Monthly Archives: June 2011
Euro drops as Greece wrangling sours mood
Reuters – The euro came under renewed pressure on Wednesday as markets refocused on the euro zone’s debt problems after Moody’s threatened large French banks with possible downgrades, while hedge funds bet on further drops in the currency. The step, […]
Einhorn Could Get Control Of New York Mets For $1
Forbes – In three years hedge fund manager David Einhorn could gain control of the New York Mets for $1. Last month Einhorn and the owners of the MLB team, Fred Wilpon and Saul Katz, came to terms on a deal in […]
WaMu talks with shareholders collapse: source
Reuters – Settlement talks with Washington Mutual Inc shareholders to end their objections to the company’s proposed reorganization have collapsed, sources told Reuters on Wednesday. Washington Mutual has been negotiating with creditors and shareholders to end its bankruptcy and get wide […]
Family Offices Look to Add More Hedge Funds
DealBook – Ever since the financial crisis hit, small hedge funds have been under a cloud. They’ve struggled to raise money more than their bigger brethren, who appeal to investors looking for the safety of size. Big funds also benefit […]
CQS to Restrict Investments in Fund When Assets Hit $2 Billion
Bloomberg – CQS U.K. LLP, the London-based firm founded by Michael Hintze, plans to restrict new investments into a hedge fund that trades mortgage-backed securities once its assets under management reach $2 billion, according to a letter sent to clients. […]
People Moves: David Katz Joins Hedge Fund Seeder Larch Lane
New York (HedgeCo.net) – Larch Lane Advisors LLC has appointed David Katz as President and Chief Operating Officer. The addition of Katz to the Larch Lane team underscores the firm’s long-term commitment to providing advisory services focused on early stage […]
Hedge Fund Mergers: The Carlyle Group to Purchase 55% Stake in Emerging Sovereign Group
New York (HedgeCo.net) – $106.7 billion global hedge fund manager The Carlyle Group has agreed to purchase a 55% stake in $1.6 billion Emerging Sovereign Group (ESG), a New York-based emerging markets equities and macroeconomic strategies investment manager, in exchange for […]
Hedge funds cut short positions as European Union ponders more regulation
Hedge Funds Review – Hedge funds have more than halved their levels of securities borrowing amid fears over pending regulation affecting shorting being discussed by the European Union. Hedge fund managers have severely cut back on securities borrowing for shorting positions […]
Mystery hedge fund targets PGC
NBR – Canterbury’s Pyne Gould Corporation, which merged its finance unit Marac into the newly formed Heartland New Zealand, has attracted the attention of a Californian hedge fund. The Californian’s reputation proceed them; the Baker Street fund is known for making […]
FRM Capital Advisors seeds event-driven hedge fund Eagle River
Opalesque Industry Updates – FRM Capital Advisors, the hedge fund seeding division of Financial Risk Management, and Eagle River Asset Management LLC have formed a strategic relationship under which FCA has made a significant investment in Eagle River’s fund. The […]
Ex-DKR Fischer aims to raise up to $1 bln in hedge fund-source
Reuters – Seth Fischer, who once managed $3.3 billion for DKR Soundshore Oasis Fund, will open his multi-strategy hedge fund in late summer to external investors, aiming to raise up to $1 billion, a source with direct knowledge of the […]
Carlyle Acquires 55% of Tiger-Backed Emerging-Market Fund
Bloomberg – Carlyle Group agreed to buy a 55 percent stake in Tiger Management LLC-backed Emerging Sovereign Group LLC, which oversees $1.6 billion in assets, its second purchase of a hedge-fund manager in six months. ESG’s principals, including Kevin Kenny, […]