Monthly Archives: September 2007
MARKETS BRACE FOR SEISMIC SEPTEMBER
New York Post – The Labor Day weekend is over, the kids are back in school and Wall Street traders have returned to their desks, bracing themselves for a bumpy ride. But this year investors shouldn’t count on the “Santa […]
Hedge Funds Circle $43-Billion Fire Sale
CNBC – Fire sales worth up to $43 billion could soon spark a flurry of opportunistic investment, according to a recent report from the Royal Bank of Scotland, as the ongoing squeeze in the commercialpaper market forces investment banks to […]
Hedge funds move to block Arcelor-Mittal merger
Worldnews.com= Hedge funds in steel giant Arcelor asked a Dutch court on Wednesday to block the company’s 30 billion ($40 billion) takeover by Mittal Steel, saying that a revised share swap deal has cost them $205 million. “We are only […]
South Africa’s New Hedge Fund Regulations
West Palm Beach (HedgeCo.Net)- Just as South Africa’s Financial Services Board (FSB) is coming out with new regulations governing the area’s hedge fund industry, Terrapinn is presenting Hedge Funds World Africa 2007. Last year there was a record turnout of […]
Barclays Bails Out A Hedge Fund – Forbes
Forbes- Barclays now has to grapple with both a buyout and a bailout. Midway through its gargantuan takeover bid for Dutch rival ABN Amro, the British bank said it is rescuing a hedge fund client with a $1.6 billion loan. […]
Tech Stocks: A Summer of Love
Business Week- Technology stocks are enjoying an uncommon summer of love, as investors have been shifting money away from financial companies in light of the subprime and credit market troubles. “This year, tech stocks are outperforming pretty notably,” says Scott […]
Offshore funds may lose protection from US litigation
Caymen Net News- Offshore status may not protect Cayman Islands-registered companies from litigation in the USA. The recent collapse of three Cayman-based hedge funds had fuelled fears that a 2005 amendment to the US Bankruptcy Regulations would prevent creditors of […]
China Inc’s profit growth forecast doubles
SHANGHAI (Reuters)- Fund managers and securities analysts have doubled their forecasts for Chinese firms’ profit growth in the second half of 2007 to 50 or 60 percent after China Inc posted spectacular earnings for the first half. The forecasts, based […]
Key Recovery Fund wins award
HedgeCo.net ( New York ) – – Key Asset Management is delighted to announce that Key Recovery Fund has won ‘best performing single strategy specialist fund of funds under €200m’ in the MARHedge Annual European Performance Awards 2006. The fund […]
Hedge fund study bill clears first hurdle
Financial News Online US – The US House of Representatives has approved a bill to commission a study on hedge funds that could result in greater disclosure for theindustry. The move follows calls from regulators to increase scrutiny in the […]
Pirate Capital loses staff after returns slip
MarketWatch – Pirate Capital LLC has lost several analysts and one portfolio manager this week after returns at the $1.7 billion activist hedge fund slipped this year. Two analysts, Zachary George and David Lorber, resigned on Tuesday and fixed-income portfolio […]
Buffett Says Hedge Funds Are Older Than You Think
Bloomberg – Wherever you travel on the information highway, look out for factoids. These tricky little creatures are bits of supposed knowledge that nobody has bothered to verify. They take on the aura of truth as they are repeated by […]