Tag Archives: bad-news
Is UBS Calling the End of Universal Banks?
The Money Times – Last year, I read an article in which David Herro outlined his rationale for owning shares of UBS in his Oakmark International fund. He focused on the value of its wealth management unit, which delivers stable […]
DIFC denies reports about involvement in Rashed Investment Bank
The DIFC has clarified its position on news reports that have recently appeared regarding ‘Rashed Investment Bank’ an Islamic investment bank which has been proposed to be set up in Dubai. The DIFC said that while it welcomes initiatives within […]
Capital Z Adds 10-Year Bear Stearns Marketing Vet
FINalternatives- Hedge fund seeder Capital Z Asset Management has hired a Bear Stearns veteran to head up its marketing effort and support its portfolio funds. James Marrone was named a partner and chief marketing officer at New York-based CZAM. Marrone […]
WaMu, Sovereign get British hedge fund investment
Reuters – An activist British hedge fund has taken a 6 percent stake in Washington Mutual Inc as the largest U.S. savings and loan tries to rebound from billions of dollars of mortgage-related losses. The London-based fund, Toscafund Asset Management, […]
British hedge fund buys 5% stake in Sovereign
Milwaukee Business Journal – An activist British hedge fund has taken a 5 percent stake in Sovereign Bankcorp Inc., according to a filing with the Securities and Exchange Commission. London-based Toscafund Asset Management said its passive stake amounts to 33.5 […]
Behind Trojan walls
Investors Chronicle- In Homer’s Iliad, Troy was razed to the ground by Greek warriors, but Troy Asset Management aims to put up a much better defence for its investors. The boutique fund manager takes its name not from the ancient […]
Hedge funds turn institutionalised
The Financial Standard- The global hedge fund space is undergoing a period of radical change as large hedge funds become institutionalised, new research shows. According to international strategy consultancy Celent, large hedge funds are undergoing institutionalisation as US pension plans […]
Hedge Funds Surpass Mutual Funds In Equity Trading Volume
CNNMoney.com- An equity investors study by Greenwich Associates showed trading volume generated by hedge funds surpassed mutual funds last year and now ranks second only to traditional asset-management shops. The financial-consulting firm said the influence of hedge funds as a […]
Ko, former Bear trader, launches hedge fund
Reuters- Melissa Ko, a former star trader at Bear Stearns, has formed a new hedge fund called Covepoint Capital with nearly $1 billion in assets, according to a letter the firm sent to investors on Monday. Ko ran Bear’s Emerging […]
JPMorgan Marathon Embrace Begins Dimon Lure of Lost Hedge Funds
Bloomberg- A year after Andrew Rabinowitz yanked his hedge fund’s cash from Bear Stearns Cos. because of concern the Wall Street firm wouldn’t make good on its trades, he’s ready to return. For Rabinowitz’s New York-based Marathon Asset Management LLC, […]
Bedrock Rolls Out Multi-Strat Fund of Funds
FINalternatives- Bedrock Alternative Asset Management in May launched its Global Diversified Fund, a fund of funds covering private equity, hedge funds, real estate and commodities, combined with traditional stock and bond investments. The fund will invest in a 15 to […]
