Monthly Archives: March 2009
Hedge Funds That Bet Against Housing Market May Get AIG Cash
Wall Street Journal – Some of the billions of dollars that the U.S. government paid to bail out American International Group Inc. stand to benefit hedge funds that bet on a falling housing market, according to people familiar with the […]
Aviva moves to stop lending shares to hedge funds
Insurance giant Aviva could end the practice of lending shares to hedge funds in a move against short-selling. Aviva shares were battered on the stock market earlier this month – losing 40pc of their value in two days – amid […]
AIMA Statement On G20 Finance Ministers Meeting
“We welcome the communiqué from the G20 Finance Ministers. AIMA, as the trade body for the global hedge fund industry, has already announced its support both for the authorisation and regulation of hedge fund managers worldwide with their national regulators, […]
Stanford Receiver, SEC Ask Judge to Bar Investors From Lawsuit
Bloomberg – Stanford Group Co.’s court-appointed receiver and securities regulators asked a U.S. judge to deny requests by hundreds of investors to join the regulatory lawsuit at the heart of an $8 billion fraud investigation. The receiver, Ralph Janvey, and […]
U.S. Fund Swindler Pleads Guilty to Jumping Bail
Reuters – Jailed Bayou hedge fund swindler Samuel Israel pleaded guilty on Monday to jumping bail in an episode in which he faked his own suicide last year in an attempt to avoid going to prison. Israel’s plea had been […]
Hedge funds seek to head off regulation
The Independent – Three major European and US hedge fund groups yesterday pledged to work towards worldwide best practice standards after G20 ministers outlined plans to regulate the freewheeling sector. The London-based Alternative Investment Management Association and US counterparts the […]
Citi: Hedge Funds to Jump at Toxic Asset Opportunities
Private Equity Hub – Wealth managers at Citi are telling their clients to watch for a burst of hedge fund activity in bad assets. The wealth investor says in its most recent note that the biggest opportunity for hedge funds […]
Yen Swap Spreads Near Record as Hedge Funds Stay Away, RBS Says
Bloomberg – Japan’s attempts to end financial turmoil failed to lure hedge funds back to its swap markets, leaving premiums paid by domestic borrowers near a record, RBS Securities Japan Ltd. said. Hedge funds, which lost more than $400 billion […]
European Commission Looking For Commentary From Hedge Funds
West Palm Beach (HedgeCo.net) – In an effort to makes major changes to the EU financial regulation services, the European Commission (EC) has launched ‘Driving European Recovery’, a consultation on major structural changes to European financial services and markets regulation. […]