Category Archives: Syndicated
Indian rupee tumbles as hedge funds pull out
DAWN Group- The sub-prime mortgage loan crisis in the US, which has led to a global meltdown of stock indices, has had a devastating impact on the Indian capital market. But the Indian rupee,which has been gaining strength, has finally […]
Monsoon Capital to reopen India flagship fund
Economic Times- At a time when the Indian equity market has been volatile, a top performing US-based, India-dedicated hedge fund has decided to reopen one of its main funds to raise additional capital. Massachusetts-based Monsoon Capital, founded by a […]
More US hedge funds likely to crumble
Reuters Italia- Every year, hundreds of funds and fund managers have quietly left the industry, which now manages $1.75 trillion (880 billion pounds). But this year, their exits will be more numerous after a meltdown in subprime mortgage investments […]
Sentinel Management sued over fund freeze
Chicago Sun-Times- After experiencing a 21st century, hedge-fund version of a run on the bank this week, Sentinel Management Group assured clients that it’s looking to give them their money back byselling assets. “Sentinel is in the process of discussing […]
Goldman Backer Broad Says Hedge-Fund Losses Will Cut Art Prices
Bloomberg- Billionaire Eli Broad, who’ll help shore up Goldman Sachs Group Inc.’s Global Equity Opportunities Fund, said art prices will decline as a result of losses by hedge funds and other largecontemporary art collectors. “Many of the buyers of contemporary […]
Hedge funds take more than a trim
Daily Telegraph- Masters of the Universe. The new investment bankers. Hedgies. Whatever name you choose to describe hedge fund managers, it is always a positive one. That was until last Thursday,when trading screens turned red across the globe and the […]
Sebi to register hedge funds as FIIs
Economic Times- When the dust raised by the subprime fiasco settles, hedge funds will have the option to trade directly in India. Capital market regulator Sebi has decided to allow hedge fundsto register directly as foreign institutional investors (FIIs). “We […]
Merkel’s cabinet passes transparency rules for hedge funds
International Herald Tribune- The cabinet of Chancellor Angela Merkel of Germany on Wednesday approved new transparency rules for private equity and hedge funds, backing away from an earlier pledgeto reduce investment barriers. The measures would become law next year if […]
SEC settles actions against 2 hedge funds advisers
Reuters- The U.S. Securities and Exchange Commission said on Wednesday it has settled with two hedge fund advisers, one for so-called “soft dollar” arrangements and another for failing to filedisclosure documents. Schultze Asset Management LLC (SAM) has agreed to pay […]
Hedge Funds Sail On, Despite the Storm
New York Times- As many hedge funds were nursing deep losses and bracing for a possible wave of redemptions this week, members of the Connecticut Hedge Fund Association were popping open champagne bottles. What’s to cheer about? Securing first place […]
Markets plunge around the world
Times Online- London’s leading blue-chip stocks sank to levels not seen in nearly a year today, on the back of heavy selling overnight in the United States and Asia after the credit crunch sparked fresh concern. The benchmark FTSE 100 […]
Hedge funds acquire 25 pct of OMX
Thomson Financial- Hedge funds have acquired about 25 pct of OMX AB ahead of an expected takeover battle for the Nordic market operator between Nasdaq and Borse Dubai, the Financial Times reported. The funds’ presence paves the way for a […]