Category Archives: Syndicated
Citadel Investment Seeks $1 Billion for Global Macro Hedge Fund
Bloomberg – Citadel Investment Group LLC, the Chicago-based asset-management firm founded by Kenneth Griffin, is seeking about $1 billion for a new global macro hedge fund, according to a person with knowledge of the matter. The fund is set to […]
Temasek may invest more in Western banks
Reuters – Singapore sovereign wealth fund Temasek Holdings, which has pumped billions of dollars into ailing lenders such as Merrill Lynch, said it may invest more in Western banks if the opportunity arose. The fund also said its assets rose […]
Hedge funds circle Scottish & Southern
Guardian Unlimited – Hedge funds are buying into power supplier Scottish & Southern Energy in hopes of a bid for the company, currently valued at over £12bn. The latest fund to have bought shares is Centaurus, headed by Frenchman Bernard […]
MILTON BROS. FEEL HEAT ON FUNDS
New York Post – The heat is getting turned up under Alan and Philip Milton, the brother team that runs Greenwich-based Windmill Management and its embattled SageCrest hedge funds. A lawyer for an investor in the SageCrest II hedge fund […]
Hedge Funds Lower Bets on Rising Stocks, Goldman Report Finds
Hedge funds reduced their bets in the past year that U.S. stocks would gain as the Standard & Poor’s 500 Index declined and credit conditions tightened, Goldman Sachs Group Inc. said. Such wagers accounted for 32 percent of funds’ equity […]
Insana Capital Partners ‘Legends’ Hedge Fund To Close
Seeking Alpha – CNBC’s Ron Insana is folding the tent on his Insana Capital Partners L.P. hedge fund called "Legends." On August 8, 2008 sent a letter to his investors to announce they were closing shop and taking a job […]
Hedge investors on cautious tack in choppy markets
Reuters UK – Funds of hedge fund portfolios are battening down the hatches in the current volatile markets by building up cash or steering clear of strategies with too much exposure to market movements. With returns in the hedge fund […]
Developing markets ideal for hedge funds
Gulf Daily News – Developing markets are fertile ground for hedge funds, if the funds have experienced managers, according to Paulson and Company founder and chief executive officer John Paulson."Underdeveloped markets are less efficient and create more opportunities," Mr Paulson […]
Breaking even becomes hedge funds’ mantra
Globe and Mail – Joe E. Lewis, the late American nightclub comic and inveterate horse player, once quipped: "I hope I break even. I need the money." That could very well become a mantra in the hedge fund world, where […]
Court lets NJ invest pension money in hedge funds
Newsday – A state appeals court has allowed New Jersey to move ahead with a plan to invest some state pension money into hedge funds. The court ruled Friday, rejecting a challenge by the Communications Workers of America and the […]
Hedge Funds Take Huge Loss as Mood Swings
Financial-Planning.com – Many alternative asset managers, who brag about their ability to make money regardless of market conditions, posted their worst figures in years last month after worldwide sentiment suddenly changed on energy prices, financial stock and the U.S. dollar. […]