Author Archives: Editor
Bush Hedge Fund Bid Under Scrutiny
New York (HedgeCo.net) – A hedge fund managed by Marvin Bush, the brother of former President George W. Bush, failed to disclose previous litigation against its founding partner. The Nashville legal department, according to news source The Tennessean, is looking […]
Cayman hedge fund service firm expands into Asia
Cayman News Service – Local hedge fund firm dms Management Ltd has opened an office in the Asia-Pacific region. The firm said the dms Management (Hong Kong) Limited ensures real-time service for DMS’ Asia-Pacific clientele and solidifies the global strength […]
Woman’s touch helps hedge funds retain their value
Guardian – Hedge funds run by women have fallen only half as much during the financial crisis as those managed by men, research shows. The value of female-managed funds dropped by 9.6% in the past year, compared with a plunge […]
European Hedge Funds Get Hammered By Euro, Emerging Markets
WSJ – Some of Europe’s largest hedge funds are limping this year after making bad bets on investments like the euro and emerging markets. A $2.7 billion fund run by Brevan Howard Asset Management LLP in London, called the Emerging […]
Bernanke: Crisis Taught Us To Be Very Aggressive With Banks
Dow Jones – The financial crisis has taught regulators to be more aggressive with big financial firms, Federal Reserve Chairman Ben Bernanke said Thursday. Speaking to a Senate panel together with other senior regulators, Bernanke said: “We’ve all learnt lessons […]
Hedge Fund Owns 24 Texas Shopping Centers
New York (HedgeCo.net) – Hedge fund manager Investcorp’s US-based real estate arm has made over $100 million in acquisitions in the past 30 days. The most recent of three purchases made by Investcorp over the past 30 days was the […]
Disney Leaker Should Get 10 Months, U.S. Says
Bloomberg – Bonnie Hoxie, the former Walt Disney Co. employee who pleaded guilty to trying to sell confidential earnings information, should get a term of as long as 10 months in prison, U.S. prosecutors said. Hoxie, the former assistant to Disney […]
Falcone’s LightSquared Said to Be Near $585 Million Loan Accord
Bloomberg – Philip Falcone’s LightSquared Inc. venture is close to securing a $585 million loan to build its wireless network, as it negotiates a wholesale deal with a nationwide carrier, said two people familiar with the plans. An official announcement […]
Hedge fund manager files for bankruptcy
Tampa Bay Business Journal – Hedge fund manager Terry D. Rawstern estimates the combined value of his 2000 Pontiac Firebird and 2001 Explorer at $6,000. His house in Greyhawk Landing, valued at $335,000 for tax purposes, is in foreclosure. He has […]
Activist investors find their voice again
Reuters – Activist investors are back and flexing their muscles again after fading into the background during the credit crisis, though they are now dependent on cutting deals with big institutions to get their way. While not quite back to […]
Hedge Funds May Pose Systemic Risk in Crisis, U.S. Report Says
Bloomberg – Hedge funds and insurers might threaten U.S. economic stability in a time of crisis, according to a report aimed at helping regulators decide which non-bank financial companies warrant Federal Reserve supervision. An exodus of hedge-fund investors could “cause […]
Emerging markets hedge funds lead industry into 2011
Opalesque Industry Update – Emerging markets hedge funds posted industry-leading gains in 2010, led by funds with regional exposure to Russia and the Middle East, according to Hedge Fund Research, Inc. (HFR), the leading provider of hedge fund industry data. […]