Monthly Archives: January 2009

Hedge funds may have missed out on bank share slump

January 21, 2009 : Permalink

LONDON (Reuters) – Hedge funds may have missed out on sharp falls in banks’ shares in recent days because few rushed in after the UK’s ban on short selling financial stocks expired on Friday, data shows. According to figures from […]

Another Florida Ponzi-Scheme?

January 21, 2009 : Permalink

New York (HedgeCo.Net) – Investors in South Florida are fearing the worst, with all eyes turned to Michael Riolo, a Boca Raton resident who may have bilked over $50 million out of investors. Riolo regularly distributed performance reports to his […]

Hedge Fund Manager sees ‘outstanding’ value opportunities in 2009

January 20, 2009 : Permalink

West Palm Beach (HedgeCo.net) – Beijing-based fund manager, Lowes Wealth Management (LWM), has announced a bullish programme of stock acquisition, building on the opportunities thrown up by the global downturn. LWM, which runs the recently launched Elite East-West Value Fund, […]

Third Party Administrators to Improve Hedge Fund Transparency

January 20, 2009 : Permalink

West Palm Beach (HedgeCo.net) – In an example of how hedge funds and CTAs are turning to third-party administrators with an eye on offering their investors improved transparency, hedge fund and FoHF provider Spectrum Global Fund Administration has teamed up […]

Hopes high as Obama takes office

January 20, 2009 : Permalink

Reuters – Barack Obama takes over as U.S. president on Tuesday with hopes riding high he can conjure up a rescue that will jolt the world’s biggest economy back to life and contain the financial crisis ravaging global markets. The […]

Don’t ask what Obama can do for Wall Street….

January 20, 2009 : Permalink

Market Watch – No new president in the modern era, save for Franklin Roosevelt, has been handed an opportunity to remake the almost every part of the market. Barack Obama and his administration will decide everything from who lives and […]

Hedge Fund Manager SVM Launches Long/Short Fund

January 20, 2009 : Permalink

West Palm Beach (HedgeCo.net) – Privately-owned investment management company, SVM Asset Management, is seeking approval from the Financial Services Authority for the launch of the long/short SVM UK Absolute Alpha Fund, which has a similar investment approach to their SVM […]

Hedge Fund Seeks Continental AG Chairman’s Ouster, FTD Reports

January 20, 2009 : Permalink

Bloomberg – A hedge fund led by Frank Scheunert wants to oust Continental AG Chairman Hubertus von Gruenberg, Financial Times Deutschland reported, citing the investor. Scheunert, who controls about 5 percent of the tiremaker’s stock, said Continental’s board is “destroying […]

Fund admits short-selling bank shares

January 20, 2009 : Permalink

guardian.co.uk – A hedge fund admitted yesterday it had been speculating that shares in Barclays would fall. The admission by Lansdowne Partners that it had been shorting Barclays shares on Friday – a day when the bank lost a quarter […]

RPT-EXCLUSIVE-Hedge fund firm Magnetar cuts London jobs

January 20, 2009 : Permalink

Reuters – Multibillion dollar hedge fund firm Magnetar Capital has shut its London risk arbitrage desk and cut seven jobs, the firm told Reuters on Monday, as the industry goes through its biggest crisis. A spokesman said four traders and […]

Wealthy wary of putting new money in hedge funds

January 20, 2009 : Permalink

Reuters – Millionaires who long put money with hedge funds are now skittish about adding fresh cash after these loosely regulated portfolios posted record losses last year, a top industry executive said on Thursday. "We have probably seen the worst […]

Fraudster Who Staged Death Transferred to Florida Jail

January 20, 2009 : Permalink

New York (HedgeCo.Net) – Marcus Schrenker, the pilot turned money manager accused of faking his own death to avoid fraud charges, was transferred from a Tallahassee hospital to a Pensacola jail on Monday. Schrenker, 38, purposely crashed his single-engine Piper […]