Category Archives: Syndicated
UK hedge fund GAM tightens redemption controls
Reuters – British fund manager GAM on Wednesday said it had moved to restrict investor redemptions to once a quarter rather than once a month in its funds of hedge funds amid turmoil in the industry. A spokeswoman for GAM, […]
UBP wants independent hedge fund administrators
Reuters – Swiss private bank Union Bancaire Privee (UBP) may pull client money out of hedge funds unless they set up independent administrators, the Financial Times said on Wednesday. The Geneva-based bank, one of the world’s largest investors in hedge […]
Asian hedge funds step in as global players flee
Forbes – The investment banks and global hedge funds that are the usual buyers of debt and equity in struggling Asian companies have largely fled the market, leaving the distressed asset space to home-grown investors. Local players with the cash […]
Hedge Fund Tracking: Barry Rosenstein’s Jana Partners
Seeking Alpha – Jana was recently ranked 79th in Alpha’s Hedge Fund Rankings. Jana was founded in 2001 and typically employs activist, market neutral, and long/short equity strategies in public equity markets. Rosenstein received his B.S. from Lehigh University and […]
Attorney paid cohorts to help execute swindle
New York Daily News – Disgraced Park Ave. lawyer Marc Dreier gave fellow scamsters $100,000 to impersonate others in calls to victims, Manhattan federal prosecutors said Tuesday. The new details emerged at a bail hearing for former broker Kosta Kovachev, […]
Fund manager found dead after Madoff losses
Times Online – A French investment manager who entrusted $2.1 billion (£1.42 billion) with Bernard Madoff was found dead in New York yesterday. Thierry de la Villehuchet is thought to have committed suicide. He was found early yesterday morning in […]
Hedge funds can now borrow from Fed
FierceFinance – The government is committed to keeping the wheels of consumer credit greased. To that end, it has launched a $200 billion effort to support the market for consumer receivables. The Fed announced it will "offer low-cost three-year funding […]
Clinton Foundation Got Big Lift From Hedge Funds
New York Times Blogs – Bill Clinton has plenty of friends in high finance. Lifting a longstanding cloak of secrecy, the former president last week released a complete list of about 208,000 donors to his foundation as part of an […]
Wall Street slips on earnings risks
The Australian – US stocks fell as another drop in oil prices and a warning from Toyota Motor underscored the unsparing nature of the slowdown. Toyota forecast an operating loss for the current year, the first in the car maker’s […]
Investors Dip Their Toes Back Into Stocks
Wall Street & Technology – Global investors boosted their equity holdings for the second month running in December and cut bonds, thanks to signs of stabilising stock markets and tumbling government bond yields, Reuters polls showed on Monday. Surveys of […]