Monthly Archives: May 2008
Investors stand by 130/30 funds
Financial News – The credit crisis has taken its toll on the performance of 130/30 funds—which have 130% exposure to long positions and 30% to shorts—but so far investors appear to be giving them the benefit of the doubt. Most […]
Bear Stearns sale to JPMorgan Chase set for vote May 29
Forbes.com – Bear Stearns Cos. shareholders are scheduled to vote on the proposed acquisition of the investment bank by JPMorgan Chase & Co. on May 29, according to a regulatory filing. If the vote on the sale fails, Bear Stearns […]
Cantor expands in Singapore, targets hedge funds
Reuters – U.S. broker Cantor Fitzgerald & Co is expanding its Asian equities and derivatives business to Singapore, targeting sales to institutional clients such as hedge funds, an executive said on Thursday. "We chose Singapore due to the fact that […]
GLG hedge fund braced for $5bn exodus
Times Online – GLG Partners, the London-based hedge fund reeling from the departure of Greg Coffey, is bracing itself for a mass exodus of as much as $5 billion in investment assets as disillusioned investors follow their star Australian fund […]
Merrill’s Ehsani to Leave as Thain Cancels Hedge Fund
Bloomberg – Boris Ehsani, head of one of Merrill Lynch & Co.’s most profitable trading groups, is leaving the U.S. securities firm after it canceled a plan to spin off his unit as an independent hedge fund, people familiar with […]
Oxford Capital launches fifth venture capital fund
AltAssets – Oxford-based venture capital firm Oxford Capital has launched its fifth Oxford Gateway Enterprise Investment Scheme Fund. The firm expects that it will be open to new investors for about a year. It aims to raise between £15m and […]
Investors expect hedge funds to raise $200bn this year
Financial News Online – Investors anticipate a record-beating net inflow of $200bn (€130m) into hedge funds in 2008 despite the fact that fundraising in the first three months was at one of its lowest levels for years. Investors with $4.5 […]
Bear Stearns’ $1.2 billion macro hedge fund sees bounce
Reuters – Investment bank Bear Stearns & Co may have hit rough times but at least one of its hedge funds, the $1.2 billion Emerging Markets Macro Fund, is bouncing back from earlier losses this year. The fund, managed by […]
Paulson predicts brighter future – opposes dems suggestions
West Palm Beach (HedgeCo.Net) – “The worst is likely to be behind us.” Those were the words that Treasury Secretary Henry Paulson used to describe the current state of the economy after emerging from one of the most damaging credit […]
Paul Capital closes ninth secondaries fund on $1.65bn
AltAssets – Paul Capital has closed its ninth private equity secondaries fund, Paul Capital Partners IX, on $1.65bn, above its original hard cap of $1.5bn. Half of the investors in the fund comprise pension plans, with the remaining 50 per […]
Hedge funds to put down roots in Middle East
Financial Times – The Gulf stock market crashes of 2005 and 2006 tore the shirts off many investors who had come to believe that the great bull-run could not end. But it did: most markets, including the largest in Saudi […]
US hedge funds press for right to advertise
The Guardian – When it comes to investing, hedge funds can do almost anything. They just can’t talk about it. In return for the right to rely on trading techniques that are largely off limits at mutual funds, hedge […]