Monthly Archives: June 2008
Hedge funds learn to profit from higher volatility
Reuters- Hedge fund returns look set to pick up this year after a poor start, as managers learn the painful lessons of recent months and feel well positioned to profit from opportunities arising in credit and equity markets. Having cut […]
Girlfriend of NY hedge fund swindler who disappeared is charged with helping him escape
International Herald Tribune- The girlfriend of a missing hedge fund swindler was arrested Thursday and charged with helping him elude his sentence on the day he was supposed to begin serving 20 years in prison. Debra Ryan was charged with aiding […]
Bear Hedge Fund Managers Will Face Criminal Charges
New York (HedgeCo.Net) – The two managers behind Bear Stearns’ infamous failed hedge funds have surrendered to face charges, in what will be the first criminal lawsuit stemming from the subprime mortgage fallout. Ralph Cioffi, 52, and Matthew Tannin, 46, […]
Manhunt for hedge fund felon becomes global
Financial Times- The 10-day-long search for missing hedge fund manager Samuel Israel is entering a critical phase with law enforcement agencies sparing no expense to ensure they "get the body back" before the trail goes cold. Authorities are now working […]
Hedge fund chief pessimistic about UK property
Financial Times- John Paulson, the US hedge fund manager who made a fortune for his investors by anticipating the debacle in subprime mortgages, said on Wednesday it was too early to look for bargains in the financial sector and predicted […]
Dutch fund jazzes up portfolio with music assets
AMSTERDAM (Reuters)- The world’s third-largest state pension fund, ABP, is looking to diversify its portfolio by stepping up its investments in media rights, adding to a portfolio that already includes Justin Timberlake and Beyonce. ABP’s fund manager, APG, may invest […]
Egypt’s Naeem Said to Start $19 Million Pre-IPO Fund
Black Enterprise- Naeem Holding, Egypt’s second-largest investment bank by market value, will start a 100 million Egyptian pound ($19 million) fund to buy stakes in firms planning public listings, its chief executive said on Wednesday [June 18]. The fund would […]
Cayman Hedge Funds To Hold Repeat Fundraiser for Children
West Palm Beach (HedgeCo.net)- The fourth annual Hedge Funds Care Cayman (HFCC),“Open your heart to children benefit”, gala dinner is taking place this year in November at The Ritz-Carlton Grand Cayman. Last year, $254,000 was raised by HFCC for the […]
Hedge fund chief warns of worse to come
Financial Times- A hedge fund manager who made some of the biggest profits from the global credit crisis said on Wednesday there was worse to come as evidence mounted that banks are struggling to regain their earnings power and properly […]
Hedge fund lobby asks for more time to accommodate short-selling rules
Times Online- The hedge fund industry’s lobby group mounted a last-ditch attempt yesterday to persuade the City regulator to delay its controversial rules on short-selling, which are due to come into force tomorrow. The Alternative Investment Management Association sent a […]
Hedge funds lose shareholder vote on Jelmoli stock split
Forbes- Four hedge funds that own shares in Jelmoli Holding AG. have failed to win over investors at a vote over a proposed stock split and a special dividend at the Swiss retail and real estate companies. The four funds […]