Monthly Archives: March 2008
Unveiling sovereign wealth funds
Bangkok Post- It hasn’t been very long since acronyms such as ARM, Alt-A, MBS, CDO, or CDS began appearing in the financial news. Now it is the turn of Sovereign Wealth Funds (SWFs). These funds, which are mostly owned by high-saving […]
UK hedge fund suffers as JGB trade goes sour
Financial Times- A $3bn London hedge fund lost more than a quarter of its value on Monday as it became the biggest victim of the unwinding of a popular Japanese government bond trade. Endeavour Capital, run by former Salomon Smith […]
Spinvox stays in the game
BBC News- Last.fm, Bebo and now SpinVox – three British technology companies (or at least with some British roots) which have made big money for their founders over the last year. But here’s the difference – while the founders of […]
Hedge funds deny spreading market rumours
Sydney Morning Herald- The Australian hedge funds industry, under investigation over allegations market manipulation pushed stocks lower in recent weeks, said it supports greater disclosure when investors sell borrowed shares. The Australian chapter of the Alternative Investment Management Association, which […]
Halifax Hit by Hedge Fund Short Selling and Emergency
The Market Oracle- The Halifax (HBOS), Britain’s biggest Mortgage bank shares crashed by 20% on the opening this morning as suspected hedge fund forced short selling drove the stock price sharply lower to £3.98. This was accompanied by rumours that […]
Raphael Kassin feels no sympathy for hedge funds
CityWire.co.uk- Raphael Kassin, one of the best-known fund managers in the emerging market debt sector, is bullish about his asset class and believes he is well-placed to weather current market storms. Kassin, who is A-rated for his management of the […]
Sherr’s One William Street Leads New Hedge Fund Rush
Bloomberg- David Sherr, a former Lehman Brothers Holdings Inc. executive, is opening a New York-based hedge fund to trade today’s most toxic investments: mortgage bonds and asset-backed securities. Sherr, a 21-year Lehman veteran who most recently ran the firm’s securitization […]
Ritchie Capital to Re-File Suit against Coventry First
West Palm Beach (HedgeCo.Net) – Ritchie Capital Management has dropped its suit against Coventry First, so that it can re-file a similar suit with new claims against the Fort Washington, Pa. based life insurance company. “Our investors lost hundreds of […]
Hedge Funds Taking Legal Action against British Government
West Palm Beach (HedgeCo.Net) – 31 investors are believed to be on board in the lawsuit levied at the British government, headed by Northern Rock’s largest shareholder, SRM Global. SRM, along with other shareholders of the bank, are ready to […]
Hedge Fund Population May Shrink in Asia
Wall Street Journal- The hedge-fund party may be over in Asia. After years in which the number and assets of Asia-focused hedge funds have steadily risen, prime brokers and hedge fund managers say they expect a larger number of managers […]
UK hedge fund suffers as JGB trade goes sour
Financial Times- A $3bn London hedge fund lost more than a quarter of its value on Monday as it became the biggest victim of the unwinding of a popular Japanese government bond trade. Endeavour Capital, run by former Salomon Smith […]
Investors in hedge funds dump commodities
Minneapolis Star Tribune- Hedge fund money streaked out of commodities Wednesday like a red-hot meteor, as large speculators worried about a firming dollar and the tenuous condition of the U.S. economy and financial institutions. Debris from the flameout came from […]