Category Archives: Syndicated
Fortis winds down three hedge funds
Fortis has closed three small hedge funds in the aftermath of its acquisition of part of ABN Amro and merger of the Belgian and Dutch banks’ asset management operations, according to a report in the Financial Times. The Fortis European […]
Hedge Funds Gone Wild
CNBC – Hedge funds have more control over stock prices than market and business fundamentals, Cramer said yesterday during Wednesday’s show, but now it looks like at least two companies are fighting back. Yesterday Cramer explained how massive hedge fund […]
Doubts Increase on Korea Hedge Fund Deregulation
BusinessWeek – Some participants in South Korea’s nascent alternative-investment market have grown pessimistic over the ability of incoming legislation to support the development of an onshore hedge funds industry. The Capital Markets Consolidation Act will become effective in February. It […]
Senate report: Investment banks helped foreigners evade millions in US stock dividend taxes
Los Angeles Times – Big Wall Street investment banks have designed and marketed schemes enabling non-U.S. taxpayers, including offshore hedge funds, to evade millions of dollars in taxes each year on U.S. stock dividends, Senate investigators have found. Some banks […]
Advent raises $560 mln for first PE fund in Japan
Reuters Tokyo – Global buyout firm Advent International said it has raised 60 billion yen (317 million pounds) for its first private equity fund in Japan. The fund, which opened its office in Tokyo in 2001, will target companies with […]
Fairfax claims victory after broker fires analyst
Globe and Mail – Fairfax Financial Holdings Ltd. is claiming a victory in a long-running legal battle with U.S. hedge funds after brokerage firm Morgan Keegan & Co. Inc. revealed on Wednesday it has fired an analyst embroiled in a […]
Shocker! Steve Jobs Blames It All on Hedge Funds
New York Times – To the ranks of chief executives who blame those terrible meanies who run hedge funds for their troubles — Jeffrey Skilling at Enron, say, or Jimmy Cayne at Bear Stearns, or Patrick Byrne at Overstock.com — […]
Pension plans need advice on hedge funds
Reuters – The U.S. Labor Department should provide pension plans with guidance on investing in hedge funds and private equity, a report issued by the Government Accountability Office (GAO) said on Wednesday. The report found that pension plans are investing […]
FUND VIEW-Evolvence wary on Gulf utilities, likes banks
Reuters HK – Gulf utility stocks should be approached with caution given their need for high capital investment in the next few years and limited pricing power, the manager of the Evolvence MENA Hedge Fund said on Wednesday. But shares […]
Getting Harder To Hedge
New York Post – Despite headlines about hedge funds that got decimated after making complicated bets on mortgages or energy, the most basic investment strategy of picking which stocks will rise and which will fall – known as long-short equity […]
Lehman, UBS Among Firms Involved in Tax Dodge, U.S. Probe Says
Bloomberg – Lehman Brothers Holdings Inc., UBS AG and Merrill Lynch & Co. are among Wall Street firms that concocted derivatives and stock-loan deals to help offshore hedge funds dodge hundreds of millions of dollars in U.S. taxes, according to […]
Medvedev demands action to lure funds into Russian mkt
Forbes – Russia’s government and central bank must act to lure additional funds into its financial market, President Dmitry Medvedev said on Thursday. "The government and central bank should undertake all necessary measures to ensure inflows of additional funds into […]