Tag Archives: reuters
Riding a green tide: Matthew Goldstein
Reuters – PetroAlgae is one of those many clean-tech companies that seem to burn through cash faster than a Hummer goes through a gallon of gas. Yet something curious is going on with shares of this Melbourne, Florida-based company, which […]
HSBC’s Maldonado blends science with art
Reuters – HSBC’s Bill Maldonado is a man who loves to mix science with art — be that in running the Halbis hedge fund business, riding his high-powered Ducati motorbike on a race track or piloting a light aircraft. An […]
New funding sought for U.S. “clunker” program
Reuters – The U.S. government’s $1 billion "cash for clunkers" auto sales incentive program reached its funding limit unexpectedly after an avalanche of business exhausted its funds, an Obama administration official said late Thursday. Auto dealers began offering government-backed rebates […]
HSBC fund avoids directional bets in choppy markets
Reuters UK – HSBC Halbis fund manager Jim Dunsford is favouring trades exploiting price discrepancies, rather than big bets on market movements, because he believes markets are still in unknown territory. Dunsford manages the 100 million euro (85 million pound) […]
RAB says clients returning to some hedge funds
Reuters UK – Hedge fund firm RAB Capital said on Wednesday that clients had started putting money back into some of its funds helped by a recent upturn in performance, adding to signs the industry may be recovering. The firm, […]
More European hedge funds to launch
Reuters – Fundraising by new European hedge funds may be picking up, according to an industry survey, after hitting a record low in a first half of the year overshadowed by the Madoff scandal. The survey, released on Monday by […]
Lansdowne halts investments in fund
Reuters UK – Lansdowne Partners, one of the country’s largest hedge fund managers, has stopped accepting investments in its flagship fund with several other big funds set to follow suit, according to the Financial Times. It said the 4.9 million […]
Hedge fund GLG looks to seed UK-listed oil producer
Reuters – GLG Partners, among the world’s largest hedge-fund managers, is launching an oil production company that will be listed on the London Stock Exchange this fall, people familiar with the plans said on Monday. GLG, based in London but […]
Kuwait financier facing U.S. fraud suit found dead
Reuters – A brash Kuwaiti financier facing a fraud suit by U.S. authorities was found dead Sunday in an apparent suicide that sent shockwaves through the Gulf Arab financial sector. A security source told Reuters that Hazem Al-Braikan appeared to […]
Neptune buys Man Group, sees M&A among fund firms
Reuters – Equity investors are too negative about the hedge fund industry, says Neptune’s Jeremy Smith, who has recently bought shares in Man Group and expects more consolidation among traditional fund firms. Smith, who manages the 42 million-pound Neptune UK […]
World stocks push up to 9-month highs
Reuters – World stocks pushed up to 9-month highs on Friday, cutting demand for government bonds as euro zone manufacturing and services reports beat expectations, fuelling optimism about economic recovery. The euro hit a session high against the dollar and […]
CIT may sell aviation-finance, rail-finance ops: report
Reuters – CIT Group Inc (CIT.N), which is looking at selling off some assets, is most likely to sell its aviation-finance and rail-finance operations, the Wall Street Journal said, citing sources familiar with the matter. The people, who said evaluations […]
