Category Archives: Syndicated
Goldman says partners hit by margin calls
Reuters – Goldman Sachs Group Inc said several partners must cover margin calls triggered by the depressed value of Goldman stock and many of the firm’s hedge funds, but the bank denied it is lending money to its executives. "Partners […]
Soros Management Fund Increases Stakes in Petrobras, Potash
Bloomberg – Billionaire investor George Soros’s hedge-fund firm bought more shares of Petroleo Brasileiro SA and Potash Corp. of Saskatchewan Inc. in the fourth quarter, almost doubling its holdings. Soros Fund Management LLC bought 16 million shares of the Petrobras’ […]
Hedge-Fund Firms Pressed to Consolidate After Losses Erode Fees
Bloomberg – Mohammed Syed has spent the past seven years scouting out the best hedge-fund investments for clients of his Axiom Fund Manager Ltd. Now, he’s seeking to expand the $100 million he oversees by acquiring rivals. “I am looking […]
Harbinger Continues Cablevision Sell-off
Multichannel Online – Harbinger Capital, the hedge fund that caused a stir last year when it began buying large blocks of Cablevision Systems shares, continued a sell-off of the stock that began earlier this year, reducing its holdings in the […]
US fund takes 35% stake in stricken Countrywide
Times Online – Oaktree Capital Management, a specialist investor that targets heavily indebted companies owned by buyout groups, has sealed its first big investment in Britain. The American-based Oaktree, which has just under €1.8 billion (£1.6 billion) to spend on […]
Ron Insana Strikes Out At SAC Capital
StreetInsider.com – Former CNBC news anchor Ron Insana reportedly will be leaving Stevie Cohen’s SAC Capital. This move should all but put an end to Insana’s foray into the hedge fund world. Ron Insana decided to leave SAC Capital only […]
Cost of protecting Japan govt debt hits record high
Forbes – The cost of protecting Japanese government debt against default has risen sharply as political uncertainty and worries about the nation’s fiscal position grew after data this week highlighted the depth of recession in the world’s second-biggest economy. But […]
What kids say about hedge funds
Mail Online – IT’S where a hedgehog lives. MAY, six A hedge fund is a money-hedge and we have one at the bottom of our garden. SAM, six I’VE seen a hedge fund before. They have one at the hospital, […]
Funds expect 2009 growth in life insurance trading
Reuters – Fund managers who buy U.S. life insurance policies to cash in the death benefits have predicted a bumper year in 2009 as investors seek uncorrelated alternatives to mainstream markets. Supply is also is expected to increase as more […]
Hedge fund worker faces jail for attack on stranger
This is London – Colin Sharpe, 31, disgraced himself at the West End charity ball by making a pass at Joe Delvaux’s wife. When Mr Delvaux, 28, stepped in to defend her, Sharpe smashed a beer bottle over his head, […]
HK’s Bank of East Asia posts first loss in four decades
Forbes – Bank of East Asia, Hong Kong’s fifth-largest lender, posted a bigger-than-expected second-half loss and slashed its dividend, after selling a debt portfolio at a steep loss. The bank (BEA), which reported its first half-year loss since the 1960s, […]
Ackman’s hedge fund for Target falls 40%
Birmingham Business Journal – The hedge fund created by activist investor William Ackman to buy up shares of Target Corp. lost 40.1 percent of its value in January, according to a Bloomberg News report. Since creating the fund, called Pershing […]