Category Archives: Syndicated
Tokyo FX volume falls as hedge funds leave
Reuters – Foreign exchange trading volume in Japan has fallen 16 percent this year after many hedge funds closed out investments during the global financial crisis, and Tokyo’s turnover in spot trading now lags behind Singapore. But steady turnover in […]
Ex-Bear Hedge Manager Allegedly Sought to Use Funds for Condo
Bloomberg – Former Bear Stearns Cos. hedge fund manager Ralph Cioffi, indicted for an alleged fraud that helped bring down the securities firm, attempted to use his $2 million redemption from a fund he supervised as collateral for a condominium, […]
Volkswagen Again a Focus for Hedge-Fund Short Sellers, WSJ Says
Bloomberg – Volkswagen AG has seen a doubling of short interest in its stock by hedge funds since the middle of last month, with 2 percent of the company’s shares, and almost a third of the common stock available for […]
Bad News Bears: The Travails of Journalists Turned Financiers
New York Times Blogs – Sure, it’s tough being a journalist these days. But if you think the news business is in trouble, try being a journalist turned financier. Some of the reporters who have left their ink-stained professions for […]
Talk of Harbinger stake in African Minerals
Telegraph.co.uk – The chatter was that Harbinger, a powerful US hedge fund run by Philip Falcone, has built a small stake in African Minerals and has been talking to London brokers in recent days about picking up more stock. Harbinger […]
Hedge funds build up short bets on VW again
Reuters UK – Hedge funds have increased their bets on a fall in voting shares in Europe’s biggest carmaker Volkswagen, according to data on Tuesday, despite the heavy losses suffered by such funds last year. Hedge funds shorting VW were […]
Hedge funds soar in ’09, most still in the red
The Boston Globe – Hedge funds are having their best year since 1998, yet most fund managers still are well below their peaks before the market’s meltdown last year, industry analysts said. Hedge fund assets rose 2.5 percent in July, […]
Greed can backfire on hedge fund seeders: Man
Reuters – Early-stage investors in hedge funds should not be too greedy when negotiating with start-ups or it may hit their own investment, warns Man Investments, which this week agreed a short-term deal with an Asian start-up fund. Net outflows […]
Hedge Funds Had Net Inflows of $10.6 Billion in July
Bloomberg – Hedge fund assets increased by $10.6 billion in July, rising for a third straight month, as managers trading shares benefited from global stock market gains, according to Eurekahedge Pte. Net inflows into the industry totaled $2.1 billion, while […]
U.S. Confirms Criminal Cases Against UBS Clients
New York Times – The United States is building criminal cases against more than 150 American clients of UBS as part of a crackdown on tax evasion now made easier by a deal over access to secret account information. U.S. […]