Monthly Archives: June 2009
Texas already regulates hedge funds
Dallas Morning News – There are 200 hedge funds in this area, putting the Dallas area third behind only New York and San Francisco in the number of hedgies. Most have offices in the Crescent, Preston Center and in Plano. […]
StarInvest Acquires Hedge Fund Provider EXX
West Palm Beach (HedgeCo.net) – Stock transfer agency, StarInvest Group, Inc (STIV) has completed the acquisition of a privately held hedge fund provider EXX.COM. “This acquisition will unleash the value of STIV management, and relationships in our effort to grow […]
Return To Eastern Europe
Forbes – Plummeting stock prices in Eastern European should have made the region full of rich pickings for Western investors, but hedge funds and private equity firms have been sitting on the side lines for the last few months, fearful […]
GM to file for bankruptcy, Chrysler sale cleared
Reuters – General Motors Corp will file for bankruptcy later on Monday, U.S. officials said, forcing the 100-year-old automaker once seen as a symbol of American economic might and dynamism into a new and uncertain era of government ownership. The […]
Spice Finance and 3 Degrees Launches Singapore/India Special Situations Private Equity Fund
West Palm Beach (HedgeCo.net) – Spice Finance, the financial services arm of the $1.5 billion B. K. Modi Group, has entered into a first-of-its-kind strategic joint venture with Singapore-based 3 Degrees Asset Management to launch the Spice 3 Degrees Special […]
Hedge funds face serious trimming
Crain – For years, Dan Loeb was the hedge fund world’s hanging judge, firing off blistering letters to hapless chief executives that condemned them for their shortcomings. “Do what you do best,” he hissed in a 2005 letter to a […]
UK FSA Extends Reporting for Short-Selling Financial Stocks
Bloomberg – Hedge funds and other investors who short-sell shares in Britain’s financial companies must continue to disclose their trades, the U.K.’s financial regulator said. A reporting requirement put in place by the Financial Services Authority in January will continue […]
Hedge funds worried Obama moves could backfire
Reuters UK – U.S. government efforts to revive a sluggish economy have cheered markets since March, but some of the most successful investors around worry these moves may only make the bad times linger. Several hedge fund managers at an […]
Boaz Weinstein Said to Raise $160 Million for Saba Hedge Fund
Bloomberg – Boaz Weinstein, the bond trader who lost more than $1 billion last year at Deutsche Bank AG, has raised about $160 million since the end of April for his new hedge fund, according to two people familiar with […]
Hedge funds take aim at Florida real estate
Tampa Bay Online – Some consider them good capitalists. Others see them as opportunists. Still others call them vultures. Whatever the name, hedge fund investors likely will be major players in Florida real estate in the next few years, buying […]
Hedge fund manager Singer wants limits on leverage
Alibaba News Channel – Aggressive government action can hurt the market, but regulators should clamp down on leverage among banks and investors to prevent another credit crisis, veteran hedge fund manager Paul Singer said at a conference. Singer said the […]