Monthly Archives: March 2008

West Palm Beach (HedgeCo.Net) – April 3rd will mark a big day for investors of hedge funds if a judge chooses to proceed with an involuntary bankrupt suit in what ultimately could require Ritchie Capital to unveil their balance sheets. […]

West Palm Beach (HedgeCo.Net) – When Carlyle Capital announced that lenders would most likely take over their assets after failed attempts at refinancing, investors rushed for redemptions, causing shares to plummet and lose most of their value. “It has become […]

Daily Mash (satire)- As a massive American hedge fund faces imminent collapse, millions of people across the globe have found themselves panicking without the faintest idea why. Tom Logan, head of markets at Donnelly-McPartlin, said: "This fund was over-speculated in […]

West Palm Beach (HedgeCo.Net)- Justice Etherton has ruled that structured investment vehicle (SIV), Whistlejacket, must pay off creditors that were due to be paid on the day it declared insolvency. A statement on the ruling was issued, detailing how different […]

LONDON (Reuters)- Strengthening demand for top quality diamonds has pushed prices to world-record highs, but investments in the gemstones could sour if economic turmoil forces speculators to flood the market. Surging global economic growth and a rapid fall in the […]

LONDON (Reuters)- UK investors will have access to a much greater range of investment funds after the Treasury said on Wednesday it plans to extend favourable tax treatment to more offshore funds. The Treasury said that in order to qualify […]

NEW YORK (Reuters)- Drake Management, which manages nearly $5 billion in hedge fund assets, told investors on Wednesday that it is considering liquidating all three of its hedge funds, citing "challenging market conditions." The New York-based fixed income trader, which […]

Globe and Mail- The Great Unwind continues to rip through the financial world like my snow blower through the drifts in my driveway last weekend and the hedge fund world is the latest place where the damage is piling up. […]

Bloomberg- UBS AG, which fell 3.8 percent in Swiss trading after Carlyle Group’s mortgage-bond fund moved a step closer to collapse, said it doesn’t give uncollateralized loans to hedge funds. “All our trading and lending activity with hedge funds is […]

BBC Business- Private equity giant Carlyle Group has pledged to "stand by" investors in the firm’s failed billion dollar hedge fund, the Financial Times has reported. The firm’s co-founder David Rubenstein told the newspaper that he was working on ways […]

West Palm Beach (HedgeCo.Net) – Drake Management LLC, the firm run by former BlackRock Inc. managers, may shut down their $3 billion Global Opportunities Fund, according to a recent letter to investors. The firm’s largest hedge fund, which saw a […]

Times Online – Several hedge funds with assets of more than $4 billion (£2 billion) were on the brink of collapse last night or had halted withdrawals, despite moves by the US Federal Reserve this week to ease America’s deteriorating […]