Category Archives: Syndicated
Fumble in the jungle: New Yorkers bid for elephant polo glory
AFP – They are the world’s unlikeliest contenders heading to Nepal for the world’s unlikeliest sport. Meet the New York Blue, America’s elephant polo team. Now elephants are hard to come by in New York. Large motor vehicles are not. […]
Galleria parent jumps after hedge fund investment
Bizjournals.com – Struggling General Growth Properties Inc., owner of the St. Louis Galleria and 200 malls nationwide, rallied Tuesday after disclosing an investment from hedge fund manager Pershing Square Capital Management LP. General Growth stock nearly doubled in morning trading. […]
Perot’s Parkcentral Fund Closes as Credit Freezes
Bloomberg – Parkcentral Capital Management LP, an investment firm that manages money for the family of former U.S. presidential candidate H. Ross Perot, is liquidating a fixed-income hedge fund because it’s “no longer viable.” Parkcentral Global Hub Ltd.’s assets fell […]
UBP sees ‘unique’ opportunities in hedge fund segment
GENEVA (Reuters) – Union Bancaire Privee (UBP) aims to reinforce its presence in the hedge funds segment as rivals feel the pressure from the prolonged financial crisis, a senior bank official said on Tuesday. "Only the best will survive and […]
Global Task Forces To Target Short Sales, Hedge Funds
EasyBourse.com – Global securities regulators have formed three task forces targeting short selling, hedge funds and unregulated financial trading, in an effort to take "urgent action" to coordinate responses to current market turmoil, Securities and Exchange Commission Chairman Christopher Cox […]
New Jersey drawing heat for hedge-fund foray
Washington Post – New Jersey’s pension fund is under fire over a series of hedge-fund investments, the Wall Street Journal said. New Jersey made the investments last month, to funds run by BlackRock Inc <BLK.N>, Canyon Capital Advisors LLC and […]
Hedge Funds Have Another $200 Billion to go to Complete Their ‘De-leveraging’
Money Morning – Hedge funds looking to slash their use of borrowed money may have to unload another $200 billion in assets to reach their objectives, a new study found, though a Money Morning expert believes the exit door could […]
Englander’s Millennium Funds May Lose $1 Billion to Withdrawals
Bloomberg – Millennium Partners LP, the $13.5 billion hedge-fund firm run by Israel Englander, plans to return $1 billion to investors who asked for their cash back by year-end, according to two people familiar with the matter. The redemptions, equal […]
John Key annoys local hedge fund managers
National Business Review – Hedge fund managers are the last people you’d expect new Prime Minister John Key to offend, considering he is a former investment banker wealthy enough ($50 million) to make NBR’s Rich List. But it appears we […]
Misunderstood hedge funds suffered in mid-match rule change
Times Online – Hedge fund managers are spivs and speculators, directly responsible for creating carnage in the world’s financial markets and threatening the future of high street banks. At least, that’s what some argue. But it is, emphatically, not true, […]
Hedge losses spurred Caisse selloff
Globe and Mail – The Caisse de dépôt et placement du Québec, hammered by losses on international holdings, has been forced in recent weeks to sell billions of dollars of stocks into a falling market. A fund that began the […]
Citi Prime Brokerage Singapore Head Leaves Co-Sources
CNN Money – In another sign the financial crisis is hitting Asia’s once booming hedge-fund industry, Alexis Fosler, the head of Citigroup Inc.’s ( C) prime brokerage team in Singapore has left the company, two people familiar with the situation […]