Category Archives: Syndicated
Tough times bring fund sector consolidation
LUXEMBOURG (Reuters) – A wave of mergers and acquisitions could sweep the fund management industry this year as players come under pressure from the market turmoil, said speakers at the Reuters Funds Summit. One leading hedge fund manager added that […]
Hedge funds shakeout could be over by June
Reuters – A shakeout of the hedge funds industry could be over by June 2009, with nearly half of firms likely to shut up shop, a leading hedge fund manager said. "The hedge fund bubble has popped and, unfortunately when […]
Yen Swap Spreads Near Record as Hedge Funds Stay Away, RBS Says
Bloomberg – Japan’s attempts to end financial turmoil failed to lure hedge funds back to its swap markets, leaving premiums paid by domestic borrowers near a record, RBS Securities Japan Ltd. said. Hedge funds, which lost more than $400 billion […]
Citi: Hedge Funds to Jump at Toxic Asset Opportunities
Private Equity Hub – Wealth managers at Citi are telling their clients to watch for a burst of hedge fund activity in bad assets. The wealth investor says in its most recent note that the biggest opportunity for hedge funds […]
Hedge funds seek to head off regulation
The Independent – Three major European and US hedge fund groups yesterday pledged to work towards worldwide best practice standards after G20 ministers outlined plans to regulate the freewheeling sector. The London-based Alternative Investment Management Association and US counterparts the […]
U.S. Fund Swindler Pleads Guilty to Jumping Bail
Reuters – Jailed Bayou hedge fund swindler Samuel Israel pleaded guilty on Monday to jumping bail in an episode in which he faked his own suicide last year in an attempt to avoid going to prison. Israel’s plea had been […]
Stanford Receiver, SEC Ask Judge to Bar Investors From Lawsuit
Bloomberg – Stanford Group Co.’s court-appointed receiver and securities regulators asked a U.S. judge to deny requests by hundreds of investors to join the regulatory lawsuit at the heart of an $8 billion fraud investigation. The receiver, Ralph Janvey, and […]
Hedge funds accept controls
The Columbus Dispatch – The hedge-fund industry, battered and humbled by the market downturn, no longer is planning to fight an increased role for government in regulating and inspecting the secretive investment pools. Opposition has melted away as the […]
G20 to discuss hedge fund crackdown
This is Money – ‘The big principle to come out of this is we have to care about things that are systemically important, and if necessary regulate them – and that includes hedge funds,’ said one UK official. It marks […]
From Hudge Fund Lord To Part-Time Reporter
Gawker – Ron Insana left CNBC three years ago to run a hedge fund. Like Lou Dobbs and Steven Rattner before him, he learned that actually succeeding in business is not as easy as covering success in business. So now […]