Monthly Archives: September 2008
Getting Harder To Hedge
New York Post – Despite headlines about hedge funds that got decimated after making complicated bets on mortgages or energy, the most basic investment strategy of picking which stocks will rise and which will fall – known as long-short equity […]
FUND VIEW-Evolvence wary on Gulf utilities, likes banks
Reuters HK – Gulf utility stocks should be approached with caution given their need for high capital investment in the next few years and limited pricing power, the manager of the Evolvence MENA Hedge Fund said on Wednesday. But shares […]
Pension plans need advice on hedge funds
Reuters – The U.S. Labor Department should provide pension plans with guidance on investing in hedge funds and private equity, a report issued by the Government Accountability Office (GAO) said on Wednesday. The report found that pension plans are investing […]
Shocker! Steve Jobs Blames It All on Hedge Funds
New York Times – To the ranks of chief executives who blame those terrible meanies who run hedge funds for their troubles — Jeffrey Skilling at Enron, say, or Jimmy Cayne at Bear Stearns, or Patrick Byrne at Overstock.com — […]
Fairfax claims victory after broker fires analyst
Globe and Mail – Fairfax Financial Holdings Ltd. is claiming a victory in a long-running legal battle with U.S. hedge funds after brokerage firm Morgan Keegan & Co. Inc. revealed on Wednesday it has fired an analyst embroiled in a […]
MEPs launch attack on hedge funds
EurActiv – Hedge funds and private equity could be forced to abide by minimum capital requirement rules in future if a report adopted by an influential European Parliament committee becomes EU legislation. The Parliament’s Committee for Economic and Monetary Affairs voted on […]
Lehman Stock Down After Korean Investment Talks End
New York (HedgeCo.Net) – Shares of Lehman Brothers Holdings Inc. plummeted on Tuesday amidst increasing investor concerns over the bank’s ability to raise capital. The stock dropped 45 percent to $7.79 in early afternoon trading, marking the lowest level in […]
Blackstone: $5 billion limit for LBO bank financing
Reuters – Private equity firm Blackstone Group LP’s chief operating officer said on Tuesday that the limit on bank financing for leveraged buyouts was about $5 billion. But COO Tony James said there were multiple opportunities to invest despite the […]
Hedge fund manager PMA sees capacity at $4 billion
Reuters – Hedge fund manager PMA has the capacity to manage as much as $4 billion without curtailing returns given current market opportunities in Asia, its chief executive said in an interview. The Hong Kong-based firm, which now manages about […]
RAB Tries to Halt Redemptions as Hedge Fund Drops 48%
Bloomberg – RAB Capital Plc is trying to freeze client redemptions for three years to avoid liquidation of its flagship hedge fund, which lost almost half its value this year. RAB fell as much as 14 percent in London trading […]
Africa attracting new private equity interest
Business Day – Private equity firm Actis says equity funds have embraced investing in Africa because many governments have instituted market reforms which are creating opportunities for brave investors willing to take a long-term view on Africa. “There is increased […]