Author Archives: Editor
European banks’ exposure to India may add up to 15% of GDP
India Express – Policy-makers in New Delhi and Mumbai are not convinced, but global investment banks and hedge funds with significant interests in India, are deeply concerned that a blowing over of the European sovereign debt crises will adversely impact […]
Cable refuses to back knighthood for Tory hedge fund millionaire who made money from fall of Northern Rock
Daily Mail – The row over the honour for hedge fund trader and Tory donor Paul Ruddock intensified last night after Business Secretary Vince Cable refused to endorse the award. Asked if he supported David Cameron’s decision to approve Mr […]
Hedging your bets on the next Dodgers owner
LA Times – Forecasting how this might ultimately play out is a risky endeavor, which is something Steven Cohen is at least historically familiar. Cohen is the East Coast hedge fund titan identified by The Times’ Bill Shaikin as bidding on […]
Fed Says Wall Street Dealers Tighten Terms on Hedge-Fund Securities Trades
Bloomberg – Wall Street dealers made it tougher for hedge funds to finance trading of securities and derivatives in the three months through November, a Federal Reserve survey showed today. Responses “indicated a broad but moderate tightening of credit terms applicable to important […]
ADV crackdown on, as SEC says firm claimed $200M in AUM, had $3M
Investment News – A Chicago investment adviser and its principal lured investors into two funds of hedge funds the firm managed by “grossly exaggerating” the firm’s assets under management and making other false and misleading statements, the Securities and Exchange […]
US Investor Acquires $2.4 Billion UK Hedge Fund Group
New York (HedgeCo.net) – $351.7 billion US investment manager, Federated Investors, Inc., is acquiring Prime Rate Capital Management from UK hedge fund Matrix Group Limited. Prime Rate Capital Management’s family of UCITS hedge funds include: Prime Rate Sterling Liquidity Fund, Prime […]
Euro hits 11-month low against the dollar as banks hoard ECB cash
Guardian – The euro weakened about 1% percent against the dollar and the yen on Wednesday, the day before an important auction of long-dated Italian debt, while US stocks slid more than 1% on concerns about the economy in early 2012. The […]
SEC Employs New Tactics to Catch White Collar Criminals
IBT Times – The backlash from the Bernie Madoff scandal was unmistakable. New Yorkers are still reeling from the effects, which could be felt for years from the swindler who stole millions of dollars and ruined people’s lives. Madoff can […]
Cohen’s SAC buys 5.2% stake in Validus
Royal Gazette – Billionaire hedge fund executive Steven Cohen is dipping his toe even further into the reinsurance market with the purchase of a 5.2 percent stake in Bermuda-based Validus Re. The stock purchase by Mr Cohen’s SAC Capital Advisors’ […]
Hedge-Fund Millionaire Diggle Bets on Farms, Life Sciences
Bloomberg – Stephen Diggle, who co-founded a hedge fund that made $2.7 billion in 2007 and 2008, plans to open his personal farmland portfolio to investors and start a fund that will trade life-sciences companies. Diggle will transfer the farm […]
South Korea embraces hedge funds
Dow Jones – According to KyongSun Kong, a Seoul-based analyst at research and consulting firm Celent, Korean brokers were finally allowed to release hedge funds at the end of September, when the country’s Capital Market Consolidation Act was revised. She […]
Sears as Lampert’s ‘Mismanaged Asset’ Loses Customers to Macy’s
Bloomberg – When Kmart acquired Sears in 2005, Chairman Edward Lampert said the new company would have the geographic reach and scale to compete with Wal-Mart Stores Inc. The billionaire hedge fund manager has since presided over 18 consecutive quarters […]