Monthly Archives: May 2008
US official says credit crunch easing
News Channel 8- A U.S. Treasury official said Monday the global credit crunch is gradually calming following efforts by the Federal Reserve and other central banks.Clay Lowery, assistant secretary for international affairs at the U.S. Treasury, said the Fed and […]
Germany in call for ban on oil speculation
Daily Telegraph- German leaders are to propose a worldwide ban on oil trading by speculators, blaming the latest spike in crude prices on manipulation by hedge funds. It is the most drastic proposal to date amid escalating calls from Europe, […]
CFS hedge funds terminated
Money Management- Ratings house Standard and Poor’s has withdrawn its ratings from six of Colonial First State’s (CFS’s) fund-of-hedge-fund strategies. The ratings house announced today that the decision had been reached following an internal strategic review by CFS, which had […]
BH Global raises $1 billion
Reuters- Hedge feeder fund BH Global said on Friday it has raised $1 billion (500 million pounds) from a placing with investors, double its initial target of $500 million, which will make it one of the UK’s biggest listed funds. […]
New York FoHF’s Join Forces to Launch Motion Picture Fund
West Palm Beach (HedgeCo.net)- New York based fund of hedge funds (FoHF) Ginepri Capital, and SAGA Capital, a New York alternative investments advisory firm, announced a newly formed venture, the SAGA/Ginepri Alpha Fund. "Film investors will increasingly employ new techniques […]
Brevan Howard’s BH Global raises $1 bln from London IPO vs target $500 mln
Thomson Financial- BH Global Ltd., the second fund of hedge funds feeder fund to be floated by Brevan Howard Asset Management LLP, said it has raised $1 billion from its initial public offering in London, twice the amount expected. Lord […]
False Asset Statments Lead to Conviction
West Palm Beach (HedgeCo.net)- Kirk Wright’s Atlanta-based hedge fund company, International Management Associates, was found to be fraudlent leading to the conviction of the manager, Wright, as the Department of Justice unsealed a March 10 criminal complaint against him. "The […]
Sovereign funds may have biggest impact on alternative assets
Reuters- Sovereign wealth funds, which control up to $3.7 trillion in assets and have been making headlines as they buy assets in the West, will ultimately have the biggest impact on private equity and hedge funds, analysts at JPMorgan Chase […]
Soros says rebound a bear-market rally
Reuters- Billionaire hedge fund manager George Soros said on Wednesday the current rebound in stock markets is only a bear market rally because monetary authorities are unlikely to be able to handle the credit crisis. Soros told a seminar at […]
Top hedge funds post historic year
Stamford Advocate- Despite a chaotic financial services sector, a new ranking shows money continued to pour into hedge funds at a historic rate last year. The top 100 firms managed a record $1.35 trillion in 2007, including about $148 billion […]
Hedge fund founder guilty in $150 mln fraud scheme
Reuters – A federal jury in Atlanta on Wednesday convicted former hedge fund manager Kirk Wright on charges of scamming investors, including former professional athletes, out of $150 million, the Justice Department said. Kirk was found guilty on charges of […]
April 2008, Global Hedge Fund Performance
West Palm Beach (HedgeCo.net)- Hedge funds started the second quarter of 2008 on a strong note as global stock markets recovered, according to Singapore-based hedge fund research company Eurekahedge. "The Fed’s aggressive response to the weakness across credit markets and […]