Tag Archives: abbey
Hedge Fund Dalton to Start $550 Million Distressed Asset Fund
Bloomberg – Dalton Investments LLC, the Los Angeles-based hedge fund with 70 percent of its assets in Japan, is starting a 50 billion yen ($550 million) fund that will invest in U.S. distressed assets, taking advantage of low prices. The […]
Hedge Fund Tracking: Moore Capital Management
Seekingalpha.com – Moore, named after Bacon’s middle name, is a $10 billion global macro set of hedge funds. The next few funds we will be covering are global macro oriented funds, which is a switch from some of the more value […]
Citadel Hedge Funds Down, But Not Out
New York (HedgeCo.Net) – Chicago-based Citadel Investment Group lost 13 percent in November, according to a report published by the Wall Street Journal. This brings the hedge fund firm’s total losses to 47 percent for the year. The losses stem […]
Hedge funds forced to adapt or die
International Herald Tribune – The mergers and acquisitions business is about to take a deep dive. For most of the financial crisis, it has remained surprisingly buoyant. This was partly because there was a lot of business to be done selling […]
Salus Alpha offers a fund based on hedge fund index to investors
West Palm Beach (HedgeCo.net) – Because of investors’ demand Salus Alpha decided to make the Salus Alpha Directional Market accessible as a fund. This way Salus Alpha continues to launch tracker funds for all hedge fund indices launched by Alternative-Index […]
Lehman CDS auction fears allayed
The Independent – The financial fall-out in the vast, opaque credit default swaps market caused by the collapse of Lehman Brothers could be smaller than originally feared, analysts say. Optimism was rising yesterday that the unwinding of insurance contracts on […]
A bailout to some, a hedge fund to others
Globe and Mail – Daniel Gross, writing on Slate, makes an interesting point about the latest version of the U.S. government’s bailout plan: The plan, officially known as the Emergency Economic Stabilization Act of 2008, looks a lot like the […]
‘We are approached by hedge funds considering fund liquidations on a weekly basis’
Times Online – Every week at least one British hedge fund is considering winding up its funds as catastrophic investment performance puts the sector under unprecedented pressure, an industry expert said yesterday. Andrew Shrimpton, the former head of hedge fund […]
RMB launches diversified target fund targeting DB and DC schemes
Professional Pensions – RMB Asset Management has launched a diversified target fund in a bid to help schemes manage funding volatility. The asset management firm said the multi-manager RMB Diversified Target Return Fund has exposure to equities, bonds and alternatives […]
Ex-Merrill Banker Kim Abandons Plans for Hedge Fund
Bloomberg – Dow Kim, the former head of trading and investment banking at Merrill Lynch & Co., dropped plans to start a hedge fund after investors backed out, according to two people with knowledge of the matter. Kim had been […]
BAA in talks with hedge fund to save finance plan
Telegraph.co.uk – BAA is in urgent talks with a hedge fund client of investment bank UBS that is threatening to scupper the airport operator’s proposed £7.65bn refinancing. As today’s deadline for bondholders to vote through a crucial part of the […]
Ex-Samsung chief handed 3-year suspended jail term
Reuters- Former Samsung Group chief Lee Kun-hee, one of South Korea‘s most powerful businessmen, was handed a 3-year suspended jail sentence on Wednesday for tax evasion, but was cleared of other charges. The court also fined Lee 110 billion won […]
