Tag Archives: 1-billion
China?s Sovereign Wealth Fund Aims to Invest in Hedge Funds
June 17 (Bloomberg) — Felix Chee, an adviser to China’s $200 billion sovereign wealth fund, said it aims to make investments in hedge funds. “We will have a preference for managed accounts,” he said in an interview today at the […]
Hedge-Fund Startups Sprout as Roc Gathers $1 Billion
June 16 (Bloomberg) — Arvind Raghunathan , former head of Deutsche Bank AG’s global arbitrage business, will open his new hedge-fund firm next month with more than $1 billion, a sign that investors are trickling back after record losses last […]
Boaz Weinstein Said to Raise $160 Million for Saba Hedge Fund
Bloomberg – Boaz Weinstein, the bond trader who lost more than $1 billion last year at Deutsche Bank AG, has raised about $160 million since the end of April for his new hedge fund, according to two people familiar with […]
TCI Cuts $1 Billion of Japanese Short Stock Positions
Bloomberg – The Children’s Investment Fund Management UK LLP, a $9.5 billion U.K. hedge fund, cut its short positions in Japanese stocks including Toshiba Corp. by almost $1 billion in less than two months, exchange filings show. The London-based fund, […]
Hunt for Madoff money to drag on for years
Reuters UK – Five months after Bernard Madoff’s massive fraud was revealed, little of his victims’ money has been found and it appears increasingly likely that the worldwide hunt for their missing billions will drag on for years. So far, […]
Blackstone Cancels Plan for Asian Event-Driven Fund
Bloomberg – Blackstone Group LP, the world’s biggest buyout company, canceled a plan to start a hedge fund that initially aimed to invest as much as $1 billion in Asian companies affected by events such as mergers and reorganizations. Blackstone […]
Trustee pursues Cayman Islands hedge fund
Caribbean Net News – Cayman Islands hedge fund Harley International Ltd withdrew $425 million from swindler Bernard Madoff in the three months before his arrest, according to a lawsuit seeking more than $1 billion from the fund. The lawsuit on […]
Persky’s Dalton hedge fund to bet on distressed debt
Reuters – Hedge fund manager Steven Persky plans to start betting on companies’ bad fortunes again. Persky, who runs $1 billion hedge fund firm Dalton Investments, said on Wednesday he will re-launch his distressed debt strategy three years after liquidating […]
In Chrysler Saga, Hedge Funds Cast As Prime Villain
President Obama’s harsh attack on hedge funds he blamed for forcing Chrysler into bankruptcy yesterday sparked cries of protest from the secretive financial firms that hold about $1 billion of the automaker’s debt. Hedge funds and investment managers were irate […]
