Category Archives: Syndicated
Hedge fund Yorkville spies gap in loans market
Reuters – Yorkville Advisors, a $1 billion hedge fund, said it is stepping into the lending vacuum left by banks as it provides struggling firms with loans for up to two years, typically in the $5 million to $40 million […]
GPIF says alternative investments need closer study
Guardian Unlimited – Japan’s public pension fund, the world’s largest, said on Thursday it needs a deeper study of diversifying into alternative investments, such as hedge funds and real estate, after seeing the asset class hit by the financial crisis. […]
Hedge fund head ‘cooperative’ in Madoff probe
Reuters – Hedge fund founder Ezra Merkin is being cooperative with New York state’s top legal officer in its investigation of three funds as part of the probe into accused swindler Bernard Madoff, officials said on Wednesday. New York Attorney […]
Hedge funds manager’s girlfriend pleads guilty to helping him flee
CNN.com – The girlfriend of a convicted hedge fund manager who disappeared last year, leading to speculation that he had committed suicide rather than report to prison, pleaded guilty on Tuesday to helping him, according to federal prosecutors. Debra Ryan […]
Hedge Funds Post First Back-to-Back Gain in 8 Months
Bloomberg – Hedge funds posted their first back- to-back gain in eight months in January, rebounding from record losses in 2008 as North American managers benefited from betting stocks would fall, an industry report showed. The Eurekahedge Hedge Fund Index, […]
Brazil Braces for Hedge-Fund Manager Import: Alexandre Marinis
Bloomberg – Brazil’s main airports are filled with the country’s fastest-growing import: Brazilians returning home after losing their jobs in the U.S., Japan and Europe. They left their homeland for jobs in more developed countries years ago, and sent some […]
Amaranth, Perella Were Victims of Dreier’s Fraud, US Says
Bloomberg – The victims of Marc Dreier, the New York lawyer charged in a $400 million fraud, included Amaranth Group Inc., Perella Weinberg Partners and Blackstone Group LP’s GSO Capital Partners, U.S. prosecutors said. Government lawyers identified the firms in […]
Clarke loses hedge fund job as credit crunch hits politicians
guardian.co.uk – The shadow business secretary, Kenneth Clarke, has become the latest victim of the credit crunch after losing his job on the board of a hedge fund, the Guardian has learned. Clarke, who was parachuted back on to the […]
Hedge Fund Haven to Tighten Rules
Street.Com – Financial authorities on the Cayman Islands are promising a legislative crackdown to bolster investor confidence in the post-Madoff era. But while the Caymans — long a hedge fund haven due to tax advantages and light regulation — may […]
Wall Street Journal: US to Use Hedge Funds to Loosen Credit
istockAnalyst.com – Yet another story from the department of "I would not believe it unless I saw it with my own eyes" we continue down the path of unintended consequences and the ole run around. There must be some Puritan […]
Hedge-Fund Managers Help Raise $1.7 Million at Downsized Gala
Bloomberg – The annual Hedge Funds Care benefit – – backed by Kenneth Tropin and Michael Vranos — will downsize from a black-tie dinner to a cocktail party tomorrow night in New York. The nonprofit, which aids child-abuse prevention programs, […]
SEC enforcement chief Linda Thomsen resigns, replacement not named
Lethbridge Herald – The top cop at the U.S. Securities and Exchange Commission is leaving the government less than a week after receiving an angry dressing-down before Congress over the agency’s failure to detect a massive alleged fraud scheme. The SEC […]