Category Archives: Syndicated
Toscafund halves Stake in key investment Aberdeen Asset Management
Hedge Tracker – Toscafund, the activist hedge fund run by Martin Hughes, has sold half of its stake in Aberdeen Asset Management to Japanese bank Mitsubishi. According to an article from the Telegraph, Toscafund’s assets have fallen in half since […]
Wealth managers eye “mass affluent” as tax bites
Reuters – Wealth management firms are counting on new business from the moderately rich as they play down the impact of a possible exodus of the ultra wealthy from tax-hungry Britain. The likes of steel magnate Lakshmi Mittal and Russian […]
Paolo Pellegrini, Formerly of John Paulson’s Hedge Fund on Bloomberg
ForexHound – I admit I had not heard of this fellow until I saw this interview on Zerohedge, but apparently this is the key brain behind the massive bet against subprime mortgages that made John Paulson both famous and one […]
Silicon Valley sees surge in deal-making
Mecury News – September brought a sharp uptick in M&A activity, according to the 451 Group, a firm that analyzes the tech industry. The month began with the $2 billion “carve out” deal for Skype, in which eBay sold 65 […]
Credit Suisse Targets Japan’s $800 Billion Pensions
Bloomberg – Credit Suisse Group AG, which sold its Japanese asset management unit in June, will offer alternative investments including private-equity funds to attract the nation’s $800 billion in pension money. Tokyo-based Credit Suisse Securities (Japan) Ltd., the Japanese brokerage […]
Former board chair, whose hedge fund lost $1.5 billion, returns to board, will oversee endowment
The Mac Weekly – Larson resigned from the board in August 2007 after the sale of his hedge fund, which had been one of the most successful in the country. Sowood Capital Management was an early, high-profile casualty of the […]
Onex to float IPO on distressed-debt fund
Report On Business – Onex Corp. is offering retail investors a chance to put their cash beside its executives’ money in a distressed-debt fund that has recently delivered eye-popping returns. The country’s largest private equity firm said yesterday that it […]
Investors fear money went south — to Panama
StarTribune – The money trail in a suspect currency investment program promoted by several Twin Cities companies runs through an industrial building in this gritty southern California community that calls itself Horsetown USA. Trevor Cook, a 37-year-old Minneapolis money manager […]
Axa seeks flexible hedge funds in tricky markets
Reuters – Opportunities abound for equity and credit-focused hedge funds, according to Axa Investment Managers, but the firm is favouring nimble players able to adjust strategies quickly in still uncertain markets. Chris Manser, global head of funds of hedge funds […]
London hedge funds talk the walk over Swiss move
Reuters – A hedge fund exodus from London to Switzerland in the face of higher taxes and tougher EU rules is unlikely to occur this side of a British general election, although the industry pretender remains ready to pounce. Eyeing […]
RCM plans new hedge funds to boost sector assets
Guardian – RCM, Allianz’s equity fund management unit, is launching two new hedge fund products aimed at increasing its assets under management in the sector by more than 50 percent, its Chief Investment Officer said. Andreas Utermann told Reuters that […]