Tag Archives: rsquo
HSBC to Stop Structured Financing for Fund Investors
Bloomberg – HSBC Holdings Plc’s U.S. securities division will no longer extend structured financing to hedge- fund investors to leverage their investments, according to people familiar with the company’s plans. The bank is halting the financing by its structured-funds products […]
Third competitor files to take over Asarco
Daily Territorial – A third offer to take copper miner Asarco out of Chapter 11 was filed last week in U.S. Bankruptcy Court in Corpus Christi, Texas, by New York City-based hedge-fund manager Harbinger Capital Partners. The $500 million reorganization […]
Japan’s First Short-Biased Hedge Fund Bets Exporters Will Fall
Bloomberg – Alphex Investments Co., the adviser to Japan’s first short-biased hedge fund, plans to sell exporters’ shares, wagering they’ll fall on a rising yen and weak global economy, boosting the fund that started in March. “What we’re seeing right […]
Et-China soars after Kuoni buys hedge fund’s 31.8 pct stake in company
Proactive Investors UK – Shares in Et-china.com International Holdings LTD (AIM: ETC) got an enormous boost today from news that Kuoni Travel Holding Ltd has bought the 31.8 percent stake in the company that was held by hedge fund Gandhara […]
Spice Finance and 3 Degrees Launches Singapore/India Special Situations Private Equity Fund
West Palm Beach (HedgeCo.net) – Spice Finance, the financial services arm of the $1.5 billion B. K. Modi Group, has entered into a first-of-its-kind strategic joint venture with Singapore-based 3 Degrees Asset Management to launch the Spice 3 Degrees Special […]
UK FSA Extends Reporting for Short-Selling Financial Stocks
Bloomberg – Hedge funds and other investors who short-sell shares in Britain’s financial companies must continue to disclose their trades, the U.K.’s financial regulator said. A reporting requirement put in place by the Financial Services Authority in January will continue […]
Conyers Dill & Pearman Hosts Launch Function in Brazil
West Palm Beach (HedgeCo.net) – Over 100 of São Paulo’s senior legal and business executives attended a launch function held by offshore financial law firm Conyers Dill & Pearman, in celebration of the formation of their new Brazil partnership. The […]
Hedge-Fund Titans Hear Chanos, Einhorn, Raise Funds for Cancer
Bloomberg – At last year’s Ira W. Sohn Investment Research Conference, Greenlight Capital Inc.’s David Einhorn told an audience of hedge-fund managers that Lehman Brothers Holdings Inc. wasn’t disclosing the whole truth about its finances. Four months later, Lehman filed […]
Opalesque Exclusive: Review of hedge fund launches, closures, indices, trends, regulatory and legal events – week 21
Opalesque – Last week, we heard of fund launches from Galena (energy); Verulam (commodity); Twin Tree; Paulson & Co (distressed property); Abax (Asia macro); Odey (Ucits III); Pictet (agriculture); and Liontrust (European). The Canadian Hedge Watch Hedge Fund Composite Index […]
S&P Research Arm Bought By Hedge Fund Provider
West Palm Beach (HedgeCo.net) – Hedge fund research provider, Guidepoint Global, LLC, has acquired tech and media company, Vista Research, Inc. from Standard & Poor’s. “In the current economic climate, investors and business decision makers are increasingly seeking on-demand […]
Yen Drops as Report Says N. Korea Launched Short-Range Missile
Bloomberg – The yen declined to a two-week low versus the euro and weakened against the dollar after Yonhap News said North Korea launched a short-range missile, posing a threat to the region’s security. South Korea’s won fell for the […]
