Monthly Archives: September 2006
Funds brush off Shell’s Russia problems
MOSCOW (Reuters) – Fund managers are keeping their cool in the face of Russian political risk as western oil majors come under pressure and state control of business grows. Concern over Anglo-Dutch oil giant Royal Dutch Shell’s Sakhalin-2 energy deal […]
Sloan: One Hedge Fund’s Wilting Fortunes
MSNBC – We at NEWSWEEK don’t print obituaries before our subject has been officially declared dead. But I’d like to make an exception for Amaranth, the hedge fund that became famous last week for losing $6 billion of its investors’ […]
Manager fought SEC and won
Poughkeepsie Journal – Phil Goldstein, who recently forced the Securities and Exchange Commission to stop trying to register hedge funds, is smart and colorful. Goldstein, 61, just moved his offices from Pleasantville, Suffolk County, to Saddle Brook, N.J. Goldstein and […]
A flurry of regulations won’t fix problems at hedge funds
San Francisco Gate – In the investing world, it can be a short three-step walk from problem to new regulation. First, a problem is uncovered. Next, “victims” or “losers” are identified. Then, regulations and legal remedies are proposed. So when […]
Funds not selling on Thailand coup
HONG KONG (Reuters) – Foreign fund managers said on Wednesday they have not starting dumping Thai assets after the army seized power, and that they may use the coup as an opportunity to enter one ofAsia’s most inexpensive markets. But […]
Goldman Sachs fund exposed to stricken Amaranth
LONDON (Reuters) – A Goldman Sachs fund listed on the London Stock Exchange invested some five percent in U.S.-based Amaranth Advisors, which has disclosed billions of dollars in natural gas losses,Goldman said in a statement. It said that, based on […]
Market gossip to meet hedge fund high-tech filter: paper
People – Market gossip, from blogs to regulatory filings, is to meet a new automated monitor and filter system on behalf of hedge funds. The system, named Monitor110, is designed to trawl through more than 40 million internet sources as […]
Conn. hedge fund’s losses higher than first projected
Greenwich Time – A Connecticut hedge fund that bet heavily on the natural gas market lost almost $6 billion over the past month as it sold assets at a loss to stay afloat while its bets on natural gas plummeted, […]
Oil Slump and Hedge funds
HedgeCo.Net (New York) – Traders said today that the precious metals market is under pressure because of a sharp drop in oil in the recent past. Prices fell more than 3% this week, taking it almost $17 below a record-high […]
Hedge fund transfers assets to third party
Times Herald-Record – A Connecticut hedge fund trying to survive after admitting to investors that it lost billions of dollars in the flagging natural gas market has transferred its energy portfolioto a third party. Greenwich-based Amaranth Advisors told investors this […]
Hedge Funds Move to Block Refco Plan
MSN MoneyCentral – A group of hedge funds that bet on a big payoff from investments they made in commodities brokerage Refco Inc. moved Wednesday to prevent the bankrupt company from paying off a$642 million loan. The hedge funds, including […]
NY Fed chief warns on hedge funds
MSNBC – Hedge funds may need to be regulated because of the increasing risk they could pose to the financial system, according to the head of the New York Federal Reserve. Stepping into the highly charged debate about hedge fund […]