Monthly Archives: January 2008

Some Bear hedge funds perform well despite turmoil

Reuters – Not all Bear Stearns hedge funds are suffering, despite the collapse of two last summer that resulted in losses of $1.6 billion (800 million pounds), results over the last week suggest. The Bear Stearns Emerging Markets Macro Fund, […]

Man Group’s Assets Increase 4.5% to $71.7 Billion

Bloomberg – Man Group Plc, the world’s largest publicly traded hedge fund manager, said assets under management rose 4.5 percent in the last three months of 2007 as investors added money at the slowest pace in 15 months. Man Group […]

Bear Stearns Shuts Asset-Backed Hedge Fund After Loss

Bloomberg – Bear Stearns Cos., the fifth-largest U.S. securities firm, is closing a hedge fund that invested in asset-backed securities, abandoning a salvage plan after the fund plummeted at least 39 percent last year. The Bear Stearns Asset Backed Securities […]

Ice Maker in Talks With Hedge Fund on New Buyout Terms

New York Times – Reddy Ice Holdings, a producer of packaged ice, said Wednesday that it was in talks to revise a $1.1 billion deal to be bought by a hedge fund, GSO Capital Partners. The deal was called into […]

Sarkozy vows to defend France against wealth funds

Reuters – President Nicolas Sarkozy vowed on Tuesday to protect French businesses from sovereign wealth funds and private speculators and urged a state bank to roll up its sleeves and help France defend its industrial interests. Sarkozy’s appeal came months […]

More Hedge Funds Means More Activists, Report Finds

New York Times Blogs – Thanks mainly to a rise in the number of hedge funds players in the field, activist investors in the United States increasingly bared their teeth last year. The number of activist campaigns rose 17 percent […]

Blackstone to Acquire Hedge-Fund GSO for $930 Million

Bloomberg – Blackstone Group LP, the world’s largest leveraged-buyout firm, agreed to buy hedge-fund manager GSO Capital Partners LP for $930 million in cash and stock to increase credit investments as LBOs dry up. GSO, founded by former Credit Suisse […]

FSA Decides Against Improving Commodity Transparency

Bloomberg – The Financial Services Authority, the U.K.’s markets regulator, said it won’t require hedge funds to disclose their holdings in London’s commodity markets. The FSA said in June that it may publish reports like those from the U.S. Commodity […]

Hedge funds fight Northern Rock board for small investors

Independent.co.uk – Northern Rock and its two biggest shareholders are battling for the votes of small investors who could decide the outcome of the bank’s extraordinary general meeting next week. Individual investors rarely decide votes at company meetings, which are […]

Hedge portfolio fundraisings to thrive in tough 2008

LONDON (Reuters) – UK listed funds may be struggling to raise money in the wake of the credit crisis, but funds of hedge funds could thrive in 2008 as investors hunt for returns through all market conditions. Recent stock market […]

HFG Investment Launches The HFG Korea Fund

Hong Kong 7th January 2008 – HFG Investments Pte Ltd, a Singapore-based joint venture established last year between Hana Daetoo Securities Co. Ltd, a member company of the Hana Financial Group, and Opvs Investment Holdings Ltd, launched its inaugural fund […]

Activist Hedge Fund Costa Brava Fails in Suit Against Telos Corporation

Ashburn, Va. – January 7, 2008 – The Circuit Court for Baltimore City today dismissed with prejudice all shareholder claims of wrongdoing against Telos, a Maryland Corporation, and its present and former directors and officers brought by activist hedge fund Costa […]