Category Archives: Syndicated
Euro shares rise for 5th session
Business Spectator – European shares jumped for a fifth straight session on Monday, led higher by financials, as investor sentiment improved following further assurances over the health of the US banking sector. At 0948 GMT, the FTSEurofirst 300 index of […]
Hedge Fund Corporate Welfare
TPMCafé – Last November, Ken Griffin told investors in his Citadel Hedge Funds that they couldn’t withdraw their money, but he was still going to charge a 2% management fee on their trapped funds. Oren Kramer a rival hedge fund […]
Financial watchdog out to clip the hedge funds
Times Online – Secretive hedge funds will eventually be subject to the same supervisory rules as banks, under a tightening of Britain’s system of regulation. The changes, which will require banks and other lenders to build up their reserves in […]
Fortress Investment has bigger quarterly loss
Reuters – Fortress Investment Group LLC , one of the few publicly traded U.S. alternative asset managers, said on Monday its quarterly loss more than quadrupled, hurt by writedowns in some private equity funds. The net loss was $140 million, […]
Survey: Investors gloomy over hedge funds
Norwalk Advocate – It could be six months to a year before major investors start pumping money back into the market, according to a survey by Quinnipiac University and Greenwich Roundtable, which represents hedge fund investors who control or manage […]
For Laid-Off Singapore Expats, Home Is Where They’re Hiring
Time – On the northern fringe of Singapore, overlooking the slate-gray waters of the Johor Straits, the public-housing estate where Anthony Fulwood lives is so far from the city’s affluent expatriate enclaves that cab drivers are stunned when he announces […]
Should Jon Stewart Be The Financial Journalist Who Exposes TheStreet.com’s Jim Cramer?
Market Rap – On his program, Jon Stewart played a Jim Cramer video from "Wall Street Confidential" done for the internet in 2006, where Cramer admitted to spreading rumors and manipulating markets as part of the "game". It was a […]
Solon-based Agilysys settles dispute with hedge fund operator
The Plain Dealer – Solon software company Agilysys Inc. has settled its differences with New York hedge fund operator and investor Ramius LLC by appointing two Ramius associates to its board of directors. The action, which Agilysys announced this week, […]
Hedge funds to jump at toxic asset loans
Stuff – 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 is probably around […]
High-flying fundraisers who saw nothing wrong
Guardian Unlimited – Andres Piedrahita, a London-based fundraiser for Bernie Madoff’s fraudulent empire, is among high society figures facing increasing pressure to explain how they missed warning signs around the disgraced hedge fund manager. Piedrahita, who has homes in Belgravia, […]
UBP Makes Offer to Madoff Victims
New York Times Blogs – Swiss private bank Union Bancaire Privée, one of the largest European hedge-fund investors, offered Thursday to buy back $700 million of its clients’ Bernard L. Madoff-related investments at half what they originally paid. The bank, […]
SEC draws flak for decision to contact (hedge fund) clients directly
Wealth Bulletin – The Securities and Exchange Commission’s decision to expand its examination of advisory firms to include contact with clients has irked the advisers, according to an investmentnews report. The advisers fear that their clients might panic and get […]