Monthly Archives: May 2008
Mideast funds face call for greater transparency
The Telegraph – The British Venture Capital Association (BVCA) is to send a senior delegation to the Gulf state of Qatar this month to ask Middle Eastern sovereign wealth funds to sign up to Sir David Walker’s code on private […]
UBS Faces U.S. Tax Evasion Probe; Employee Detained
Bloomberg – UBS AG, reeling from record losses, said the U.S. Department of Justice is investigating whether the world’s biggest money manager for the wealthy helped clients evade American taxes. One senior bank employee was “briefly detained” by U.S. authorities […]
SEC freezes hedge fund assets, seeks injuctions
West Palm Beach (HedgeCo.Net) – A group of California hedge funds is being investigated by the Securities and Exchange Commission after suspicions of illegal practices. The “Premium Returns Funds,” which have been operating since May 2004, were supposedly using a […]
SEC Commissioner Atkins to step down when term ends
Financial News – The Securities and Exchange Commission, reduced to three Republican commissioners, is losing one of them. SEC Commissioner Paul Atkins announced yesterday that he intends to step down after his term ends in June and his successor takes […]
Charming Shoppes Inc. vs. the hedge funds – The battle continues
West Palm Beach (HedgeCo.Net) – Things are heating up in the battle between Charming Shoppes Inc. and the two hedge funds that are trying to elect their management to the company’s board. Only 2 days before the board is set […]
Conditions ripe for hedge fund seed investors
Reuters – Investors able to provide seed capital for hedge funds are set to enjoy the most favorable conditions in years due to an abundance of talented start-ups and a lack of competing capital. At a time when volatile markets, […]
Dubai International Capital promises Liverpool fans a place on Anfield board
Times Online – Dubai International Capital (DIC) would want to appoint a Liverpool supporter to the club’s board of directors if it won control at Anfield, The Times has learnt. DIC, the private equity investment arm of the Dubai Government, […]
BlackRock in $15bn debt deal with UBS
Financial Times – BlackRock, the US asset manager, will pay UBS $15bn for a portfolio of subprime mortgage debt in a deal that the Swiss bank plans to announce today with its first-quarter results, people familiar with the transaction said. […]
Kansas hedge fund files slander lawsuit
Fort Mill Times – A local hedge fund has responded with a lawsuit of its own after being sued more than a year ago by a group of California hedge funds. Jayhawk Capital Management and its principal owner, Kent C. […]
Penso Capital launches Global Crisis Strategy to target opportunities in volatile markets
HedgeWeek – Alternative investment and advisory boutique Penso Capital Markets has launched its third asset management strategy, the Global Crisis Strategy, designed to capitalise on opportunities in the equity, fixed income, commodity and foreign exchange markets. Penso says its expertise […]
Citigroup throws in the towel on Old Lane hedge fund
West Palm Beach (HedgeCo.Net) – Only one year after Citigroup shelled out $800 million for Old Lane Partners, investors are looking for a way out of the troubled hedge fund. The fund’s founder, Citigroup’s CEO Vikram Pandit, is now forced […]
Paulson’s Hedge Funds Slide
New York Post – John Paulson, the hedge-fund titan who earned superstar status after earning billions by correctly predicting the collapse of the mortgage market, slipped slightly in April betting Wall Street firms such as Bear Stearns would collapse and […]