Monthly Archives: May 2008
Over $200 bln to flow into hedge funds in ’08
Reuters – Investors may pile more than $200 billion into hedge funds this year, with strategies focused on Asia excluding Japan in greater demand despite concerns about the global economy and waning risk appetite, Deutsche Bank said. The bank’s annual […]
Baring Private Equity Asia closes fourth fund on $1.5bn
AltAssets – Baring Private Equity Asia has closed its fourth fund, Baring Asia Private Equity Fund IV, on $1.515bn, exceeding its original target of $1bn. Fund IV will continue the firm’s strategy of investing in businesses in Asia with enterprise […]
Millennium Multi-Strategy Fund reaches three-year anniversary in positive territory for 2008
HedgeWeek – The Millennium Multi-Strategy Fund, a fund of hedge funds managed by London-based alternative investment manager and currency overlay specialist Millennium Global Investments, is keeping in positive territory for 2008 as the fund marks its third anniversary. Following a […]
Ex-UBS employee charged over US tax fraud
Financial Times – Two bankers, including a former employee of UBS, the world’s leading wealth manager, have been charged by US authorities with helping a American billionaire evade income taxes on about $200m of assets deposited in Swiss and Liechtenstein […]
Former Shooter Employees Seek $200 Million for Currency Fund
Bloomberg – Four former employees of Shooter Fund Management LLP, the London investment manager that lost 40 percent last year, are starting their own firm to trade currencies. Dacharan Capital LLP is looking to raise as much as $200 million, […]
JPMorgan may face SEC civil charges
JPMorgan Chase & Co said on Monday that it received a notice from federal regulators indicating that one of its units may face an enforcement action related to "the bidding of various financial instruments associated with municipal securities." Last month, […]
Activist Hedge Fund Braces For Rematch With Seligman
CNNMoney.com – J. & W. Seligman & Co. began courting possible suitors earlier this year, but any deals that emerge from the talks will face hurdles imposed by at least one activist hedge fund. The firm, which manages roughly $20 […]
Manna from hedge fund for Christian site
The Guardian – A new website run from Plano, Texas, has proved that the Old Testament promise of manna from Heaven has relevance in the digital age. GodTube, an evangelical twist on YouTube, its secular video-sharing equivalent, has generated so […]
Japan Gives TCI Final Order to Drop J-Power Bid
Bloomberg – Japan issued a final order to Children’s Investment Fund Management (UK) LLP to drop a bid to double its stake in J-Power, rejecting a last-ditch appeal from the U.K. hedge fund. Japan’s central bank today handed a letter […]
Former hedge fund manager settles with U.S. SEC
Reuters – A former hedge fund manager, who pleaded guilty to criminal insider trading charges stemming from Citizens Financial Group Inc’s $10.5 billion acquisition of Charter One Financial Inc has settled his civil case with the U.S. Securities and Exchange […]
Is Harvard Just a Tax-Free Hedge Fund?
National Review Online – According to the Wall Street Journal, Massachusetts legislators are studying a plan to levy a 2.5-percent annual tax on the portion of college endowments that exceed $1 billion. The high-wage union workforce with lifetime employment contracts […]
Mirabaud forecasts increased foreign investment in gulf hedge funds
Albawaba.com – Gilles Rollet, Chief Executive Officer of Mirabaud (Middle East) Limited, forecasted increased foreign investment being made in regionally based structured products and funds in the near future. The outlook came as part of a speech made at this […]