Monthly Archives: August 2008
LaSalle raises $3 billion Asia property fund
Reuters – LaSalle Investment Management has raised a $3 billion (1.64 billion pounds) "opportunity" fund for Asian property, saying it is interested in investing in Japan, China and South Korea. The fund management unit of property services firm Jones Lang […]
Former Goldman Big Departs From Hedgie Halcylon
New York Post – Former Goldman Sachs exec Steve Mandis has left the $12 billion hedge fund Halcyon Asset Management – one of the oldest hedge funds on Wall Street, according to an investor letter. Mandis was vice chairman and […]
Apollo’s Hexion rejects Huntsman shareholder plan
Guardian.co.uk – Four large hedge funds, all shareholders of Huntsman Corp, have proposed a plan to salvage a $6.5 billion buyout of the chemical company by a unit of Apollo Global Management. But Apollo’s Hexion Specialty Chemicals unit late Thursday […]
Petrobras, Potash Added to Goldman Hedge Fund List
Bloomberg – Petroleo Brasileiro SA, Brazil’s state-controlled oil company, and Potash Corp. of Saskatchewan Inc., the world’s largest producer of the crop nutrient, were added to Goldman Sachs Group Inc.’s list of the most popular stocks among hedge fund managers. […]
FINCAD Targets Hedge Funds With Webinar
West Palm Beach (HedgeCo.net) – FINCAD is hosting a webinar specifically targeted towards hedge funds titled, ‘Hedge Funds: Scenario and Risk Analysis for your OTC Derivatives Portfolio’ and will feature analysts from FINCADs professional services team. "This is a rapidly […]
Hedge fund Ore Hill limits redemptions
Reuters – Hedge fund Ore Hill Partners, which specialises in credit strategies, has barred clients from redeeming their money from its flagship offering, imposing a freeze just as investors clamored for an exit, the company said on Friday. The firm, […]
Survey shows lack of succession planning at hedge funds
Wealth Bulletin – Nearly 70% of hedge funds don’t have a clear succession planning structure in place, a study by wealth management experts Russ Alan Prince and Hannah Shaw Grove has shown, according to a report in The New York […]
U.S. seeks delay of civil case vs. Bear managers
Reuters – U.S. federal prosecutors asked securities regulators to delay a civil case against two former Bear Stearns hedge fund managers while they hold grand jury hearings in building a criminal case against the pair. Fund managers Ralph Cioffi and […]
Premier hires ex-Thames River man Wright for Branigan fund
CityWire – Premier Asset Management has hired former Thames River hedge fund specialist Chris Wright to take control of the Premier Dividend Fund from Paul Branigan. Branigan, who also manages an absolute return growth mandate and is chief investment officer of Premier, is handing over to […]