Tag Archives: friends-provident
RBS Faces Losses After US ‘Fraud’
Ananova – Royal Bank of Scotland says it is facing a potential loss of £400m after a Wall Street banker was charged with a massive alleged fraud. US prosecutors say Bernard Madoff has confessed to defrauding investors of $50bn (£33bn) in […]
UAE Asset Manager Launches Hedge Funds
West Palm Beach (HedgeCo.net) – US-based Stream Asset Management announced the launch of a credit dislocation fund and a multi-strategy credit hedge fund, the company said in a press statement. The move is part of Gulf Stream’s aggressive expansion strategy to […]
Turtle hedge fund to restructure after losses
Reuters – The Turtle Fund, an $80 million Swiss-based hedge fund trading volatility, has stopped trading and will let investors exit after sharp losses, following a disagreement between the fund’s managers. In a note to investors, seen by Reuters, the […]
Rooney Brothers Put up Steel Curtain for Hedge Funder Druckenmiller
New York (HedgeCo.Net) Hedge fund billionaire Stanley Druckenmiller has pulled his bid for his beloved Pittsburgh Steelers that he originally placed over nine months ago. Rooney brothers Tim, John, Pat and Art Jr., had been wavering on their decision of […]
Fed Reverses Stance on AIG, Provides Rescue
New York (HedgeCo.Net) – Just one day after reaffirming their stance they would not rescue America International Group Inc., the Fed has agreed to lend the collapsing insurer $85 billion in exchange for a 79.9 percent majority stake. The Fed […]
Lehman Declares Largest Bankruptcy Filing in History
New York (HedgeCo.Net) – Despite valiant efforts to find investors and stay afloat the credit crisis, Lehman Brothers Holdings Inc. is now at the center of the biggest bankruptcy filing in history. The fourth-largest investment bank filed for Chapter 11 […]
Asia’s 5 Largest Single-Manager Hedge Funds
West Palm Beach (HedgeCo.Net)- Asia-based funds are getting bigger according to Alpa Magazine. Several of the funds on the list are relative newcomers and five members of the Asia 25 ranking were not on the list last year. The 25 […]
