Tag Archives: money
Hedge fund manager lashes back at Obama on Chrysler
Reuters – Prominent hedge fund manager Clifford Asness has struck back at the Obama administration, saying hedge funds had the right and responsibility to hold out on last week’s Chrysler LLC restructuring deal. "Managers have a fiduciary obligation to look […]
Beverley Hills hedge fund fraud halted
A hedge fund fraud that involved a pair of funds claiming to hold more than $800 million in assets has been halted, according to the US Securities and Exchange Commission. In a statement, the regulatory body said the two funds […]
The Importance Of Paying Citigroup Bankers Bonuses
24/7 Wall St. – Citigroup has gone to the Treasury to beg for bonuses for some of its most important traders, people who make the banks extraordinary amounts of money. The Treasury’s reaction will probably be that it wants to […]
Hedge fund investor warns against stock bets
Reuters – Prominent hedge fund investor Mark Yusko on Monday warned endowments against putting the bulk of their money into stocks, arguing that these assets perform only when economies are growing. For years most investors ranging from big institutions to […]
Demand for Hedge Fund Separate Accounts ‘a Knee-Jerk Reaction’
Bloomberg – Hedge fund investors’ growing demands for separate accounts may be an overreaction to increasing redemptions and fraud, participants said at an industry conference in Hong Kong this week. Investors are demanding accounts that allow them to tailor investments, […]
As prime brokerage firms pull services to hedge funds, the argument for exploring equity finance options grows
Opalesque – In the newly released research report by Massachusetts-based firm Finadium "Trends in US Equity Finance Costs for Hedge Funds and Other Borrowers" author Josh Galper notes that the current cost of securities borrowing has many funds looking at […]
Octagon, Run by Ex-GIC Staff, to Start Hedge Fund
Bloomberg – Octagon Capital Management Pte, run by former managers of the Government of Singapore Investment Corp.’s quantitative-investment group, plans to start a fund that seeks to profit from broad economic trends. Octagon, which uses computer models to pick trades, […]
US bailouts won’t work, says Nobel winner
Moneycontrol.com – Joseph Stiglitz, a professor at the Columbia University and the 2001 Nobel Prize winner, said the US government’s bailout packages designed for financial institutions may not work. “It is a peculiarly-structured programme,” Stiglitz said, “The government puts in […]
GM in line for another $5B
Cape Cod Times – General Motors Corp. could get as much as $5 billion more in federal loans, while Chrysler LLC could get $500 million as they race against government-imposed deadlines to restructure, according to a government report filed yesterday.The […]
Return of the Nineties fund superstar
This is Money – A star fund manager who made thousands of pounds for investors in the Nineties is set for a comeback. William Littlewood was at the helm of the Jupiter Income fund which increased investors’ savings by 600%. This week, […]
Are Pension Funds the New Venture Capitalists?
Seeking Alpha – According to "Calpers Weighs Expanding Own Hedge-Fund Investments" by Jenny Strasburg and Craig Karmin (Wall Street Journal, April 16, 2009), the giant California pension fund may be the first stop for fledgling hedge fund managers who seek […]
