Category Archives: Syndicated
GM in line for another $5B
Cape Cod Times – General Motors Corp. could get as much as $5 billion more in federal loans, while Chrysler LLC could get $500 million as they race against government-imposed deadlines to restructure, according to a government report filed yesterday.The […]
Socialists warn Barroso over hedge fund regulation
EurActiv.com – A draft EU proposal to regulate hedge funds and private equity, due to be unveiled next week, was criticised for being too weak by Socialist leaders, who branded the text a "major political mistake" ahead of European elections in June. The main issue raised by the […]
Return of the Nineties fund superstar
This is Money – A star fund manager who made thousands of pounds for investors in the Nineties is set for a comeback. William Littlewood was at the helm of the Jupiter Income fund which increased investors’ savings by 600%. This week, […]
UK’s Lloyd’s plans bond buyback at big discount
Guardian.co.uk – Lloyd’s of London, the specialist insurance market, has offered to buy back up to 100 million pounds ($145 million) worth of bonds at a hefty discount. The offer applies to fixed/floating rate subordinated notes due 2024 and subordinated […]
Morgan Stanley AIP Raises $1.14 Billion for New Fund
American Chronicle – Morgan Stanley Alternative Investment Partners has raised $1.14 billion in commitments for its new private equity fund of funds, Morgan Stanley Private Markets Fund IV. The capital raised for the new fund represents a nearly 15% increase […]
Unions say they lost $1B
Albany Times Union – A group of upstate unions claims it lost nearly $1 billion in pension and other benefit funds after an investment manager placed the money with Bernard Madoff Investment Securities LLC. Now, the unions have filed a […]
Hedge Fund’s Book May Have Fallen 75%, FRM’s Tomlinson Says
Bloomberg – Assets owned by hedge funds including borrowings may have fallen by 75 percent to a decade- low, with less competition paving the way for better returns, said Blaine Tomlinson, chairman of Financial Risk Management Ltd. The total book […]
Japan pension funds cut domestic stock holdings
Reuters – Japanese corporate pension funds have been cutting their domestic stock holdings and buying more domestic bonds to avoid risky bets amid financial turmoil, a JP Morgan Asset Management survey showed on Tuesday. Pension funds on average lost about […]
Algebris fund sells Generali stake-report
Interactive Investor – Activist hedge fund Algebris has sold its stake in Italian insurer Assicurazione Generali SpA , a newspaper said on Tuesday, but a financial source said Algebris would attend the shareholder meeting this week. Algebris head Davide Serra […]
Bankruptcy judge approves Magna Entertainment financing
CJBK – A bankruptcy judge on Monday agreed to grant final approval of a modified financing plan for horse-track owner Magna Entertainment Corp. (TSX:MEC.A). Ontario-based Magna Entertainment is the largest horse track owner in the United States. Its holdings include […]
Fossella’s next act unfolding at Manhattan financial firm
SILive.com – The "next chapter" of former GOP Rep. Vito Fossella’s life is unfolding at a financial firm in Midtown Manhattan that offers hedge fund-style investments to ordinary Joes, the Advance has learned. The company is run by a high-flying, […]
Schemes increasing allocations to non-traditional assets
Professional Pensions – European schemes are increasing their allocation to non-traditional asset classes in a bid to manage their risks more effectively, Mercer says. The consultant’s European Asset Allocation Survey – which polled around 1000 schemes from 11 countries – […]