Monthly Archives: March 2007
IMA Answers Call From US Trasury Official
London 7th March 2007. The Alternative Investment Management Association (AIMA), the leading global hedge fund and alternative investment industry association today responded to a call from a US Assistant Secretary of the Treasury on hedge fund valuations. Addressing the […]
Republcans oppose new rules for hedge funds
Hartford – Senate Republicans yesterday said they do not believe their Democratic colleague, Norwalk’s Bob Duff, will muster enough bipartisan support to regulate hedge funds this session. “I can’t imagine this bill’s going to pass,” said Senate Minority Leader Pro […]
Hedge Funds To Oust “Grand Theft Auto” CEO
Shares in the makers of the video game “Grand Theft Auto”, Take-Two, shot up nearly 8%, from $1.34, to $18.95 yesterday. The increase came immediately after investors including Steven Cohen’s SAC Capital Advisors LLC and David Shaw’s D.E. Shaw & […]
Hedge Fund N I R Group Scores Highest Percent Increase
As combined assets at the largest U.S. hedge funds finally crossed the trillion-dollar mark, some are doing better than others. According to the bi-annual hedge fund survey by industry publication, Absolute Return, N.Y. based NIR Group scored the biggest increase […]
Treasury official – Current hedge fund rules protect investors
Greenwich, Conn. – The nation’s $1 trillion hedge fund industry doesn’t need further regulation because current rules are sufficient to protect investors, a federal Treasury official said Tuesday. “If the solution were as simple as granting additional regulatory authority, regulators […]
Hedge Funds Await Disclosure Decision
A fight between Northwest Airlines and a group of hedge funds to force each other to tip their hands on investment decisions and discussions has led to what could be a pivotal ruling on hedge funddisclosure. U.S. Bankruptcy Judge Allan […]
Let a thousand hedge funds bloom – in China
China should legalise hedge funds and bring in more private equity funds in order to develop the country’s futures market, a Beijing-based university professor has argued [via Bloomberg]. Professor Hu Yuyue, head of the stock futures research center at the […]
Hedge Funds Driving Bank Stocks Up 50%
New York – Hedge funds have acquired around 7% in Landesbank Berlin, the hedge funds hope to profit following the sales process, as the new majority stakeholder will be obliged to make minority shareholders a buyout offer, a report said. […]
Hedge Fund Citadel Buys Bankrupt Company
New York – Citadel Investment Group has topped Credit Suisse in an auction, agreeing to pay about $180 million for bankrupt ResMAE Mortgage Corp. Citadel, a $13.4 billion Chicago-based hedge fund, said they will allow ResMAE, the bankrupt subprime mortgagelender, to […]
Hedge funds to profit from Landesbank sale
Hedge funds are positioned to profit from the forthcoming sale of Landesbank Berlin regardless of who buys the bank, according to people involved in the auction. Their actions could also reduce the amount of cash that the city of Berlin […]
JPMorgan takes lead in hedge funds
JPMorgan has unseated Goldman Sachs as the world’s largest manager of hedge fund assets, with $34bn under management, according to a new survey. The poll conducted by Absolute Return magazine, an industry publication, said JPMorgan’s hedge fund assets grew almost […]
Industry looks to future at Hedge Funds World Middle East 2007
The hedge fund industry has enjoyed significant success in the Middle East in recent years, buoyed by a huge influx of new capital and the rapid evolution of the region’s financial services infrastructure. Soaring energy prices, development and progressive initiatives […]