Category Archives: Syndicated
Hobbling hedgies and bashing buyout boys
BBC – In much of continental Europe, there’s a widespread belief that hedge funds and private equity firms caused the global economic crisis. Which is presumably one reason why the European Commission wants much tighter regulation of both the hedgies […]
Integrated changes tack with deal to sell hedge funds
Reuters – Integrated Asset Management said on Wednesday it is repositioning as a pure play brokerage business after agreeing to sell a 51 percent stake in its French fund of hedge funds business. The firm, listed on London’s AIM market, […]
Former JPMorgan execs to launch Greater China fund
Reuters – Three former executives at JPMorgan Asset Management plan to launch a Greater China hedge fund via a start-up in Hong Kong, tapping rising investor demand for Asian equities amid the global financial crisis. "Greater China may be the […]
City hits out at EU hedge fund proposal
Times Online – The role of the City of London as one of the world’s preeminent financial centres came under attack for the second time in two weeks yesterday, this time from proposed EU rules for private equity and hedge […]
Billion pound council pension fund in hedge bet
Reuters – Berkshire County Council’s 1.05 billion pound pension fund has made a decisive move into hedge funds as part of a new 17.5 percent allocation of assets to alternative investments. The scheme has decided to allocate 7.5 percent to […]
Fairfield Greenwich Accuses Regulator of Madoff-Case Distortion
Bloomberg – Fairfield Greenwich Group, the hedge fund that lost $7 billion invested with Bernard Madoff, accused a Massachusetts regulator of “factual distortions” and told a judge that it closely monitored its investment. The firm said yesterday it filed court […]
Chrysler debt offer raised, holdouts targeted
Reuters – The U.S. Treasury raised its offer by $250 million (168.9 million pounds) in debt restructuring talks with Chrysler lenders on Wednesday as part of a final push to win over lenders holding out for better terms and avoid […]
The Importance Of Paying Citigroup Bankers Bonuses
24/7 Wall St. – Citigroup has gone to the Treasury to beg for bonuses for some of its most important traders, people who make the banks extraordinary amounts of money. The Treasury’s reaction will probably be that it wants to […]