Category Archives: Syndicated
Indian banks make most of RBI’s FCNR deposit scheme, HDFC Bank emerges biggest player
Financial Express – In the three-month period between September and November when the Reserve Bank of India announced a special concessional dollar swap window to attract FCNR (B) deposits and foreign currency borrowings through which it raised $34 billion, thereby […]
Indian banks make most of RBI’s FCNR deposit scheme, HDFC Bank emerges biggest player
Business Standard – In the three-month period between September and November when the Reserve Bank of India announced a special concessional dollar swap window to attract FCNR (B) deposits and foreign currency borrowings through which it raised $34 billion, thereby […]
HDFC Mutual Fund unwavered by recent failures
Money Control – HDFC Top 200 is the biggest fund in the country with a size of around Rs 9,765 crore as of August 2013. It has been one of the best-performing funds over the long term, managing to beat […]
Falcone’s Fidelity & Guaranty Prices IPO at Low End of Range
Bloomberg – Fidelity & Guaranty Life, the insurer controlled by billionaire Philip Falcone’s Harbinger Group Inc., raised $165.75 million in its initial public offering, pricing the shares at the low end of the range. Fidelity sold 9.75 million shares for […]
Hedge Fund Owner Has Bought Taos Ski Valley in NM
ABC News – Taos Ski Valley officials announced Wednesday that wealthy conservationist and hedge fund owner Louis Bacon has agreed to buy the ski area. The sale price wasn’t disclosed. Taos Ski Valley CEO Mickey Blake says the ski area […]
Hedge fund manager conned La. retirement systems out of $100 million, report says
The Advocate – A New York hedge fund manager apparently conned three Louisiana retirement systems out of $100 million in an investment scheme that promised high returns with low risk, a court-appointed bankruptcy trustee says in a recent report. In […]
U.S. hedge fund Golden Tree increases stake in Postmedia
Financial Post – U.S. hedge fund Golden Tree Asset Management LP increased its stake in Postmedia Network Canada Corp. last month and now owns 39% of the newspaper chain’s shares. The New York City-based fund is Postmedia’s largest shareholder and […]
Billionaire Hedge Fund Manager David Tepper Is Having A Huge Year
Forbes – Billionaire David Tepper’s hedge fund firm, Appaloosa Management, celebrated its 20th anniversary in 2013 and it’s turning into a year to remember for the former Goldman Sachs trader. Tepper’s big Palomino hedge fund posted net returns of 37.86% this year through […]
Schwarzman Says Blackstone Sold Long Fixed-Rate Holdings
Bloomberg – Blackstone Group LP co-founder Steve Schwarzman said his firm sold most long-dated fixed-rate investments and moved to floating-rate investments as interest rates start to rise. “We exited almost all of our long-duration fixed-rate investments probably four or five […]
FirstGroup rejects US hedge fund break-up proposal
Independent – FirstGroup has rejected pressure from a US investor to sell-off its North American bus business in a bid to boost shareholder value. New York-based hedge fund Sandell Asset Management, which has a 3.1 per cent stake in FirstGroup, […]
Citigroup adds director with hedge fund, banking experience
Reuters – Citigroup Inc named Duncan Hennes, a co-founder of bank advisory firm Promontory Financial Group and a former CEO of Soros Fund Management, to its board of directors on Wednesday. Hennes, 57, a principal of money manger Atrevida Partners LLC […]
Hedge Fund Lions’ Den: Managers voice concerns over lack of investment
Risk – Emerging managers get up close and personal with industry experts in episode four of Hedge Fund Lions’ Den. Aperios, Laurentia and Strategis have a chance to learn from the lions Hedge Fund Lions’ Den continues with encounters, part […]