Category Archives: Syndicated

Bear Stearns defendants’ e-mail use ‘dumbfounding,’ lawyers say

Seattle Post- Incriminating messages allegedly sent by two ex-Bear Stearns Cos. hedge fund managers indicted on fraud charges that even sophisticated professionals disregard the dangers of putting sensitive information in e-mails, ex-prosecutors said. Ralph Cioffi, 52, and Matthew Tannin, 46, […]

Hedge funds lobbying with stealth

Politico.com- Sometimes in Washington, stealth is more important than strength. In recent years, hedge fund managers, who oversee those secretive and lightly regulated pools of billions of dollars of investment capital, have gotten increasingly worried about whether Washington will change […]

Allianz to launch fund of hedge funds

London Stock Exchange- Allianz Global Investors is mulling the launch of a listed hedge of hedge funds to be aimed at retail investors. The launch of the multi-strategy Peletier Absolute fund would mark the first time that small investors have […]

Strong wealth fund growth boosts UAE fiscal stability

Business24-7- When oil prices were as low as $10-20 a barrel two decades ago, the UAE seriously considered borrowing from the local market to finance its swelling budget deficit. But the plan was shelved in favour of painful spending cuts. […]

Hedge fund managers betting on plunge in bank shares

The Independent- The American hedge fund group Harbinger Capital Partners revealed that it has made a significant bet on HBOS’s price falling, while its UK counterpart GLG admitted it is targeting the rival mortgage bank Bradford & Bingley, as investors […]

‘Shorting’ hedge funds come out of the HBOS shadows

Scotsman- Mysterious global hedge funds which hope to profit from betting that the price of HBOS shares will continue to plummet emerged from the shadows yesterday. On the first day of new rules to bring greater transparency to "short selling", […]

Hedge fund arrests send chill through industry

Reuters – Pictures of hedge fund managers in handcuffs being led away to face fraud charges on Thursday have sent a chilling message to the $2 trillion (1 trillion pound) industry. The warning was clear: mind what you say in […]

Iraq Hedge Fund Up In May, Considers Soft Close

FINalternatives- Godvig Capital’s Iraq-focused Babylon Fund finished May up 2.7%, bringing its year-to-date gains to 5.2%. The fund’s portfolio included stakes in hotels, banks and breweries last month, according to portfolio manager Björn Englund, who said he has been solicited […]

Global Macro Fund’s Loss Is a Cloud in Sunny Sector

Wall street Journal- U.K. hedge-fund manager London Diversified Fund Management recorded a loss of 17% on its global macro fund for the year to June 6, a rare loss under what generally has been a successful strategy. Global macro funds […]

An Investcorp fund has won a top European hedge funds award.

Gulf Daily News- An Investcorp fund has won a top European hedge funds award. Investcorp Stoneworks Global Macro Fund won the best newcomer award at Hedge Funds Review’s European Performance Awards in London. The awards recognise leading hedge fund managers […]

Council Gets Set To Press a Tax on Hedge Funds

New York Sun- A majority of the City Council is backing a tax-the-rich plan that would require hedge fund and private equity fund partners to pay a city tax on income generated by investments, making it more likely to gain […]

INTERVIEW-Morningstar to cover India funds by early 2009

Reuters India- U.S. firm Morningstar Inc will expand its investment research coverage to Indian funds by early next year and hopes to hire 10-20 staff by March, a senior executive said on Monday. Morningstar, founded by its Chairman and Chief […]