Category Archives: Syndicated
N.Y. judge restrains Merkin funds in Madoff lawsuit
Boston Globe – A judge extended an order on Tuesday barring hedge fund founder Ezra Merkin from shutting down funds that had invested with accused swindler Bernard Madoff or withdrawing money from them. New York State Supreme Court Justice Richard […]
Daiwa drops big fund plan after Blackstone talks fail
Reuters – Daiwa Securities Group Inc, Japan’s second-largest brokerage, said that it would drop its plans for a large private equity fund after talks with Blackstone fell through. Daiwa had been in talks with private equity firm Blackstone Group LP […]
Tate & Lyle hurt by rumours of hedge fund share sale
Financial Times – The London market’s new year bounce continued into a fifth session, but Tate & Lyle missed the trend. Tate lost 8.5 per cent to 386¼p amid speculation that Harbinger, its second-biggest shareholder, might have to sell to […]
Hedge Funds Will Be Ruined by Withdrawal Limits:
Bloomberg – Looking for a new definition of a hedge fund? How about an organization that takes 20 percent of the profits on your money in the good times, then refuses to let you have it back when the weather […]
Asia stocks at 2-month high
Reuters – Asian stocks rose to a two-month high on Monday, with expectations for a global economic recovery later this year on the back of massive government spending prompting investors to wade back into riskier assets. Regional equities have risen […]
Fed, ECB prepare to tackle deflation head-on
Reuters – Officials from the Federal Reserve and the European Central Bank on Sunday vowed to fight the damaging effects of deflation as the global economy suffers a deep and lengthy recession. In just a few months, central bankers’ concerns […]
Survivors to Benefit from ‘Hedge Fund Industry Life Cycle’
AllAboutAlpha.com – Critics of hedge funds often argue that industry growth has had two negative side-effects: firstly, that less-skilled managers have been attracted to the sector and second, that the number of alpha-generating opportunities has not kept pace with asset […]
Chicago hedge fund buys 5.7 percent stake in ADC
Bizjournals.com – Citadel Investment Group, a Chicago-based hedge fund, has spent $33 million to buy a 5.7 percent stake in ADC Telecommunications Inc. The deal makes Citadel the second-largest holder of Eden Prairie-based ADC’s stock and sent the company’s shares […]
Hedge funds bet on regulations
The Washington Times – Hedge-fund managers say Bernard L. Madoff may succeed where Christopher Cox failed: forcing regulation of their $1.5 trillion industry. Mr. Madoff’s purported bilking of investors by up to $50 billion begins to uncover a part of […]
Seven investor group to buy IndyMac at $13.9b
Saudi Gazette – A seven-member investor group including billionaire George Soros and Dell Inc. founder Michael Dell have agreed to purchase failed lender IndyMac Bank, one of the largest casualties of the housing bust, for $13.9 billion. IndyMac, which specialized […]