Monthly Archives: January 2009
Success of managed futures is a mixed bag
Chicago Tribune – Strong returns are a mixed blessing this year for investment funds that specialize in trading futures contracts. While the stock market plunged about 35 percent, managed futures funds posted annual returns of about 16 percent, according to […]
Bond Dealers, Hedge Funds Will Face Penalty for Failed Trades
Bloomberg – Bond dealers and hedge funds that fail to complete trades in Treasury securities face a penalty of as much as 3 percent on the proceeds of transactions, according to a Federal Reserve-backed industry code to be implemented in […]
Candace Bushnell Hates Hedge Funds
Forbes – It’s been foul weather for hedge-heads. Redemptions are rampant, performance is drooping, the Securities and Exchange Commission briefly banned short-selling, and Congress summoned them to do some ‘splaining. But the really bad stuff is yet to come. Hedge […]
Basis Bankruptcy sets Gloomy Precedent for Offshore Funds
HedgeCo.Net (West Palm Beach) Once a premier hedge fund in Australia, Basis Yield Alpha has just been valued at 2 cents on the dollar, by its former sister fund Sydney-based Basis Capital. This latest set-back is just another blow in a […]
Subprime Crackdown Targets Hedge Fund Industry Players
HedgeCo.Net (West Palm Beach) The FBI has targeted 14 corporations in a blitz of investigations on improper subprime mortgage lending, officials said Thursday. The crackdown, which includes mortgage lenders, investment banks, and subprime lenders, was initiated to sniff out fraud […]
Russia’s Hedge Funds Show Strong Growth & Potential
West Palm Beach (HedgeCo.Net)- Russia’s strong economic growth, rapidly expanding domestic market and increasing financial market liquidity has been fuel for rapidly expanding hedge funds and specialist investors in Russia and the former Soviet Union (FSU). One such company is […]
The CME Makes a Bid for Nymex
BusinessWeek- Few industry watchers were shocked when word came on Jan. 28 that the Chicago Mercantile Exchange (CME) wants to snap up the New York Mercantile Exchange (NMX), the big energy and precious-metals bourse, for $11 billion. With complementary product […]
Russia set to lure back investors in tough 2008
Reuters- International investors are raising exposure to Russia after it lagged China and India in 2007 and see Russia’s new-found political stability and low subprime exposure as strengths in current market volatility. "I’m extremely positive about Russia. Growth is under-priced […]
Wall Street Hedge Funds Struggle But Some Predict Sales
– While many big-name hedge funds prospered in 2007, one notable group struggled: funds run by large Wall Street firms and traditional money managers. As a group, hedge funds returned 12.5% last year, beating annual returns in the Standard & […]
Hedge funds buy bank CDS to short Spanish property
Guardian Unlimited- The cost of insuring Spanish banks’ debt against default has leapt by at least a third this year, as hedge funds use credit derivatives to short Spain’s fragile property market, market participants say. Jackie Ineke, a banking analyst […]
Hedge Funds Oppose Tousa Refinancing
Houston Chronicle- A group of hedge funds is fighting to unravel Tousa Inc.s’ July 2007 refinancing, saying that would allow the homebuilder to pay unsecured creditors of its subsidiaries in full. The investor group, which holds nearly a quarter of […]
Scion Capital Shuts Asian Funds to Focus on U.S.
SAN FRANCISCO (MarketWatch) — Scion Capital LLC, a $1 billion hedge fund firm run by Michael Burry, is shutting its Asian funds to focus on opportunities that will be created by a U.S. economic slowdown. Scion’s Asian funds oversaw about […]