Monthly Archives: January 2009
Eurekahedge Forecasts More Hedge Fund Launches in 2009
West Palm Beach (HedgeCo.net) – Hedge funds returned a healthy 1% in January, wrapping up a tumultuous 2008 at -12.3%, according to Eurekahedge. Hedge fund assets fell $380 billion or 20% in 2008, from just under $1.9 trillion to just […]
FX Trading Grows 250% as Investors Look For Alternative to Hedge Fund Trading
West Palm Beach (HedgeCo.net) – Deutsche Bank’s foreign exchange (FX) trading platform, dbFX.com, reported a surge in customer numbers in 2008 as FX grew as an asset class of choice for investors amid the financial crisis. The trading platform saw […]
Dan K. Thomasson: Gordon Gekko lives
Inside Bay Area – Not Terribly long ago all that was wrong with Wall Street was embodied in the character Gordon Gekko as portrayed by actor Michael Douglas in the smash hit movie, "Wall Street." For those who missed the […]
KSK Energy Fund wound up
Reuters India – KSK Emerging India Energy Fund had raised £100 million from AIM last year to invest in Indian energy companies. Global recession has claimed a victim in India. KSK Emerging India Energy Fund (KEF), a £100 million fund […]
Has the moment for greater UK hedge fund regulation passed?
Reuters – Tuesday’s grilling of UK hedge fund executives is likely to create plenty of noise but produce little in the way of new rules. While media-shy TCI founder Chris Hohn and others will face tough questions from the Treasury Select Committee […]
Royal Bank of Canada Sued Over Failed Hedge Funds
Bloomberg – Royal Bank of Canada, the country’s biggest bank by assets, was sued by investors in Olympus United Funds who claim they lost more than $90 million in the funds’ collapse. Royal Bank, based in Toronto, “secretly managed” the […]
Colombia, Venezuela form $200 million fund to boost trade
Jamaica Gleaner – The presidents of Colombia and Venezuela pledged Saturday to invest US$100 million each in a special fund in hopes of boosting cross-border trade as the world economic crisis slashes global demand for their exports. The cash will […]
Treasury Select Committee turns the spotlight on hedge funds
Times Online – They are the financial world’s most secretive and unaccountable men — but also among its wealthiest and most influential. Today, four of the sharpest speculators in the hedge fund industry will be thrust into the spotlight when […]
Elliott Hedge Fund Bought Fictitious Securities From Dreier
Bloomberg – Elliott Management Corp., the $12.8 billion hedge-fund firm founded by Paul Singer 32 years ago, told clients that it bought securities from Marc Dreier, the New York lawyer jailed for alleged fraud. Elliott lost money on promissory notes […]