Tag Archives: base-metals
Gold Falls Hard vs. Dollar as Stocks & Commodities Sink, Faces “Definite Downside Risks”
BullionVault – The Gold Price fell sharply against a strong US Dollar on Monday morning, falling through what one Asian dealer called "technical and psychological support at $942" to record the lowest Gold Fix so far this month at $937.50 […]
Tudor’s BVI Suspends Withdrawals, Plans Split Into Two Funds
Bloomberg – Tudor Investment Corp., the firm run by Paul Tudor Jones, temporarily suspended redemptions from the $10 billion BVI Global Fund Ltd. as it splits the hedge fund into two, according to a person familiar with the matter. Tudor […]
Tontine to Shut Down Two Hedge Funds
New York (HedgeCo.Net) – Two hedge funds run by famed portfolio manager Jeffrey Gendell are being closed because of heavy losses suffered this year. Both Tontine Partners LP and Tontine Capital Partners LP are liquidating assets, although no time table […]
Hedge funds Down in August
West Palm Beach (HedgeCo.net) – The Morningstar 1000 Hedge Fund Index lost 3.12% in August, significantly underperforming U.S. and global equity and bond markets. August, like July, was characterized by a large drop in emerging markets and commodities. "Even though […]
Bernanke: ‘We have lost control’: Economist recounts talk with Feds Chairman
TMCnet – Several months ago, economist David Hale had a private meeting with Federal Reserve Chairman Ben Bernanke, who was trying to ward off a recession by lowering interest rates and increasing the money supply in the economy. The problem […]
Qatar and Vietnam set up agriculture fund
Reuters Dubai – Gas exporter Qatar and Vietnam have set up a $1 billion fund (56 million pounds) to invest in sectors including agriculture, a Qatar-based newspaper reported on Tuesday. Qatari sovereign wealth fund, the Qatar Investment Authority QIA.L, will […]
Hedge Funds Increase New York Times Stake
Wall Street Journal – Harbinger Capital Partners and Firebrand Investments LLC, the hedge funds that put two representatives on the board of the New York Times Co. this past spring, are again adding to their stake in the media company. […]
Eurasia Hedge Fund Bets on Mongolia, Plans Share Sale
Bloomberg – Eurasia Capital Management plans to increase the world’s first Mongolia-focused fund fivefold to $100 million to tap economic growth fueled by the nation’s mining industry. Eurasia’s hedge funds, which have about $200 million of investments across Central Asia, […]
Trader who lost $9bn bounces back
Financial Times – Brian Hunter, the trader who was blamed for the collapse of $9bn hedge fund Amaranth Advisors two years ago, has taken advantage of last month’s plunge in commodity prices to help propel the year-to-date return at the […]
Lone Pine, Traxis Lead Funds Betting on India Stocks Recovery
Bloomberg – Lone Pine Capital LLC, run by Stephen Mandel, and Traxis Partners LLC are among 56 overseas funds that registered to buy shares in India in July, the most in six months, betting on a recovery in stocks. Helios […]
Funds risk heavy losses from binge investments
Financial Times- Private equity and hedge funds risk suffering massive losses from a binge of investments in the troubled North American automotive industry. Many of the funds saw turnround opportunities in the sector in 2005 and 2006 when suppliers were […]
Morningstar Reports Low End to Quarter
West Palm Beach (HedgeCo.net)- In a summary of hedge fund performance for the second quarter of 2008, Morningstar, Inc. marked June as a bad end to a good quarter. The Morningstar 1000 Hedge Fund Index fell 0.73% during the month, […]
