Monthly Archives: June 2011
Hedge funds fill lending void
Economic Times – Hedge fund managers have been called plenty of names. Now, they can add another: local banker. When Rentech, a clean energy business in Los Angeles, was rejected by its long-time banker last year, it asked a hedge […]
Cheyne Capital Wins Best European Event Driven Hedge Fund Award
New York (HedgeCo.net) – Cheyne Capital Management’s European Event Driven Fund won the Best Event Driven Hedge Fund category at the 11th annual Hedge Funds Review European Performance Awards. The Cheyne European Event Driven Fund achieved returns of +20.5% in […]
Hennessee: Hedge Funds Protect Capital as Markets Decline
New York (HedgeCo.net) – The Hennessee Hedge Fund Index declined -0.54% in May (+2.86% YTD), while the S&P 500 declined -1.35% (+6.97% YTD), the Dow Jones Industrial Average fell -1.88% (+8.56% YTD), and the NASDAQ Composite Index decreased -1.33% (+6.87% […]
U.S. Hedge Funds to Fight Bank of Ireland Restructuring
WSJ – A group of U.S. hedge funds with large stakes in Bank of Ireland PLC’s subordinated debt is preparing to fight the government’s proposed restructuring of €2.6 billion ($3.82 billion) in junior bonds. The funds have hired Thomas Lauria, […]
Freight Traders Luring Hedge Funds to Expand Market
Bloomberg – The new freight derivatives trading screen from the Baltic Exchange, a 267-year-old bourse that sets global shipping prices, will attract hedge funds and expand the $24 billion market, Citigroup Inc. (C) and Cargill Inc. said. Baltex starts today after […]
U.S. colleges accused of African “land grabs”
CBS News – The questionable, unchecked, speculative practices of large financial institutions that sent the world into a near-calamitous economic recession recently are being repeated in Africa through land-grabbing deals, The Oakland Institute, a California-based think tank, said in a recent […]
Burbank Contrarian Bets on Saudis Show Why Oil Reality Helps Return 23.6%
Bloomberg – As a hedge-fund manager who thrives on turbulence in the commodities markets, John Burbank couldn’t have done better than the first week of May. The prices of oil, metals and other raw materials nose- dived the most in […]
Hedge Funds Outperform In May
New York (HedgeCo.net) – Hedge funds were down 1.15%1 in May, ending a ten month winning run for the industry. However managers in all regions outperformed their respective underlying market indices, as the MSCI World Index declined by 2.52%2 during […]
Grassley Grants More Time for S.E.C. Response
NYT – The Securities and Exchange Commission is seeking more time to respond to a Congressional request regarding how the agency handled referrals about suspicious trading activity at the hedge fund SAC Capital Advisors. In a letter last month, Senator Charles E. […]
Ex-Primary Global executive to plead guilty: lawyer
Reuters – A former employee of a so-called expert network firm is expected to plead guilty to charges of conspiring with others to leak corporate secrets to hedge funds in exchange for money, part of a broad U.S. crackdown on […]
Muddy Waters ‘Pre-Marketed’ Sino-Forest Report to Hedge Funds, Dundee Says
Bloomberg – Muddy Waters Research, the firm founded by short seller Carson Block, “pre-marketed” its June 2 report on Sino-Forest Corp. (TRE) to hedge funds for the past five weeks, said an analyst at Dundee Securities Ltd. Sino-Forest tumbled 34 […]