Monthly Archives: July 2009
SocGen reducing China fund venture stake – sources
Forbes – French bank Societe Generale (SocGen) plans to reduce its holdings in its China fund joint venture due to regulatory concerns after a global reorganisation, two people familiar with the situation said. SocGen already owns a fund venture with […]
For New Jersey Governor, a New Fund-Raising Reality
New York Times Blogs – Of all the gloomy economic indicators since the Wall Street collapse, perhaps the most startling one seen by New Jersey residents is this: Gov. Jon S. Corzine with his hand out. Mr. Corzine, whose investments […]
LNG eyes debt play on cash-strapped companies
Reuters UK – Hedge fund LNG Capital is eyeing the debt of companies at risk of running short of cash, seeing the potential for high returns at an early stage of the credit crisis when companies are still able to […]
Hedge fund to overtake managed fund growth
Financial Standard – It will take the global hedge fund sector another four years to recover assets lost since 2007, but its year-on-year growth will be faster than that of the managed fund sector, new research shows. According to Cerulli […]
LNG eyes debt play on cash-strapped companies
The Guardian – Hedge fund LNG Capital is eyeing the debt of companies at risk of running short of cash, seeing the potential for high returns at an early stage of the credit crisis when companies are still able to […]
Hedge Funds Are Leaving Money on the Table
Hedge Funds Are Leaving Money on the Table – Securities Class Action Settlement monies are due to investors hurt by fraud – is your firm collecting what it is due? Securities class action lawsuits are on the rise. In 2008, […]
SYZ & CO Expands To Hedge Funds & FoHF’s In Spain
HedgeCo.net (West Palm Beach) – International hedge fund manager and Swiss banking group, SYZ & CO, has acquired 50% of the asset management company owned by Spanish alternative investment group N+1. The joint venture, named “N+1 SYZ Gestión”, will provide […]
Fund manager Henderson warns on profit, shares tank
Reuters – Anglo-Australian fund manager Henderson Group said first half pretax profit could fall up to 50 percent after revenue was hit by falling markets, hitting its shares on Thursday. First-half pretax profit fall to 25-28 million pounds ($41-$46 million), […]
Lehman administrators plan assets return
ninemsn – Administrators for the main European unit of bankrupt US investment bank Lehman Brothers Holding Inc have revealed plans to return frozen hedge fund assets to creditors. This could start as early as next year. PricewaterhouseCoopers, Lehman Brothers International […]
Highland Park-based hedge fund manager granted bail
Chicago Tribune – Illinois hedge-fund manager Gregory Bell, who was charged with wire fraud for his role in an alleged Ponzi scheme, was granted $1.5 million bail and required to wear an electronic monitor, a federal judge in Minnesota ruled […]
Swindler pays for faking death
The London Free Press – A hedge-fund swindler who faked his own death in an effort to skip out on a 20-year prison term was sentenced yesterday to two extra years. Federal Judge Kenneth Karas said Samuel Israel III was […]
Harris: Ex-49er Steve Young joins private equity firm
Contra Costa Times – If you accept the adage that "all of life is high school," then one of the charms of Silicon Valley is its ability to turn nerds like Marc Andreessen or Mark Zuckerberg into star quarterbacks on […]