Tag Archives: angela-merkel
Africa attracting new private equity interest
Business Day – Private equity firm Actis says equity funds have embraced investing in Africa because many governments have instituted market reforms which are creating opportunities for brave investors willing to take a long-term view on Africa. “There is increased […]
Major hedge fund set to leave London for lower Swiss taxes
Evening Standard – Krom River, which has £453 million in assets, said it was moving to Switzerland, known for its low tax regime. The fund is one of the few to perform well in the credit crunch and would see […]
Merrill Pushing Bad Debt for Petty Prices
New York (HedgeCo.Net) – Merrill Lynch is still hoping to strike a deal in which Korea Asset Management Corp. would purchase a significant amount of their bad debt. Talks have been stagnant because of recent disputes over prices, but some […]
Citywire Reports Funds of Hedge Funds Down 7%
West Palm Beach (HedgeCo.net) – Funds of listed hedge funds are no longer providing reliable rates of return as the credit crunch continues – despite having been marketed as risk-free investments. Analysis from Citywire shows that the sector has declined […]
Artemis snares prize manager ‘Rock Hard’ Ruth Keattch for flagship fund
Daily Telegraph – Ruth Keattch, the star fund manager nicknamed "Rock Hard Ruth", is to make a come-back with a move to Artemis, the activist fund manager with £14bn under management. Mrs Keattch, who earned a fearsome reputation at Deutsche […]
Abu Dhabi Commercial Bank files suit over losses of London-based SIV
Financial Times – Abu Dhabi Commercial Bank has filed a lawsuit against two US banks and two rating agencies over losses from a collapsed $6bn structured investment vehicle, formerly managed by London-based hedge fund Cheyne Capital. In the suit in […]
Hedge Fund RAB Consdiers Buying Back Shares
New York (HedgeCo.Net) – RAB Special Situations hedge fund is contemplating a share buyback, after getting burned by the nationalization of Northern Rock and the plummeting of share values that followed. The fund said it may repurchase the shares and […]
Distressed funds circle Spain
Reuters UK – Vulture funds are finally saying debt from Spanish retailer Cortefiel is now cheap enough to buy, after waiting for months to see prices of the struggling company’s debt fall further. The funds, which have raised billions of […]
Hedge Fund’s Art of a Bankruptcy
CFO.com – Even hedge funds are not immune to the credit crunch. A small hedge fund that provided short-term debt to companies has filed for Chapter 11 bankruptcy protection. Greenwich, Connecticut-based SageCrest Finance, managed by Windmill Management, said in its […]
Living on the hedge
Business24-7 – With the UAE stock markets in turmoil it is vital investors re-examine their portfolios. This week the Abu Dhabi and Dubai stock exchanges suffered their worst trading sessions for almost seven months while Dh65 billion has been wiped […]
Swing back to bank stocks is overdone, says Merrill Lynch
Times Online – The fashionable investment tactic of the past month – buying bank stocks while selling energy companies – could already have gone too far, Merrill Lynch, the financial management group, warned clients yesterday. In mid-July, hedge funds, pension […]
