Author Archives: Editor
Here comes the death of the bearish funds
Blogging Stocks – One year ago today, a quarter ended that put hundreds of bullish hedge funds out of business. Today, a quarter ends that will put hundreds of bearish hedge funds out of business. Oh, sure, last year some […]
Fortress’ Novogratz says “easy meat” days are over
Reuters – From the edge of the abyss, most investment banks and hedge funds have roared back this year thanks to equity markets that have surged 60 percent from their March lows and healthier credit markets, said Novogratz, who manages […]
Judge backs Galvin in case against hedge fund
Boston Herald – Secretary of State William Galvin’s office didn’t violate a well-known hedge fund manager’s free-speech rights when the state cracked down on the fund’s use of the Internet to advertise to nonqualified investors. Suffolk Superior Court Judge Judith […]
Hedge Fund Manager SilkInvest Launches Fixed Income Frontier Fund
New York (HedgeCo.net) – In a move that shows that product innovation is still alive and well, Silk Invest, an asset management firm regulated by the FSA, has just announced the launch of its new UCITS Luxembourg domiciled fund. Focused […]
Bookstaber To Speak At HedgeWorld As The Number of Hedge Funds Rise
New York (HedgeCo.net) – Hedge fund manager Richard Bookstaber will be speaking at is year’s HedgeWorld Fall Conference. He is the author of “A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation,” a book […]
Shumway: Another Hedge Fund Falls for BofA
Chris Shumway runs a $5 billion hedge fund and is best known for intensive fundamental research to create long/short equity portfolios. He is a ‘Tiger Cub’ because he formerly served as Julian Robertson’s right-hand man while at Tiger Management. Taken […]
Report: CIT Group again on brink of collapse
The Associated Press – CIT Group Inc. shares plunged in premarket trading Wednesday as the commercial lender is reportedly trying to craft an exchange that would cut its debt and offer bondholders an equity stake in the company in a […]
Man Group Assets On The Mend After 15-Mo Decline
Wall Street Journal – Man Group PLC said its assets are growing again after a 15-month decline that saw the funds it manages nearly halve, as redemptions from institutional clients markedly slowed in its fiscal second quarter. Funds under management […]
Investcorp Receives Approval to Issue a Further US$ 40 Million of Preference Shares to Meet Demand
Zawya – Shareholders at InvestcorpInvestcorp’s Extraordinary General Assembly today voted to issue a further US$ 40 million of preference shares to meet additional demand from investors who subscribed to Investcorp’s recent capital raise. Investcorp had received commitments in excess of […]
Opinion: Economic correction requires cultural shift
Arizona Star – Centuries ago, historians came up with a classic theory to explain the rise and decline of nations. The theory was that great nations start out tough-minded and energetic. Toughness and energy lead to wealth and power. Wealth […]
CIT’s future in question ahead of lender meeting
Lexington Herald – CIT Group Inc.’s shares soared Tuesday on a report that hedge fund manager John Paulson is considering merging the troubled finance company with failed mortgage lender IndyMac Federal Bank. But they plunged after-hours as a separate report […]
Cuomo’s Unidentified Executive in Kickback Case Said to Be Hall
Bloomberg – New York Attorney General Andrew Cuomo has alleged that an executive of Clinton Group Inc., which once managed $8 billion in assets, knew of kickbacks made to win $750 million in state pension-fund business in 2006. Cuomo identifies […]