Category Archives: Syndicated
Brazil’s Top Hedge Fund Says Real Rally Almost Over
Bloomberg – Most of the gains in Brazil’s currency and interest-rate futures markets this year are over, said Beny Parnes, chief strategist at BBM Gestao de Recursos Ltda., manager of Brazil’s top-performing hedge fund. BBM pared back leveraged bets that […]
Madoff victims sue his family for $45m
CityWire.co.uk – Bernard Madoff’s wife Ruth is being sued for $44.8 million (€31.9 million) by the trustee for the victims of his $50 billion Ponzi scheme. Court-appointed trustee Irving Picard is the first person to take action against Madoff’s family members, […]
SRM Global loses Northern Rock compensation appeal
Times Online – SRM Global, the hedge fund that became the largest shareholder in Northern Rock, said yesterday that it would continue its fight for government compensation after losing its second legal challenge. The fund, which owned 11.5% of Northern […]
More European hedge funds to launch
Reuters – Fundraising by new European hedge funds may be picking up, according to an industry survey, after hitting a record low in a first half of the year overshadowed by the Madoff scandal. The survey, released on Monday by […]
Highland Fund Sued by Schulte Roth for $2.83 Million
Bloomberg – Highland Capital Management LP, the Dallas-based investment firm that’s liquidating its main hedge fund, was sued by attorneys Schulte Roth and Zabel LLP for allegedly not paying $2.83 million in legal fees. The New York-based law firm initiated […]
Is a new bubble being formed?
European Voice – Europe may be laying the foundations for the next financial bubble, through its monetary, industrial and regulatory policies. In the midst of the worst crisis in half a century, it is easy to forget that the real […]
TCI Loses More Than Face as Japan Says No to Foreigners Playing
Bloomberg – It was a crisp autumn day in November 2005 when hedge fund manager John Ho entered the half- century-old Electric Power Development Co.’s headquarters in Tokyo, betting that Japan’s corporate attitudes were ripe for change. Ho, then director […]
Hedge fund firm RAB says assets fall 32 percent
Forbes – Hedge fund firm RAB Capital said on Wednesday that assets under management fell 32 percent in the six months to June but said clients had started putting money into its single strategy funds since April. The firm said […]
RAB says clients returning to some hedge funds
Reuters UK – Hedge fund firm RAB Capital said on Wednesday that clients had started putting money back into some of its funds helped by a recent upturn in performance, adding to signs the industry may be recovering. The firm, […]
Lansdowne halts investments in fund
Reuters UK – Lansdowne Partners, one of the country’s largest hedge fund managers, has stopped accepting investments in its flagship fund with several other big funds set to follow suit, according to the Financial Times. It said the 4.9 million […]