Category Archives: Syndicated
Slumping Energy Demand Has Bottomed, Fund Manager Melis Says
Bloomberg – The decline in energy demand and drop in German electricity prices may have ended, according to the chief executive officer of hedge-fund manager Energy Capital Management BV. “The forward prices are at lows, the spot prices are at […]
EU hedge fund directive ‘could be softened’, says Liberal Democrat chair
Guardian – Britain’s efforts to soften a European directive aimed at imposing tough regulation on hedge funds and private equity firms has the support of most of the European Parliament, says Sharon Bowles, Liberal Democrat chair of the parliament’s Committee […]
Hedge Fund Fees Remain Intact, Report Finds
New York Times – Investors who expected hedge funds to prune fees after a particularly disastrous showing in 2008 may be disappointed by a recent study. The Wall Street Journal reported that a study compiled by the French fund-of-hedge-funds firm […]
Nadel Again Seeks Release From Jail While Awaiting Fraud Trial
Bloomberg – Arthur Nadel, the Florida hedge- fund adviser who has been jailed since January, again asked a judge to release him on reduced bail while he awaits trial. A lawyer for Nadel, a money manager and founder of Scoop […]
J.Baer poised for buys, new targets disappoint
Reuters – Julius Baer would consider buys at home and abroad, the Swiss group, a possible buyer of Dutch rival ING Group NV’s private banking assets, said on Friday, although its shares slid sharply after the release of new financial […]
A lesson from hedge funds
Herald – When you think about future financial stability, ask yourself this contrarian question: Why is it that the nefarious hedge funds, supposedly the bad boys of the financial world, actually came through last year’s crisis in relatively good shape? […]
US tax chiefs target loans from hedge funds offshore
Reuters – U.S. tax authorities have advised staff in New York to pursue legal cases against hedge funds and companies that avoided taxes through loans that originated in the United States but are approved offshore. The Internal Revenue Service, in […]
Griffin’s Citadel Securities to Unveil Credit Team in October
Bloomberg – Citadel Investment Group LLC will formally open its credit business next month as the $13.5 billion hedge fund founded by Ken Griffin expands into the market for leveraged loans and high-yield, high-risk bonds. The new group, part of […]
RAB Gold hedge fund down 18 percent
Reuters – A hedge fund run by RAB Capital that invests in gold has fallen about 17.5 percent since the start of June, the group said, missing a large rise in the gold price because of bad bets. The $35 […]
Harbinger to Acquire SkyTerra, Take It Private
The Washingtom Post – Reston-based satellite firm SkyTerra said Wednesday that it has agreed to be acquired by its biggest shareholder in a roughly $280 million transaction that will return the company to private ownership. Under the deal, New York-based […]
Barclays, GLG Partners, Abu Dhabi among Lehman claimants
Reuters – The list of investors filing billion dollar claims against Lehman Brothers illustrates the global damage caused by its collapse, with companies from the United States, Europe and Abu Dhabi making some of the largest demands. Barclays Bank, Morgan […]
Hedge-Fund Assets Rose by $21.4 Billion in August
Blomberg – Hedge-fund assets increased by $21.4 billion in August as managers completed their best year- to-date return in almost 10 years, driven by rising stock markets amid signs of economic recovery, Eurekahedge Pte said. Assets grew for a fourth […]