Monthly Archives: March 2009
US hedge fund ups Rubicon stake
Scoop – Knott, a U.S. based series of associated funds managed and administered by Dorset Management Corp., has made a partial takeover bid for the wood products and biotechnology investor Rubicon. The offer of 70 N.Z. cents per share for […]
Boom-era quick-fund deals turn sour for cos
Economic Times – MUMBAI: Away from the media glare, many Indian companies are in the midst of bitter negotiations with foreign private equity investors and hedge funds, which had put money in these firms in the hope of making a […]
Hedge Fund Standards Board Announces New International Signatories
West Palm Beach (Press Release) – Odey, Jupiter and The Children’s Investment Fund are among the latest batch of new signatories announced today by the Hedge Fund Standards Board (HFSB). A total of 13 new hedge fund managers have […]
Carlyle raising $1 bln Asia property fund -sources
Forbes – The Carlyle Group is raising its second Asia real estate fund with a target of $1 billion in a move to tap more property deals in key markets like China and Japan, sources with direct knowledge of the […]
Investor Confidence in the Hedge Fund Industry – Survey
West Palm Beach (HedgeCo.net) – Eighty per cent of hedge fund investors continue to believe that hedge funds can provide good, long-term returns, according to a recent survey conducted by IRC Conferences / Terrapinn, a leading global business media company […]
Hedge Funds Bulk at UK Tax Plans
CNBC – A group of powerful hedge-fund managers warned that they could quit London if taxes become too onerous. Richard Lambert, director-general of the Confederation of British Industry, considers the outlook for UK taxes. You say the name of a […]
Institutional Investors Plan to Increase Hedge Fund Allocations in 2009
West Palm Beach (HedgeCo.net) – A study by State Street Corporation indicates that the turbulent financial markets have not caused major shifts in institutional asset allocations. Three quarters of institutional investors said they do not plan to modify portfolio allocations. […]
Blackstone Rejects SEC Request for Fund Data as Fortress Agrees
Bloomberg – Blackstone Group LP, the world’s largest private-equity firm, rebuffed a request from securities regulators to publicly disclose the performance of its buyout and hedge funds while Fortress Investment Group LLC agreed. The U.S. Securities and Exchange Commission asked […]
Ex-Vitol Trader to Start $100 Million Oil Hedge Fund
Bloomberg – Andrew Serotta, the Vitol Group oil trader who left last year as the firm scaled back its derivatives business, said he plans to start a $100 million hedge fund called Logista Capital to trade in crude futures. The […]
Australian hedge funds slip into red
ONE News – Australian hedge funds slipped into the red in February but their declines were less than that of major sharemarket indices in Australia and the United States, new data shows. Research group Australian Fund Monitors said the domestic […]
GLG hedge fund executives reduce their salaries to $1
Financial Times – The top three executives at GLG Partners, until recently Europe’s biggest hedge fund, have cut their salaries to $1 (69p) as the global financial turmoil puts pressure on senior managers to waive their pay. Noam Gottesmann and […]