Monthly Archives: June 2009
Hedge funds eye shift of EU power
Hedge funds and private equity firms are hoping a resurgent right wing in European politics will give them stronger support when they call for changes to proposed legislation they see threatening their industries. The coalition of European conservative parties won […]
Hedge Fund Trends: Icahn Buys Casino, Paulson Likes Distressed Debt
We recently learned of two major hedge fund transactions that we thought were worth highlighting here on the blog. Firstly, John Paulson is at it yet again. The prominent hedge fund manager has been in the media a lot recently […]
Hedge funds in Cayman Islands withdraw from UK banks
Hedge funds and financial institutions based in the Cayman Islands have been pulling their money out of Britain as they are hit by the credit crunch, according to figures from the Bank of England. The low-tax regime and limited regulation […]
Hedge fund leverage is returning
Hedge funds have begun to raise leverage levels again in recent weeks as prime brokers and other lenders become bolder about extending credit in more stable markets, a lawyer specializing in the sector said on Tuesday. Henry Bregstein, attorney at […]
HK’s SAIL Advisors to manage three ING fund of hedge funds
SAIL Advisors, a Hong Kong-based fund of hedge funds operator, said on Monday it will take over the management of three ING (ING.AS) funds in a move that will see a senior ING executive join the Hong Kong firm. Under […]
Myners pledges vigorous campaign against EU hedge fund curbs
Wealth Bulletin – Paul Myners has vowed to fight “tooth and nail” to revise a directive from Brussels that would give the European Union the power to set limits on how much hedge funds are allowed to borrow. The draft […]
Appleby closes in on Dickinson Cruickshank merger
The Lawyer – Offshore giant Appleby is to merge with Isle of Man firm Dickinson Cruickshank to create the world’s largest offshore firm in terms of partner numbers. The combined firm will have 73 partners and nine offices worldwide, including […]
Hedge funds buy up German TV firm’s debt
Independent – Hedge funds Apollo and Octavian have been quietly building up a position in ProSieben, one of Europe’s biggest commercial broadcasters. The move could lead to a showdown with private equity owners Permira, the Damon Buffini-run giant, and Kohlberg […]
Asia Hedge Funds on ‘Radar’ After Beating Peers, Citigroup Says
Bloomberg – Asian hedge funds are attracting growing interest from investors as managers focusing on the region outperform global peers, said Andrew Hill, director of prime finance for Asia-Pacific markets at Citigroup Inc. “There are pockets of proprietary money looking […]
Carlyle Group Sets Sights On Battered Banks
Free Internet Press – With the leveraged-buyout business on life support, major private-equity firms such as the Carlyle Group are taking a closer look at the battered banking sector as a way to make money for their clients. Last September, […]