Tag Archives: bloomberg
Geneva Funds of Funds Slump as Banks Struggle to Nullify Madoff
Bloomberg – Geneva banks, which began investing client money in funds of hedge funds during the 1960s, are struggling to rebuild the business after market losses and Bernard Madoff’s Ponzi scheme cut assets by 72 percent. The assets of funds […]
Tokio Marine to Cut Hedge-Fund Investments This Year After Rout
Bloomberg – Tokio Marine Holdings Inc., Japan’s biggest casualty insurer, plans to trim hedge-fund investments and shift more of its portfolio in the industry to strategies such as macro and long-short equity funds. Tokio Marine & Nichido Fire Insurance Co., […]
Ex-DKR Oasis Analyst Eechaute Plans Japan-Focused Hedge Fund
Bloomberg – Frederic Eechaute, a former senior analyst at DKR Oasis Management Co. LP, will start a Japan- focused equity hedge fund that trades stocks using its own analyst database. Eechaute, who will split his time between Tokyo and Sydney, […]
Ex-Pimco Palghat to Double Assets in Fixed-Interest Hedge Fund
Bloomberg – Kapstream Capital, Australia’s biggest fixed-income hedge fund, will almost double assets under management in the next month as pension funds seek returns in all market conditions. The Sydney-based firm has secured investments that will take funds it oversees […]
Meiji Yasuda, With $244 Billion, to Cut Hedge Funds Holdings
Bloomberg – Meiji Yasuda Life Insurance Co., with 23 trillion yen ($244 billion) in assets, said it will cut its investments in hedge funds this year as it switches to investments with steadier returns. Japan’s third-largest life insurer will reduce […]
Lehman’s U.K. Administrator Seeks to Return Hedge-Fund Assets
Bloomberg – Lehman Brothers Holdings Inc. may return hedge-fund assets as soon as next year that were frozen when the New York-based securities firm collapsed in the largest bankruptcy on record. PricewaterhouseCoopers, Lehman Brothers International Europe’s administrator, plans today to […]
Ex-Fortress H.K. Head Plans Hedge Fund, Document Says
Bloomberg – Stanley Ku, former head of Fortress Investment Group LLC’s Hong Kong office, plans to start an Asia- focused hedge fund to profit from macroeconomic developments, according to a marketing document given to potential investors. Minerva Macro Fund, to […]
K+S, Potash Sellers Sink as Rival’s India Contract Roils Market
Bloomberg – K+S AG, Europe’s largest maker of potash for fertilizers, and competitor Israel Chemicals Ltd. fell in local trading after a Russian rival’s contract in India prompted speculation that prices will come under pressure. The drop mirrors declines at […]
Platypus Capital Closes Hedge Funds in ‘Post-Madoff World’
Bloomberg – Platypus Capital Management is liquidating its long-short Asian and Australian hedge funds, citing difficulties in a “post-Madoff world.” The Sydney-based firm, with about $42 million in assets, will return funds to investors, saying it didn’t have a “viable […]
Darwin Japan Hedge Fund Returns 31% Since January on Small Caps
Bloomberg – Darwin Capital Premier LS1 Fund, a hedge fund investing in Japanese stocks, has returned 31 percent since opening to investors in January as bets on companies including JP-Holdings Inc. and Daiken Medical Co. paid off. The fund, advised […]
