Category Archives: Syndicated

Hedge funds seek injunction to stop Mittal Arcelor merger

THE HAGUE: Three hedge funds on Wednesday asked a Dutch court to block the merger between steel giants Mittal Steel and Arcelor because the companies changed their originally announced share exchangeratio. SRM Global Master, Trafalgar Catalyst and Trafalgar Entropy argued […]

Goldman Global Equity Hedge Fund Rises 12% After Cash Infusion

Bloomberg- Goldman Sachs Group Inc.’s Global Equity Opportunities hedge fund rose 12 percent last week after the securities firm shored up the money-losing pool with $3 billion of cash, investors said. Assets more than doubled to $7.5 billion as New […]

Resurrection of a hedge fund

 Financial Times- Hedge fund managers like to brag about the “Darwinian selection” that kills off their less successful brethren and helps the best-performing to grow rapidly. But evolution is hardly the word to describe changes the hedge fund arm of […]

EC accused of complacency over hedge funds

London Stock Exchange- Criticism has been levelled at the European commission (EC) over alleged complacency over hedge funds, with critics claiming that the commission is not doing enough to regulatethe sector. These calls have come from trade union members who […]

Hedge Funds Eye Shareholder Moves

CNNMoney.com- Some hedge funds with heavy exposure to complicated, often illiquid securities likely are in for a rough ride in the next few months if investors take out their money. Many funds’ returns have suffered. Heavy redemptions can deepen losses. […]

Unions Slam Brussels Over Hedge Funds

BusinessWeek- The European Commission was on Monday (20 August) accused of “monumental complacency” by trade unions for not doing more to regulate hedge funds. The European Trade Union Confederation (ETUC) lashed out at Brussels and EU internal market commissioner Charlie […]

Volatile Markets Spook Money Centers

Wall Street Journal- For the past two years, financial institutions fueled the robust office markets of New York and London. Rental rates soared to record highs as hedge funds and a few other financial institutions elbowed each other out of […]

Directors buy more Man Group shares

Reuters- Hedge fund manager Man Group Plc said on Friday three directors had bought more shares in the company whose share price has fallen sharply amid the sell-off in global equity markets. Man said non-executive Deputy Chairman Stanley Fink, who […]

Oil and gas prices diverge as hedge funds cut bets

Financial Times – The movement of crude oil and natural gas prices in the past two weeks has caught the energy market by surprise as hedge funds liquidate their positions en masse and cause a sudden change in the directions […]

Sentinel charged with mishandling client funds

MSNBC- Sentinel Management Group, a US money manager at the centre of recent market turmoil, was Monday charged with fraud and misuse of client assets by the Securities and Exchange Commission. The problems at Sentinel have been the cause of […]

Subprime infects $300 billion of money-market funds

Seattle Times- Money-market funds were invented 37 years ago to offer investors better returns than bank savings accounts while providing a high degree of safety. Most of the $2.5 trillion sitting in these funds is invested in such assets as […]

Dubai’s OMX bid could be backed by hedge funds and institutions

  GulfNews.Com- Borse Dubai, the holding company of Dubai Financial Market and the Dubai International Financial Centre that controls 28.4 per cent shares of OMX is likely to find the support of hedge funds and institutional investors, according to investment bankers […]