Category Archives: Syndicated
Hedge fund giant to open Aust office: report
Business Spectator – A London-based hedge fund that manages $US9 billion ($A9.07 billion) is planning to open a Sydney office as part of a push into the Asia-Pacific, The Financial Times reports. Caxton Associates has already relocated a senior portfolio […]
Disgraced Habo Finans CEO gets 5 years in jail
The Local – Habo Finans’ operations were run through a savings company named Diamanten. Rosendahl told customers that it was a secure savings organisation that would guarantee them a good return. He also claimed that the Financial Supervisory Authority (Finansinspektionen, […]
Brummer Said to Start Asian Event Hedge Fund With Ex-Millennium’s Collison
Bloomberg – Brummer & Partners, the largest Scandinavian hedge fund, plans to start an event-driven fund that seeks to profit from events such as mergers in the Asia- Pacific region, said two people with knowledge of the matter. The Stockholm-based […]
Hedge Funds Win, Economy Loses in Volcker Rule, SkyBridge Says
BusinessWeek – Hedge funds will benefit and the broader economy will suffer if new curbs on trading by U.S. banks are left unchanged, according to the head of SkyBridge Capital LLC. The Volcker rule, enacted this year to curtail proprietary […]
A Hedge Fund Charity for Up-And-Comers
NYT – edge fund up-and-comers that want to give back — but not as much as the industry titans — will have their chance Thursday night at the fifth annual London gala for Hedge Funds Care. For years, there was […]
Email of analyst visited by FBI went to big players
Reuters – Money manager Ameriprise Financial would seem to have little in common with closely held investment advisory firms like Friess Associates and Sonar Capital Management or a giant hedge fund like Citadel Group. Yet a Portland, Oregon-based technology analyst […]
Investors Borrowed $71.1 Billion Under Fed’s TALF Program
Capital – Money managers, including hedge funds, mutual and pension funds borrowed $71.1 billion under the Federal Reserve’s Term Asset-Backed Securities Loan Facility, according to a filing Wednesday on the central bank’s website. Through the program, known as TALF, the […]
Argonaut Sees Portugal Risk as Europe Tops Hedge Funds’ Worries
Bloomberg – David Gerstenhaber, founder of $1.6 billion hedge fund Argonaut Capital Management, said Portugal may be the next casualty of Europe’s debt crisis. “Portugal is structurally weak,” he said in a telephone interview from New York. “There’s a 90 […]
Kravis’ Hedge Fund to Buy 10% of Morgan Stanley’s China Stake
Barron’s – Bloomberg is reporting that Morgan Stanley (MS), the pioneer in U.S. investment banks operating in China, is set to sell its 34% stake in China International Capital Corp. to four different investment groups. One of those buying up Morgan Stanley’s […]
Hedge Funds Tapped Rescue Program
WSJ – Hedge funds and investors whose bearish trades on housing helped them profit amid the credit crisis were among those that benefited from a U.S. government emergency rescue program to kick-start lending, according to Federal Reserve data released Wednesday. […]
Indian American manager fined for defrauding investors
Economic Times – An Indian American manager of a hedge-fund that catered to Silicon Valley professionals has been fined by the Securities and Exchange Commission and barred from the investment advising business for five years. Neil Godbole, 29, of San […]
Asia’s Hedge-Fund Hurdles
WSJ – Major hedge funds are expanding rapidly in Asia as global investor interest in the region grows, Alison Tudor reports in The Wall Street Journal today. But there are challenges ahead, particularly for smaller players. Asian markets remain relatively […]