Monthly Archives: May 2008
Mitsubishi to buy into U.S. hedge fund
Reuters – Mitsubishi Corp, Japan’s largest trading house, is to buy a stake in U.S. hedge fund manager Aladdin Capital Holdings LLC and set up a joint investment fund, the Nikkei financial daily said on Monday. Mitsubishi will pay $40 […]
Hedge Funds call bottom on Britain
Times Online- Hedge Funds are beginning to bet that shares in Britain’s biggest banks have hit rock bottom, in spite of mounting speculation about further multi-billion-pound rights issues and fresh concerns about the mortgage market. Traders have begun to scale […]
Pandit’s hedge fund to be restructured
Reuters- Citigroup Inc said it is looking at restructuring Old Lane, a hedge fund co-founded by Vikram Pandit, the bank’s chief executive. Nearly all investors unaffiliated with the fund have requested to redeem their money from the fund, Citi said […]
Algo gone wild adds up to trouble for hedge funds
Globe and Mail – In the hedge fund world, James Dinan is a big wheel, earning an estimated $470-million (U.S.) last year as the head honcho at $14-billion York Capital Management. In the space of 60 seconds late Wednesday, Mr. […]
Hedge funds transparency plan unveiled
Baltimore Sun- With an eye toward shoring up shaky financial markets, Treasury Department officials unveiled a plan yesterday to provide greater transparency and management of risk in hedge funds. However, the Bush administration’s "best practices" proposal is voluntary, and fewer […]
Basso Sings The Blues As Hedge Funds Lose
FINalternatives- Stamford, Conn.-based Basso Capital Management said Thursday that almost all of its hedge funds finished the first quarter in the red. The firm, which manages $2.57 billion, told investors that its Credit Opportunities Fund is down 14% this year […]
Tuono Launches Alpha Energy Fund
The Tuono Corporation, a Naples Florida based commodity pool operator, recently launched the Alpha Energy Fund. This fund feeds into an institutional, proprietary energy trading firm which consists of a multi-faceted investment team. The trading staff, currently 8, has the combined […]
Hedge Fund Fees Shrink as U.S. Pensions Make Direct Investments
Bloomberg – U.S. hedge-fund investors are paring the roughly $80 billion they pay in annual fees by cutting out the middlemen. New York State’s $155 billion retirement system has shifted a portion of its $5.3 billion in hedge-fund assets away […]
Catterton closes $300m consumer sector-focused fund
Altassets – US consumer sector-focused private equity firm Catterton Partners has closed its Catterton Growth Partners fund on its hard cap of $300m. The fund will target control oriented investments in companies requiring between $10m and $30m of equity capital.Catterton […]
UK hedge fund slams J-Power’s plan to pay US$0.67 dividend
Tradingmarkets.com – The Children’s Investment Fund said Thursday that the proposal announced the previous day by Japan’s Electric Power Development Co. (TSE:9513), or J-Power, to distribute a dividend of 70 yen (US$0.67) per share is insufficient. The British hedge fund […]
Investors sue Citi over muni bond hedge funds
NEW YORK (Reuters) – Investors in a troubled municipal bond hedge fund sued several units of Citigroup on Thursday, less than three months after the banking giant committed $1 billion to shore up several of its funds. The suit, filed […]
Funds: Running with the Bears
BusinessWeek – With the U.S. economy facing the likelihood of a recession, is it too late to jump on the bear-market bandwagon? David Tice, manager of the Prudent Bear Fund, doesn’t think so. "Unfortunately, long bull markets are typically followed […]