Category Archives: Syndicated
Man Group’s Assets Increase 4.5% to $71.7 Billion
Bloomberg – Man Group Plc, the world’s largest publicly traded hedge fund manager, said assets under management rose 4.5 percent in the last three months of 2007 as investors added money at the slowest pace in 15 months. Man Group […]
Some Bear hedge funds perform well despite turmoil
Reuters – Not all Bear Stearns hedge funds are suffering, despite the collapse of two last summer that resulted in losses of $1.6 billion (800 million pounds), results over the last week suggest. The Bear Stearns Emerging Markets Macro Fund, […]
Hedge portfolio fundraisings to thrive in tough 2008
LONDON (Reuters) – UK listed funds may be struggling to raise money in the wake of the credit crisis, but funds of hedge funds could thrive in 2008 as investors hunt for returns through all market conditions. Recent stock market […]
Hedge funds fight Northern Rock board for small investors
Independent.co.uk – Northern Rock and its two biggest shareholders are battling for the votes of small investors who could decide the outcome of the bank’s extraordinary general meeting next week. Individual investors rarely decide votes at company meetings, which are […]
FSA Decides Against Improving Commodity Transparency
Bloomberg – The Financial Services Authority, the U.K.’s markets regulator, said it won’t require hedge funds to disclose their holdings in London’s commodity markets. The FSA said in June that it may publish reports like those from the U.S. Commodity […]
Blackstone to Acquire Hedge-Fund GSO for $930 Million
Bloomberg – Blackstone Group LP, the world’s largest leveraged-buyout firm, agreed to buy hedge-fund manager GSO Capital Partners LP for $930 million in cash and stock to increase credit investments as LBOs dry up. GSO, founded by former Credit Suisse […]
More Hedge Funds Means More Activists, Report Finds
New York Times Blogs – Thanks mainly to a rise in the number of hedge funds players in the field, activist investors in the United States increasingly bared their teeth last year. The number of activist campaigns rose 17 percent […]
Sarkozy vows to defend France against wealth funds
Reuters – President Nicolas Sarkozy vowed on Tuesday to protect French businesses from sovereign wealth funds and private speculators and urged a state bank to roll up its sleeves and help France defend its industrial interests. Sarkozy’s appeal came months […]
Ice Maker in Talks With Hedge Fund on New Buyout Terms
New York Times – Reddy Ice Holdings, a producer of packaged ice, said Wednesday that it was in talks to revise a $1.1 billion deal to be bought by a hedge fund, GSO Capital Partners. The deal was called into […]
Bear Stearns Shuts Asset-Backed Hedge Fund After Loss
Bloomberg – Bear Stearns Cos., the fifth-largest U.S. securities firm, is closing a hedge fund that invested in asset-backed securities, abandoning a salvage plan after the fund plummeted at least 39 percent last year. The Bear Stearns Asset Backed Securities […]
Ritchie Capital defends hedge fund, warns investors legal action could ‘damage value’
Chicago Tribune- A week after some investors tried forcing it into bankruptcy, Lisle-based Ritchie Capital defended management of its multi-strategy hedge fund and warned other investors that the group’s legal action could “cause further damage to the value of your […]
A Hedge-Fund Mystery
CFO.com- Last August was a bad month for the hedge-fund industry. According to fund tracker Barclay Hedge Ltd., about 75 percent of the 2,600 or so hedge funds that reported results for the month showed a loss, of about 1.4 […]