Category Archives: Syndicated
Hedge funds play a lending role
The Standard – Borrowing costs in China surged for the sixth straight day as the seven-day Shanghai interbank offered rate rose 57.5 basis points to 5.3053 percent. The surge follows tightening measures by Beijing. The Shibor reached its highest level since […]
Banks in the Asia-Pacific region have benefited from a more active year in derivatives, as corporates seek to hedge their currency and interest rates exposures following a slowdown during the financial crisis After a hiatus during the financial crisis, hedging has returned with a vengeance to boost the corporate derivatives business at banks in Asia-Pacific
Risk – Banks in the Asia-Pacific region have benefited from a more active year in derivatives, as corporates seek to hedge their currency and interest rates exposures following a slowdown during the financial crisis After a hiatus during the financial […]
Hedge fund Elliott unbowed by European defeats
Reuters – He who shouts loudest doesn’t always get heard, as Elliott Management found to its cost earlier this month when the activist firm met stiff resistance to changes it was seeking at European companies. But chief executives cannot afford […]
Shumway said to invest $200 million in funds of two ex-employees
Stamford Advocate – Chris Shumway, who returned client capital this year from his $8 billion hedge fund, is providing $100 million each to two former employees who are starting their own firms, according to three people familiar with his plans. Ashwin […]
Failed hedge fund fraudster gets four years in jail
The Star – Boaz Manor, convicted of defrauding thousands of investors in a Toronto-based hedge fund once worth $800 million, has been sentenced to four years in jail. The sentence was handed down Wednesday morning by Justice Ian Nordheimer of the […]
Prominent hedge fund manager calls for Microsoft’s Ballmer to step down
Apple Insider – Influential hedge fund manager David Einhorn called Microsoft CEO Steve Ballmer “the biggest overhang” on the company’s stock at an investment conference on Wednesday, saying he should step aside and “give someone else a chance.” Einhorn serves […]
Euro drops on Greece jitters, eyes key support
Reuters – The euro fell on Wednesday, as investors including hedge funds cut bullish bets on mounting worries over Greece’s finances, with many traders expecting the single currency to test key support levels on charts. Speculative selling of the euro […]
China seen as the candidate for ‘next catastrophe’
Telegraph – Mr Zuckerman’s book was one of the first to reveal the billions in profits which hedge funds and banks from taking bets against the sub-prime market just before the housing bubble burst. China, where the economy has expanded […]
IKOS Says Investigation of Former Workers Was ‘Legitimate’
Bloomberg – IKOS Asset Management Ltd., the hedge fund whose founders Elena Ambrosiadou and Martin Coward are divorcing, said it used “legitimate investigative efforts” on former employees. IKOS started the probe after discovering software had been copied without permission, the […]
New Mexico ERB to approve new hedge fund allocations
HFMWeekThe $9.2bn New Mexico Educational Retirement Board (ERB) is set to approve allocations to two new hedge funds this week, as part of its new 20% opportunistic portfolio. The investment committee is due to approve new investments to the Waterfall […]
GM Falls Out of Favor With Hedge Funds
Bloomberg – General Motors Co. (GM), one of the 10 most popular stocks for hedge funds at the end of last year, fell out of favor in the first quarter as slower growth in China and discounts in the U.S. […]
Apple, Rivals Matter Most to Hedge Funds
The Street – According to Goldman Sachs’ first-quarter Hedge Fund Trend Monitor, which dissects 700 hedge funds with $1.25 trillion in equity assets, Apple ranks as the No. 1 “must-have” stock. While billionaire George Soros dumped nearly 100,000 shares of Apple […]