Tag Archives: assets
Hedge Fund’s Book May Have Fallen 75%, FRM’s Tomlinson Says
Bloomberg – Assets owned by hedge funds including borrowings may have fallen by 75 percent to a decade- low, with less competition paving the way for better returns, said Blaine Tomlinson, chairman of Financial Risk Management Ltd. The total book […]
Bill Miller Not Dead Yet With Value Funds Burying Quants in ’09
Bloomberg – Companies with the most debt and lowest returns on assets are turning the biggest six-week rally in stocks since 1938 into a bloodbath for last year’s best- performing trading strategy. Investors in so-called quantitative momentum funds — which […]
In State Pension Inquiry, a Scandal Snowballs
New York Times Blogs – The inquiry into corruption at the New York State pension fund started simply enough. Alan G. Hevesi, the former comptroller, was accused of using state workers as chauffeurs for his ailing wife. But by the […]
JP Morgan backs out of toxic assets plan
Mail Tribune – The Treasury Department on Thursday defended the viability of its $1 trillion plan to get soured mortgage investments off of banks’ books after JPMorgan Chase’s chief executive said the company won’t participate in the program. Some analysts […]
General Growth files for bankruptcy protection
Reuters – General Growth Properties Inc GGP.N, the second largest U.S. mall owner, on Thursday filed for bankruptcy protection on Thursday, making it one of the biggest real estate bankruptcies in U.S. history. Ending months of speculation, the Chicago-based mall […]
Top UK fund may invest up to 20 pct in alternatives
Reuters – The UK’s largest pension scheme, the BT Pension Scheme (BTPS) could invest up to 20 percent of its assets in alternative asset classes including hedge funds, a senior executive in charge of its investments said. Frank Naylor, head […]
Hedge fund firm Cheyne Capital to buy Altedge
Reuters – Hedge fund firm Cheyne Capital Management is to buy fund of hedge funds manager Altedge Capital, the firms said on Tuesday, as the once-booming industry consolidates in the face of client outflows. Under the deal, Altedge Chief Executive […]
US Town Claws Back £17m Of Madoff Assets
Sky News – A US town has edged closer towards clawing back its losses to Wall Street swindler Bernard Madoff, securing a court order for £17m in assets. The town of Fairfield in Connecticut suffered losses of about £28m from […]
Meiji Yasuda to cut unhedged foreign bonds
Interactive Investor – Japan’s Meiji Yasuda Life Insurance Co said on Monday it planned to cut its unhedged foreign bond holdings while increasing its hedged foreign bond holdings this business year to offset currency risks. The nation’s third-largest life insurer […]
Vulture investors are looking for prey
CNN Money – They pray for recessions and smile a little wider when a company climbs onto its death bed. Welcome to the world of distressed, or so-called "vulture" investors, an often-ignored corner of the market that has increasingly taken […]
Hedge Fund Managers With Largest Portfolios Face EU Regulation
Bloomberg – Hedge fund managers who run the largest 15 percent of portfolios in the European Union would have to report risks, debts and trading activities to regulators under a draft proposal to tighten oversight after the financial crisis. The […]
Treasury seeks more partners for bad asset program
Norristown Times Herald – The Treasury Department is making it easier for hedge funds and other private investors to participate in its plan for buying up banks’ bad assets, an acknowledgment that the interest level so far has been lackluster. […]
