Monthly Archives: March 2008
Geneva Firm Launches Multi-Asset Fund of Hedge Funds
FINalternatives- Bedrock Alternative Asset Management this month launched its first fund of hedge funds, with plans for another in the near future. The Geneva-based firm’s Dimension Fund debuted with US$36 million in assets, and Bedrock expects a further US$20 million […]
Carlyle Capital faces liquidation of $16 billion of collateral
International Herald Tribune- Carlyle Group’s mortgage-bond fund said creditors may liquidate as much as $16 billion of securities unless the two sides reach agreement on debt repayments. The fund has asked lenders to refrain from further sales after they liquidated […]
Brevan Howard and Winton hedge funds surge
Reuters- It’s not all gloom and doom in the hedge fund sector, despite some widely publicized meltdowns among funds that invested in credit securities. For instance, Brevan Howard Asset Management’s flagship fund, which manages nearly $17 billion (8 billion pounds), […]
Brokers Rush to Establish Hedge Funds
Korea Times- With deregulation planned for the capital market, securities firms find that setting up hedge funds is tantamount to expanding overseas for further growth. What better way is there than to “kill two birds with one stone” by setting […]
Investors eye property after tough 2007
Reuters UK- Many investors in alternative assets plan to invest more in real estate after poor returns from the sector in 2007, a PricewaterhouseCoopers (PwC) survey showed on Monday. John Forbes, UK real estate leader at PwC, said some investors […]
JGBs climb as market tumoil hits hedge funds
Forbes – TOKYO- Japanese government bonds jumped on Monday and the five-year yield hit a 2-1/2-year low on spreading turmoil in global credit markets that has sent investors and hedge funds scrambling to unwind losing positions. JGBs were underpinned by […]
Heads of Hedge Funds Among World’s Richest
West Palm Beach (HedgeCo.Net) – The coveted list is here! Forbes magazine has named the World’s Richest, with 1,125 billionaires making the list… the most ever. Warren Buffet took the title of World’s Richest Man, with a fortune of $62 […]
PCM Green Power Fund launches on 1st April 2008
PCM Capital is pleased to announce the launch of PCM Green Power Fund (“Fund”) on 1st April 2008. The Fund – with its Asian focus – is a pioneering Fund of “Green” Funds that invests in environmental and alternative energy […]
Can Hedge Funds Save Delphi? The Clock is Ticking
West Palm Beach (HedgeCo.Net) – Bankrupt auto parts maker Delphi is surrounded by a whirlwind of drama since trying to secure $6.1 billion in exit financing. The former GM subsidiary turned to hedge fund Appaloosa Management, who agreed to extend […]
UBS Faces Charges Amidst Record Losses
West Palm Beach (HedgeCo.Net) – Swiss bank UBS is facing yet another lawsuit, this time from Stamford, Connecticut based hedge fund Pursuit Partners. According to the allegations, UBS marketed securities as investment grade, knowing full well that they were […]
Hedge Funds Post Worst Month in Five Years
Street.Com- A tumultuous market on Wall Street is battering hedge fund managers harder than they’ve experienced in years. Hedge funds saw their worst month performance in about five years in January, generating a composite loss of 2.46%. It’s the group’s […]
Carlyle hedge fund default sends shiver through credit markets
Independent- A fund managed by the US private equity giant Carlyle Group has become the latest to be hit by demands from lending banks making calls on loans secured on mortgage bonds. Carlyle Capital Corp, a publicly traded fund […]