Monthly Archives: March 2008

LONDON (Reuters)- U.S. investment bank Merrill Lynch and France’s Societe Generale both launched global carbon indexes on Wednesday to track the international carbon markets, which were worth some $60 billion (30 billion pounds) last year. The indexes will allow investors […]

Australian IT- Up to 1000 hedge funds around the world could collapse as the industry consolidates, casualties of the rush of long-short equity funds that entered the market during the global bull run. HSBC’s global head of hedge funds, Patrick […]

Desicritics.org- Let us compare them with a charity, ok? A charity generally spends about 13-14% on management and administration fees. In other words, out of £100 that it gets in contributions and grants, on an average, it manages to spend […]

Reuters- Hedge fund firm Pentagon Capital said it is to shut its funds, as tough credit conditions continue to hurt the hedge fund industry. The firm, run by Lewis Chester and Jafar Omid and which manages 1.1 billion pounds in […]

Dow Jones- Highfields Capital Management’s 7.7% stake in radio broadcaster Clear Channel Communications Inc. (CCU) took a big hit Wednesday, but Highfields isn’t the only big-name investor that stands to lose if the now- in-jeopardy $19.4 billion private equity buyout […]

Reuters- Man Group, the world’s biggest listed hedge fund firm, said on Thursday it would beat analysts’ average profit forecast for the year ended March 31, despite turmoil in financial markets. The group said it had benefited from a bigger-than-expected […]

West Palm Beach (HedgeCo.Net) – HedgeCo LLC, an elite name in the hedge fund service industry, announced today a strategic relationship with International Financial Administration US LLC. This alliance will offer clients of IFA the use of the HedgeCo Websites […]

West Palm Beach (HedgeCo.Net) – While investors may have gotten the short end of the stick, there is one group of people banking from the Bear Stearns takeover. Ebay sellers are enjoying skyrocketing prices on otherwise normal trinkets bearing the […]

West Palm Beach (HedgeCo.Net)- Feeling the pressure from hedge fund shareholder Steel Partners, GenCorp Inc. announced an agreement with the state Department of Toxic Substances Control, saying it had obtained environmental clearance on 2,300 acres earmarked for a massive real […]

Bloomberg- Value Partners Group Ltd., Asia’s second-largest hedge fund manager, said 2007 profit surged 66 percent on growing assets. Profit reached HK$1.42 billion ($183 million) from HK$856.3 million a year earlier, the Hong Kong-based company said in a filing to […]

This is Money- Pentagon Capital Management, a hedge fund run by Lewis Chester, a Tory donor and friend of David Cameron, today became the latest to fall victim to the credit crunch. Chester decided to close the fund, which has […]

Jamaica Observer- A couple of quick key realities and a few key assumptions: (1) 80 per cent of the world’s hedge funds are registered in the Cayman Islands – Grand Cayman is a 40 minute plane ride from Jamaica: (2) […]