Tag Archives: finance
Blue Mountain freezes fund in face of withdrawals
Reuters – Blue Mountain Capital Management LLC has temporarily halted redemptions at its largest hedge fund after clients asked to withdraw money despite its "distinguished" performance, according to a letter to its investors. New York and London-based Blue Mountain said […]
West End office space rental falls
Choregus (London) – It seems that West End Office Space in not impervious from the effects of the global economic slow down. Whilst many had observed the West End continuing to perform despite the pressures, it seems that the credit […]
Hedge funds fear bankruptcy after Porsche squeeze
Times Online – Hedge funds were heading for a full-blown row with the German Government last night as it emerged that funds sitting on tens of billions of euro losses after short-selling Volkswagen could go bankrupt. Porsche, VW’s biggest shareholder, […]
Hedge funds contemplate safer climate in US
Times Online – A new front is opening up in the battle between London and New York to be the world’s dominant financial centre. Hedge funds, and the thorny question of where they decide to do business over the coming […]
Hedge Funds Meet With FSA, BOE Over Lehman Assets, FT Reports
Bloomberg – Hedge funds met with the U.K.’s Financial Services Authority and the Bank of England in London to discuss the return of their assets from Lehman Brothers Holdings Inc., the Financial Times reported, citing unidentified funds. Representatives from the […]
Man Group Rises as Flagship AHL Fund Posts Fourth Weekly Gain
Bloomberg – Man Group Plc, the largest publicly traded hedge-fund manager, rose in London trading after its biggest pool reported gains for a fourth consecutive week. “It increases the probability that they will be earning performance fees on the fund,” said […]
Swiss hedge fund industry to grow
Reuters – Switzerland’s fledgling hedge fund industry is set for strong growth in the coming years as the credit crisis forces the industry to focus on lower-cost centres and the country aims to lure managers back from London. Lower living […]
Swiss hedge fund industry to grow as crisis bites
Reuters UK – Switzerland’s fledgling hedge fund industry is set for strong growth in the coming years as the credit crisis forces the industry to focus on lower-cost centres and the country aims to lure managers back from London. Lower […]
Base metals hit hard as hedge funds unwind
The Australian – CMC Markets senior dealer Matthew Lewis said base metals were hammered in New York and London overnight on Wednesday as hedge funds liquidated their holdings. "There is growing concern about the slowing of global growth and the […]
Hedge fund managers optimistic despite gloomy summer
Financial Post – The Canadian hedge fund industry has ballooned in the past few years, with some estimating annual growth at 30%. But there is still plenty of room for more, given that plenty of the strategies, such as risk […]
Financial Services Authority threatens heavy fines for short-sellers
The City’s regulator has threatened to impose unlimited fines on investors that breach its new rules on betting against UK bank shares amid a flurry of late disclosures by hedge funds. The warning came yesterday as Gordon Brown promised new […]
Nomura grabs Lehman Asia unit
Reuters Tokyo – Japan’s Nomura Holdings is to buy the Asian operations of Lehman Brothers, a source with direct knowledge of the deal said on Monday, outbidding other banks seeking to scoop up the bankrupt U.S. bank’s Asian assets. The […]
