Monthly Archives: July 2009
Hedge fund firm TCI’s profits surge – Reuters
Reuters – Activist hedge fund firm TCI, which launched an attack on ABN AMRO in 2007 that helped trigger the Dutch bank’s sale, has seen profits surge 73 percent but warned this year will be tougher. The Children’s Investment Fund […]
KBC says stops BlueCrest fund leverage facility
Reuters – Belgian bank KBC said it had terminated a $219 million leverage facility it provided to BlueCrest Specialty Asset Finance, a fund run by UK hedge funds manager BlueCrest Capital Management. It was not immediately clear how much of […]
Camulos May Give Mariner Role in Hedge-Fund Business Operations
Bloomberg – Camulos Capital LP, a hedge-fund firm founded by former Soros Fund Management LLC trader Richard Brennan, is in talks to have Mariner Investment Group run its business operations. Mariner, an $11 billion firm managed by Bill Michaelcheck, may […]
KBC says stops BlueCrest fund leverage facility
Reuters – Belgian bank KBC said it had terminated a $219 million leverage facility it provided to BlueCrest Specialty Asset Finance, a fund run by UK hedge funds manager BlueCrest Capital Management. It was not immediately clear how much of […]
Hedge fund firm TCI
Reuters – Activist hedge fund firm TCI, which launched an attack on ABN AMRO in 2007 that helped trigger the Dutch bank’s sale, has seen profits surge 73 percent but warned this year will be tougher. The Children’s Investment Fund […]
Swiss Hedge Fund Manager’s Indice Tops Charts
HedgeCo.net (West Palm Beach) – Hedge fund performance specialist Alternative-Index Ltd., fully owned by hedge fund manager, Salus Alpha Group AG, reported that the Relative Value Index (RVX) is the top performing Alternative Investment Indices (AI-Index) in June 2009 with […]
Feds raid 2 NY homes owned by Ohio hedge fund firm
Newsday – FBI agents have raided a pair of multimillion-dollar Buffalo-area homes owned by a hedge fund firm from Cleveland. Dozens of agents on Wednesday swarmed the neighboring properties in Hamburg, just south of Buffalo. The U.S. Attorney’s office isn’t […]
Och-Ziff funds gain in June, but assets fall
Reuters – Och-Ziff Capital Management Group, a U.S. hedge fund giant banged up by last year’s market turmoil, said its funds continued their 2009 revival with June gains, although assets under management slipped once again. The New York firm estimated […]
Clock Ticking on Accord to Sell Good GM Assets
New York Times Blogs – In his court testimony on Wednesday in New York, Mr. Wilson — formerly a senior executive of Silver Point Capital, a hedge fund specializing in distressed-debt investments — described some of the negotiation process that […]
Judge Names Receiver in Madoff Feeder Fund Suit
Law.com – Goodwin Procter partner David B. Pitofsky was appointed Monday as receiver of the $1.7 billion Ascot fund put together by financier J. Ezra Merkin, almost all of which was invested with Bernard L. Madoff and lost. Justice Richard […]
DJ Gottex Fund Gets Investment, Advisory Mandate From Nestle –
TradingMarkets.com – Asset manager Gottex Fund Management Holdings Ltd. (GFMN.EB) said Thursday it has been awarded an investment and advisory mandate by Nestle Capital Advisers S.A. The investment management mandate applies to one of Nestle Pension Funds’ hedge fund portfolios; […]
Hedge fund investors to demand more data
Reuters – Many hedge fund investors burned by last year’s market meltdown will likely demand a system of checks and balances in which outsiders keep a closer watch over assets, data released on Wednesday show. Pension funds, endowments and wealthy […]