Category Archives: Syndicated
Gendell’s Tontine Partners Raises Money For New Hedge Fund
Nasdaq.com – Jeffrey Gendell of Tontine Partners LP, who is closing two of his hedge funds after steep losses, has raised money for his new Tontine Total Return Fund, according to regulatory filings. The Tontine Total Return fund, which Gendell […]
Hedge fund manager Singer wants limits on leverage
Reuters – Aggressive government action can hurt the market, but regulators should clamp down on excessive borrowing by banks and investors to prevent another credit crisis, veteran hedge fund manager Paul Singer said at a conference. Singer said the current […]
Pimco’s Gross Says Harvard, Yale May Need to Alter Investments
Bloomberg – Yale University and Harvard University may have to cut investments in hedge funds and private equity because the risks of holding the hard-to-sell assets outweigh the returns, said Bill Gross, co-chief investment officer of Pacific Investment Management Co. […]
It’s Thankless, but He Decides Madoff Claims
New York Times – The Ponzi scheme’s victims denounce him as cold-hearted, dishonest and just plain wrong No, they are not describing Bernard L. Madoff, the author of the fraud that has ruined their lives. They are criticizing Irving H. […]
Hedge Fund Is Dissolving as It Faces 2nd Inquiry
New York Times – In the rarefied world of hedge funds, he is one of the greats — a stock-picker who managed to make money, bull market or bear, for more than two decades. But on Wednesday, Arthur J. Samberg […]
AIMA To Mobilise Hedge Fund Industry On EC Directive
West Palm Beach (HedgeCo.net) – The Alternative Investment Management Association (AIMA), announced plans to mobilise the world’s hedge fund industry on the European Commission’s draft directive for Alternative Investment Fund Managers. “There are provisions in this directive with potentially serious […]
Einhorn calls AAA rating a curse, shorts Moody’s
Marketwatch – David Einhorn, head of hedge-fund firm Greenlight Capital, called AAA credit ratings a curse and said he is betting against rating agency Moody’s, during a speech at a closely watched investment conference on Wednesday. Einhorn said that many […]
Sports Direct sells JJB stake
Belfast Telegraph – Mike Ashley’s Sports Direct International has offloaded its 4.8% directly-owned stake in struggling rival JJB Sports, it was revealed today. Speculation was mounting over the identity of the buyer after the Sports World parent sold 11.9 million […]
Hedge fund Pequot closing as probe back in spotlight
Boston Globe – Prominent hedge fund firm Pequot Capital told investors on Wednesday it will shut down because of a reopened government probe into possible insider trading. "Public disclosures about the continuing investigation have cast a cloud over the firm […]
Hedge fund giant eyes a bounceback
Evening Standard – This year could see the bounceback of the hedge fund industry after a pretty disastrous 2008, Peter Clarke , chief executive of the world’s largest publicly quoted hedge fund manager Man Group , said today. But news […]