Monthly Archives: March 2008
Babylon Fund Does Well In Iraq
West Palm Beach (HedgeCo.Net)- Godvig Capital Management’s hedge fund, The Babylon Fund, reported a rebound in Febuary, reviving a long-term uptrend, according to the company. All asset classes in the portfolio contributed to the rebound, Godvig said, Iraqi bond yields […]
Clinton offers plan to ease credit crisis
Baltimore Sun- Sen. Hillary Clinton rolled out a series of proposals yesterday to ease the nation’s housing and credit crises, including a $30 billion fund to help cities and states aid distressed homeowners, but some critics faulted it as insufficient. […]
French bank SocGen fined over internal system failings
Budapest Business Journal- The French financial market regulator AMF said Friday it had fined French bank Societe Generale €300,000 ($464,000) for breaching financial industry’s rules and a suspected insider trading. In August 2003, the Amber Fund, a Jersey-based hedge fund […]
Hedge funds seen keeping tight hold of borrowing
NEW YORK (Reuters) – Hedge funds paused on Monday from last week’s aggressive moves to pare debt and add cash to their balance sheets, but few are expected to return to a reliance on strategies involving heavy borrowing because of […]
Bear Stearns Rises on Report of Higher JPMorgan Bid
BLOOMBERG- Bear Stearns Cos. surged more than 50 percent in early trading in New York after the New York Times reported that JP Morgan Chase & Co. may quintuple its takeover offer for Bear Stearns Cos. to more than $1 […]
Hedge Funds for Habitat Raise $20,000
West Palm Beach (HedgeCo.Net)- Hedge Funds for Habitat-NYC hosted an event on Friday that brought 30 volunteers from the hedge fund industry together, many with no prior construction experience, to drywall rooms, saw wood, measure and cut metal studs and […]
Hedge Fund Asks Investors To Replace Bank Loans
West Palm Beach (HedgeCo.Net)- Hedge Fund Carrington Capital Management LLC is asking investors to lend it as much as $200 million to replace bank loans, according to the Financial Times. The $1 billion hedge fund has offered investors an 18% […]
Banks prepare for legal action against hedge funds
Irish banks are lining up with regulators in Britain and Ireland, to pursue legal action against hedge funds suspected of spreading misleading information to profit from recent stock market falls. Market sources have identified at least four specialist hedge fund […]
Polar picks up stocks from distressed hedge funds
LUXEMBOURG (Reuters)- Fund boutique Polar Capital said it has been buying up mid and small-cap stocks from hedge funds forced into distressed sales, and sees further forced selling this year as tough conditions prevail. The comments from Polar Chief Executive […]
Hedge funds: heads I win, tails you lose?
Atlantic Online- Now imagine that we set up a hedge fund with $100m from investors on the normal terms of 2 per cent management fees and 20 per cent of the return above a benchmark. We put our $100m in […]
JGB futures dip, take breather from volatility
TOKYO (Reuters)- Japanese government bond futures fell on Monday in holiday-thinned trade, taking a breather from the volatility seen last week when hedge funds and other players rushed to unload loss-making trades. Market anomalies such as negative long-term swap spreads […]
“Impaired life” annuities set for robust growth
Reuters- With healthy pensioners living ever longer, at a cost to the annuity industry, providers of "impaired life" annuities to smokers and the sick are carving out a rewarding niche that looks set for heady growth. With longevity rising, extended […]