Monthly Archives: June 2008
Gartmore short India, sees hedge fund rebound
LONDON (Reuters) Gartmore head of global emerging markets Chris Palmer is net short Indian stocks and is concerned about government interference in private enterprise and a lack of financing for growing firms, he told Reuters. Palmer, who manages a range […]
Hedge funds gang up on Babcock
The Australian- The shares of Macquarie Bank’s most ardent and successful imitator, Babcock & Brown, and several of its satellites, plumbed new depths yesterday as Barclays lost faith in the group. Shares in Babcock’s headstock have slumped from $16 to […]
Bank of America Sells Hedge-Fund Unit to BNP for $300 Million
Bloomberg- Bank of America Corp. agreed to sell its prime brokerage unit that serves hedge funds to BNP Paribas SA, France’s biggest bank, for as much as $300 million after profit at its investment bank tumbled. BNP Paribas’s purchase price […]
China’s Safe to invest $2.5bn in TPG fund
Financial Times – China’s State Administration of Foreign Exchange has agreed to invest more than $2.5bn in the latest TPG fund, in what could be the largest commitment ever made to a private equity firm, people familiar with the matter […]
Greylock Capital hedge fund hires ex Bear execs
Reuters – Greylock Capital, a hedge fund with about $600 million under management, said on Tuesday it hired several former Bear Stearns senior executives, the latest firm to bring in executives from the investment bank sold to JPMorgan Chase & […]
GGHFI Reports Strong Hedge Fund Performance in May
West Palm Beach (Hedgeco.net)- The Greenwich Global Hedge Fund Index(GGHFI)reported May returns of +2.01% while the Greenwich Composite Investable Index returned +1.66%. The May Index currently includes 1345 constituent funds. By comparison, the S&P 500 showed gains of +1.29%, while […]
Lehman may raise capital from Korea
Reuters- Lehman Brothers almost struck a deal with Korean financial institutions as part of raising $6 billion in capital, and may yet arrange one by the end of the year, the Financial Times reported on Wednesday, citing people familiar with […]
Investors punish US hedge funds for poor returns
Reuters- Investors pulled a net $5.9 billion out of U.S. hedge funds in April, marking the industry’s biggest outflow in 6-1/2 years as they punished managers for their worst-ever returns at the start of 2008. According to new data released […]
Race-Horse Hedge Funds Go to the Races
New York Times Blogs- Big Brown may have failed to complete his Triple Crown sweep on Saturday — indeed, he came in dead last. But hasn’t slowed down what appears to be a burgeoning new sector: the race-horse hedge funds. […]
Hedge-fund scammer a suicide? Victims doubt it
Philadelphia Daily News- A hedge-fund swindler who was supposed to be driving himself to prison abandoned his car on a bridge with the phrase "Suicide is Painless" scrawled on its hood, but no body has been found in the river […]
TriAlpha launches global fund of property hedge funds
HedgeWeek – TriAlpha, the asset management arm of the Stonehage Group, an international wealth management group, has launched the TriAlpha Global Property Strategy Fund, a fund of property hedge funds. The fund seeks absolute returns by focusing on hedge fund […]
FSA puts pressure on top five banks to support Bradford & Bingley
Times Online- The Financial Services Authority took the unprecedented step of pressuring Britain’s five biggest banks into supporting the revised rescue capital-raising at Bradford & Bingley last week, The Times has learnt. HSBC, Royal Bank of Scotland, Barclays, Lloyds TSB […]