Tag Archives: domicile
Hedge Funds Lower Fees, Lengthen Lockups on New Bond Funds
Bloomberg – Artradis Fund Management Pte, RAB Capital Plc’s Northwest unit and Cannizaro (Hong Kong) Ltd. are cutting fees and locking up investors’ money for longer in new hedge funds that will buy bonds after prices fell in Asia. Merrill Lynch & […]
Citi Prime Brokerage Singapore Head Leaves Co-Sources
CNN Money – In another sign the financial crisis is hitting Asia’s once booming hedge-fund industry, Alexis Fosler, the head of Citigroup Inc.’s ( C) prime brokerage team in Singapore has left the company, two people familiar with the situation […]
Blackstone trims its Asia-focused fund
Reuters – Blackstone Group LP has cut the size of its planned Asia-focused hedge fund because the global financial crisis has led to redemptions, the Wall Street Journal said citing people familiar with the situation. Blackstone, which manages private equity, […]
Triple A seeds new hedge fund by Hong Kong’s EIP
Reuters HK – Triple A Partners, an alternative fund firm specialising in seeding new managers, said on Tuesday it would invest an initial $20 million in a new hedge fund launched by Hong Kong’s Enhanced Investment Products Ltd. Triple A, […]
BNP Paribas Wins Prime Brokerage Business With Hedge Fund CQS
Bloomberg – BNP Paribas SA, France’s biggest bank, won prime brokerage business in Asia with hedge fund CQS (U.K.) LLP as it seeks to lure clients in the region from rivals. The new contract with CQS, a London-based hedge fund […]
Billionaire feels ‘lucky’ he didn’t buy Steelers
Pittsburgh Tribune Review – On Oct. 5, philanthropist and hedge fund billionaire Stanley Druckenmiller sat in his New York den, watching the Steelers play in Jacksonville. Two weeks before, he yanked an offer worth more than $800 million to buy […]
Wealth managers fret as the rich turn away from them after losses
Times of India – Can the wealthy trust their wealth managers any more after losing 30 to 60% of their wealth during the current global financial crisis? The world’s top banks including brands like Morgan Stanley, UBS, Barclays and Standard […]
Asia plunges futher into financial chaos
Telegraph.co.uk – A move by US and European central banks, as well as by central banks in China, Taiwan, Hong Kong, Australia and South Korea, to slash borrowing costs has failed to reassure investors. "It’s impossible to predict the bottom, […]
Two equity firms buy Lehman’s money management unit
International Herald Tribune – Lehman Brothers said Monday that it would sell for $2.15 billion much of its money management business, including its prized Neuberger Berman asset management unit, to Bain Capital and Hellman & Friedman. The sale of the business, […]
Hedge fund manager PMA sees capacity at $4 billion
Reuters – Hedge fund manager PMA has the capacity to manage as much as $4 billion without curtailing returns given current market opportunities in Asia, its chief executive said in an interview. The Hong Kong-based firm, which now manages about […]
