Tag Archives: newcastle
Hedge funds face struggle for survival
Globe and Mail – Black clouds have been building over the hedge fund industry for much of the year, and a storm could break in coming weeks as investors receive their second set of lousy monthly results from funds that […]
Abu Dhabi Commercial Bank files suit over losses of London-based SIV
Financial Times – Abu Dhabi Commercial Bank has filed a lawsuit against two US banks and two rating agencies over losses from a collapsed $6bn structured investment vehicle, formerly managed by London-based hedge fund Cheyne Capital. In the suit in […]
Fortress Focuses on Middle East, North Africa for New Hedge Fund
New York (HedgeCo.Net) – Fortress Investment Group, who oversees more than $18 billion in assets, is starting a new hedge fund that will invest in markets throughout the Middle East and North Africa. The new fund, Fortress MENA, is set […]
Some option players hedge bets in Wells Fargo, SunTrust
Reuters – Some bearish option players are betting that Wells Fargo & Co and SunTrust Banks Inc could both lose as much as 10 to 15 percent of their current stock values by October options expiration. Nagging worries about the […]
Breaking even becomes hedge funds’ mantra
Globe and Mail – Joe E. Lewis, the late American nightclub comic and inveterate horse player, once quipped: "I hope I break even. I need the money." That could very well become a mantra in the hedge fund world, where […]
Hedge funds circle Scottish & Southern
Guardian Unlimited – Hedge funds are buying into power supplier Scottish & Southern Energy in hopes of a bid for the company, currently valued at over £12bn. The latest fund to have bought shares is Centaurus, headed by Frenchman Bernard […]
Hedge Funds Lower Bets on Rising Stocks, Goldman Report Finds
Hedge funds reduced their bets in the past year that U.S. stocks would gain as the Standard & Poor’s 500 Index declined and credit conditions tightened, Goldman Sachs Group Inc. said. Such wagers accounted for 32 percent of funds’ equity […]
Hedge Fund Fraudster to Pay $300 Million Back to Investors
New York (HedgeCo.Net) – Paul Eustace, former head of Philadelphia Alternative Asset Management Company, has been ordered to pay back nearly $300 thanks to his fraudulent ways. According to a statement by the Commodity Futures Trading Commission, the Canadian resident […]
US hedge fund buys $US162m BHP stake
The Age – Third Point, the New York-based hedge fund run by Daniel Loeb, bought a stake in BHP Billiton worth $US162 million at the end of June, adding the world’s largest mining company to its portfolio. Third Point, known […]
Hedge funds thrive on downturns says report
Hedge Funds Review Magazine – Hedge funds generally are more correlated in bull market runs and more de-correlation at market downturns. A comparison of the Credit Suisse/Tremont Broad Benchmark Index (HEDG), an asset-weighted broad benchmark of the hedge fund industry, […]
Hedge Fund Correlation Research Report by Credit Suisse
West Palm Beach (HedgeCo.net) – Hedge funds generally are more correlated in bull market runs and more de-correlation at market downturns. A comparison of the Credit Suisse/Tremont Broad Benchmark Index (HEDG), an asset-weighted broad benchmark of the hedge fund industry, […]
Tokio Marine Makes Gradual Shift to Hedge Funds as Prices Drop
Bloomberg – Tokio Marine Holdings Inc. will shift more of its 11 trillion yen ($100 billion) in assets to hedge funds and scour the globe for bargains as the credit squeeze forces down prices. Tokio Marine & Nichido Fire Insurance […]
