Monthly Archives: August 2011
Family offices big on hedge funds: Survey
Investment News – The typical family office invests more than a quarter of its clients’ assets with hedge funds, according to an Infovest21 LLC survey of family offices released today. By comparison, advisers allocate about 1% of their clients’ assets […]
Will Hedge Funds and Private Equity Funds Turn Against Obama in 2012?
Forbes – As the 2012 presidential elections approach on the horizons, questions remain about which way Wall Street will lean. In particular, hedge funds and private equity funds may soon bear a serious grudge against President Obama and his Democratic […]
Sino-Forest’s fall from grace
CNN – Standard & Poor’s and Moody’s both downgraded the company’s rating further into junk territory Monday morning, and S&P completely withdrew its rating on Sino-Forest shortly after announcing the downgrade. The ratings cuts come after Canada’s stock governing body, […]
Tennenbaum Capital Partners Announces Final Close On $530 Million Hedge Fund
New York (HedgeCo.net) – Los Angeles-based multi-strategy hedge fund manager, Tennenbaum Capital Partners LLC., has announced the final close of the Tennenbaum Opportunities Fund VI, LLC. With capital commitments of $530 million from new and existing limited partners, the fund […]
Hedge Fund Chief Economist To Speak at FINforums Conference
Press Release – Constance Hunter, Chief Economist of Aladdin Capital Management, said that Europe could recover more quickly if a “cathartic event” forced policy makers to make tough decisions sooner than later. Without a jolt to the system, she added, […]
Aurelius Seeks ISDA Credit Swaps Ruling on Energy Future Unit’s Solvency
Bloomberg – Aurelius Capital Management LP asked a derivatives industry group to determine whether a unit of Energy Future Holdings Corp. is insolvent, which would trigger payouts on $1.2 billion of credit-default swaps linked to the utility provider’s debt. The […]
How A Hedge Fund Reacts To A Hurricane: Trade Weather Derivatives!
Business Insider – While others were stockpiling water, flashlights, and board games in preparation for Hurricane Irene, the hedge fund Tudor Investment was crunching numbers. Paul Tudor Jones’ investment firm employs a weather derivatives analyst. Weather derivatives are fairly new, the […]
NC investor accused of fraud holds estate sale
Houston Chronicle – An attorney for the Securities and Exchange Commission sought an emergency court order Monday against a hedge-fund manager who has been selling off parts of his pricey home’s interior despite a freeze on his assets during a […]
Update: Cayman Hedge Fund Directors Fined For Neglect
New York (HedgeCo.net) – The Court of the Cayman Islands has found two hedge fund directors guilty neglecting their duties, fining them $111 million each. The hedge fund, Weavering Macro Fixed Income Fund, was found to have failed because of the directors’, […]
US lifts freeze on Libya’s UK hedge fund
The Independent – A $1bn Knightsbridge-based hedge fund backed by Libyan money has resumed trading in the US after its assets, frozen on the outbreak of the anti-Gaddafi rebellion, were released. The assets were among the first to be released of the […]