Monthly Archives: March 2009
Connecticut’s “Rodeo Drive” Abandoned as Hedge Funds Collapse
Bloomberg – Finding a parking spot for your Mercedes or BMW on Greenwich Avenue, the main shopping strip of the U.S. hedge-fund capital, used to be a challenge. Not anymore. With the recession hammering retail sales, empty curbside spaces abound […]
Weavering to Liquidate Largest Fund Amid Swap Probe
Bloomberg – Signet Capital Management Ltd., a hedge fund investor that overseas about $2 billion, wrote down to zero an investment in Weavering Capital, the London-based hedge fund that filed for administration last week. PricewaterhouseCoopers LLP is liquidating the $506 […]
What If Washington Bailed Out of Bailouts?
Business week – The idea certainly seemed all right to throngs of Americans who were outraged by news that American International Group (AIG) paid out millions of dollars in executive bonuses after it was rescued with taxpayer cash. But would […]
John Rutledge
Forbes – John Rutledge is the chairman of Rutledge Capital, a private equity investment firm that has invested more than $150 million in middle-market manufacturing, distribution and service companies. He is also member of the Advisory Boards of B.V. Group, […]
Coller to launch new private equity fund
Reuters UK – London-based Coller Capital, which specialises in buying private equity from investors making early exits, said on Monday it expects to launch a new fund this year to tap growing interest in the "secondary" market for private equity. […]
Hedge-Fund Investors Hire Private Eyes to Avoid New Madoffs
Bloomberg – Randy Shain said he wasn’t stunned when hedge-fund managers Paul Greenwood and Stephen Walsh were arrested last month for allegedly misappropriating $554 million in client funds. A probe three years ago by his First Advantage Investigative Services LLC […]
Obama Seeks Investors in Plan to Buy Illiquid Assets
Bloomberg – The Obama administration will announce details of a plan today to expand the $700 billion rescue of the financial system that will rely on enticing private investors to buy the troubled assets clogging banks’ balance sheets. Treasury Secretary […]
Jobless bankers may lift Asian hedge fund numbers
Reuters – The number of Asian hedge funds could increase by 10 percent this year as more unemployed bankers and traders launch new funds and the cost of doing business slumps, an industry expert said on Monday. "It’s much better […]
NY State Pension Fund Linked to Millions in Kickbacks from Private Equity, Hedge Funds
New York (HedgeCo.Net) – Two high-ranking men who worked in the New York State comptroller’s office were arrested yesterday after it was discovered they took millions of dollars in kickbacks from private equity and hedge funds, said Attorney General Andrew […]
February Hedge Fund Performance
West Palm Beach (HedgeCo.net) – Morningstar reported a sharp decline in credit and equity markets as the U.S. government announced its stimulus package and financial stability plan. February saw a huge sell-off in U.S. and European bank stocks caused by […]
Hedge Fund Heavyweights
CNBC – Video discussing the administration’s policy and economic projections, with Michael Steinhardt, WisdomTree Investments; Leon Cooperman, Omega Advisors and Mario Gabelli, Gamco Investors. Read Complete Article
Hedge fund shrink says success is all in your head
Reuters – Hedge fund managers may want to get their heads examined. We’re not talking Rorschach tests and distant memories of parents. Rather, psychiatrist Ari Kiev has helped hundreds of star traders improve their market performance by increasing concentration, managing […]