Monthly Archives: April 2009
John Ho to step down as Asia chief at The Children’s Investment Fund
Times Online – John Ho, the head of The Children’s Investment Fund’s (TCI) operations in Asia, is poised to resign over what sources describe as a “clash of minds” with Chris Hohn, its notoriously abrasive founder. The same sources said […]
Gold, Little Changed in London, May Fall on Lower Hedge Demand
Bloomberg – Gold, little changed in London, may drop on lower demand for an inflation hedge after U.S. consumer prices posted their first annual decline since 1955. The consumer price index fell 0.4 percent in March from a year earlier, […]
Star commodities traders ditch banks for hedge funds
Reuters – Star commodity traders, once synonymous with high-profile banks, are leaving for little-known investment firms that let them work and earn in ways iconic Wall Street firms no longer can. The financial crisis and its amplifying threat on risk […]
US Law Firm Investigating OppenheimerFunds for ‘Hedge Fund Like’ Trading
West Palm Beach (HedgeCo.net) – OppenheimerFunds, Inc. and OppenheimerFunds Distributor, Inc. is being investigated by US law firm Hagens Berman Sobol Shapiro for alleged violations of federal securities laws among other things on behalf of investors in the Core Bond […]
MassMutual hedge fund sued in loss
Boston Globe – A Boston law firm has filed a class-action lawsuit against a hedge fund controlled by Massachusetts Mutual Life Insurance Co. for placing all of the fund’s assets with Bernard Madoff, who is facing life in prison for […]
General Growth files for bankruptcy protection
Reuters – General Growth Properties Inc GGP.N, the second largest U.S. mall owner, on Thursday filed for bankruptcy protection on Thursday, making it one of the biggest real estate bankruptcies in U.S. history. Ending months of speculation, the Chicago-based mall […]
South Africa: FSB Aims to Tame Hedge Funds
AllAfrica.com – The Financial Services Board (FSB) has begun work on legislation to control hedge funds, which played a critical role in the global economic meltdown. FSB CEO Dube Tshidi said yesterday the aim with the legislation, a first for […]
Top hedge fund boss picks return of bull market
New Zealand Herald – The modest recovery staged by world stock markets in recent weeks may mark the beginning of a new bull market for equities, one of the UK’s best-known hedge fund managers said yesterday. Crispin Odey, the founder […]
Hedge funds set to be back in game
Zawya.com – The worst may be over for hedge funds with redemptions recording a decline for the third consecutive month in March and industry players expecting stability to return soon. Net investor redemptions and liquidations in March were an estimated […]
Pension fund kickback accusation leveled in Albany
Democrat and Chronicle – The former chairman of the state Liberal Party was accused Wednesday of receiving at least $800,000 from the state pension fund as a kickback for helping elect former Comptroller Alan Hevesi and Hevesi’s son. Raymond B. […]
UPDATE 1-Hedge fund manager Odey eyes new bull market
Forbes – The current rally in stock markets may be the start of a new bull market, said hedge fund manager Crispin Odey, founding partner at Odey Asset Management and one of the hedge fund industry’s highest profile figures. ‘Opinion […]