Category Archives: Syndicated
Hedge Funds join the rally on Wednesday
Reuters India – New Vernon Bought stakes in Indage Vitners and Orbit Corp. Deutsche Sec bought 11% into UB Group. Private equity and hedge funds seem to be playing their parts in the brief rally that the Indian stock markets […]
Former hedge fund manager remains held
Miami Herald – A former hedge fund manager accused of swindling investors of nearly $200 million will remain held in federal custody. An attorney for Won Sok Lee sought a continuance for his arraignment Friday so Lee can obtain a […]
Meiji Yasuda to cut unhedged foreign bonds
Interactive Investor – Japan’s Meiji Yasuda Life Insurance Co said on Monday it planned to cut its unhedged foreign bond holdings while increasing its hedged foreign bond holdings this business year to offset currency risks. The nation’s third-largest life insurer […]
Church Pension fund opens shop in Asia
Reuters – India Church Pension Fund has invested in Future Group backed Indivision India, Advantage Partners and IDG Accel China. The $8 billion Church Pension Fund based in New York City has roped in Eric Mason(ex-Carlyle Group), to open a […]
IOSCO to outline new role of regulators at conference
Jerusalem Post – While the recent G-20 summit in London provided world financial leaders with the opportunity to begin charting a path of recovery for the ailing global economy, the work to build the markets up and to ensure that […]
Former chairman of GM financial arm charged in Madoff-related fraud
WSWS – New York State Attorney General Andrew Cuomo on Monday charged J. Ezra Merkin, a multi-millionaire hedge fund manager and former chairman of GMAC Financial Services, the financial arm of General Motors, with bilking investors out of $2.4 billion […]
The hedge fund industry saw steep declines last year. Just not these folks
Forbes – You’d be hard pressed to find anyone but limousine drivers and beaten-down investors shedding tears for the end of the hedge funds’ golden age. The average hedge fund lost 18% last year, and one in seven shut its […]
Investcorp plans $500 mln U.S. property debt fund
Reuters – Bahrain- and London-listed investment house Investcorp INVB.BH plans to set up a fund worth up to $500 million to invest in U.S. real estate-related debt, its managing director said on Thursday. Investcorp’s Managing Director Khalid al-Rumaihi told Reuters […]
Vulture investors are looking for prey
CNN Money – They pray for recessions and smile a little wider when a company climbs onto its death bed. Welcome to the world of distressed, or so-called "vulture" investors, an often-ignored corner of the market that has increasingly taken […]
Only 32% Mena-based SWFs invest in region-focused hedge funds
Zawya.com – Although nearly half of all sovereign wealth funds (SWFs) are based in the Middle East and North Africa region, only 32 per cent of them invest in Mena-focussed hedge funds, new data has revealed. Almost all of the […]
Hedge fund fraudster to pay $2.78M
Bizjournals.com – A Massachusetts federal court has ordered a British man to pay $2.78 million in restitution, interest and penalties for orchestrating a scheme to defraud more than 60 investors who invested in his phony hedge fund operation based in […]