fund, data released on Thursday showed. The average hedge fund […]
