Monthly Archives: June 2009
Flower Exporter Karuturi Raises Rs 290 Cr From FIIs, Promoter
VC Circle – Flower exporter Karuturi Global is raising Rs 290 crore from its promoter Ramakrishna Karuturi and a consortium of foreign institutional investors (FIIs). Both promoter and FIIs are together subscribing 241.5 million warrants of Rs 12 each, which […]
May Was Good to Hedge Funds – But How’s The Future
CNBC – Hedge funds posted their best monthly performance in a decade in May, taking advantage of rallying stock markets and distressed opportunities across the board, according to the latest numbers from the Absolute Return Composite of hedge fund indices.The […]
Omgeo and EuroCCP Partner to Streamline Prime Broker/Hedge Fund Trade Processing
West Palm Beach (HedgeCo.net) – Omgeo and EuroCCP today announced they have launched joint development of a pan-European equities central counterparty (CCP) service for hedge fund transactions. The new service will mitigate the counterparty risks and reduce the inefficiencies that […]
HSBC to Stop Structured Financing for Fund Investors
Bloomberg – HSBC Holdings Plc’s U.S. securities division will no longer extend structured financing to hedge- fund investors to leverage their investments, according to people familiar with the company’s plans. The bank is halting the financing by its structured-funds products […]
Hedge Fund Legends: Lee Ainslie
Seeking Alpha – Continuing our series of hedge fund profiles and biographies, we turn our attention now to Lee Ainslie of Maverick Capital. We thought this transition was appropriate given how we just yesterday initiated our profile series with coverage […]
Sam Jones named Hedge Fund Correspondent at Financial Times
Journalism.co.uk – The Financial Times has appointed Sam Jones as hedge fund correspondent. In his new role, Jones will be in charge of covering the global hedge fund industry. "Hedge funds are in a state of crisis: they are hugely […]
EU laws seen driving hedge funds from UK
Reuters UK – Some hedge funds will leave the UK if draft new European law is not changed, said one manager present at a meeting this week with the Treasury, in which the industry expressed grave doubts about the rules. […]
US fund manager agrees extradition from HK
Forbes – A Silicon Valley hedge fund manager accused of bilking investors out of at least $5 million has agreed to be extradited from Hong Kong to the United States, a government lawyer said Friday. Fund manager Albert Hu, an […]
Hedge Fund Indictment Says Cravath, Bryan Cave Were Duped
Law.com – Federal prosecutors Thursday unsealed an indictment charging the chief executive of what used to be one of the world’s largest investment funds with constructing elaborate tax shelters for some of his wealthiest clients. The executive, Jeffrey Greenstein, the […]
Pearl chief Hugh Osmond pays price for capital boost and debt cut
Times Online – Hugh Osmond is sitting on a multimillion-pound paper loss after his Pearl Group life assurer agreed a deal to trim its £3 billion debt burden and bring in new equity investors. Pearl secured a £500 million injection […]