Monthly Archives: June 2007
Activist Fund Third Point Plans London IPO
Reuters- U.S. hedge fund Third Point said on Thursday it plans an initial public offering in London to raise about 500 million euros (337 million pounds), bringing one of the most aggressive activistinvestors to Europe. Daniel Loeb, the firm’s chief […]
Lifting the Lid: Hedge Funds Stay Under SEC’s Radar
Reuters- Hedge funds are flouting one of the few U.S. disclosure regulations applying to them. But instead of punishing them, the U.S. Securities and Exchange Commission may scrap one of the rules to make it more palatable for the funds, […]
ABN Expects to Raise $500 Million in Asia for Commodity Funds
Bloomberg- ABN Amro Holding NV, the biggest Dutch bank, expects to sell $500 million of commodities products to investors in Asia this year, about five times more than 2006, driven by demand frominsurance companies and money managers. The products will […]
Hedge Fund Rebel Fights Arcelor Mittal
Times Online- An influential politician, French senator Philippe Marini, has joined forces with rebel hedge funds in a campaign to stop Arcelor Mittal’s buyout of buyout of minority shareholders. Mr Marini has submitted a written question to the French finance […]
Specialized China Fund Launch
West Palm Beach (HedgeCo.Net)- Hong Kong and London based fund of hedge funds manager KGR Capital announced that it has launched the KGR Capital China Absolute Return Fund focused specifically on hedge funds invested in greater China. The Cayman Islands […]
Hedge Fund Rankings
Every local TV news channel has some segment that helps some consumer in distress–someone wronged by a renegade dry cleaner who made a hole in a beloved cashmere sweater, or a pet owner who bought amutt instead of a pedigree […]
Hedge Like Funds Can Reduce Risk
Individual investors who want something more than a plain-vanilla investing plan are increasingly trying out a new option: mutual funds that use hedging strategies. While a standard mutual fund looks for companies with good financial performance and waits for those […]
Citi Catches Up in Targeting Hedge Funds
Although Citi decided this month to restructure its global fixed-income sales business, creating three hedge fund dedicated coverage groups, rivals have been left surprised it had not done so sooner. The increasing desire to sell securities to hedge funds, coupled […]
Hedge Funds Warn Against Manipulation of Subprime Debt
New York- A group of hedge funds is telling the U.S. Securities and Exchange Commission to be on the lookout for manipulation of bonds backed by subprime mortgages. Paulson & Co., a hedge fund based in New York, told the […]
Hedge Fund Manager Faces Prison Time
West Palm Beach (HedgeCo.Net)- In an investigation conducted by the FBI, the US Postal Service and the SEC, hedge fund manager Joseph Ferona now faces prison time after pleading guilty to a fraud charge. His sentencing is scheduled for Aug. […]
JP Morgan Recommends Emerging Markets
Reuters- JP Morgan is recommending investors take advantage of the latest emerging markets sell-off to add exposure to the asset class, despite the risk of a possible interest rate rise by the U.S.Federal Reserve later this year. The bank argued […]
China Deal May Embolden Hedge Funds
Wall Street Journal- Hedge funds, known for flexing their financial muscles around the globe but still largely shut out of China, hope the quickening pace of Beijing’s reformswill open new gateways into the world’s fourth-largest economy. Chinese officials remain suspicious […]