Author Archives: the HedgeCo News Team
Bear Stearns Rises on Report of Higher JPMorgan Bid
BLOOMBERG- Bear Stearns Cos. surged more than 50 percent in early trading in New York after the New York Times reported that JP Morgan Chase & Co. may quintuple its takeover offer for Bear Stearns Cos. to more than $1 […]
Sherr’s One William Street Leads New Hedge Fund Rush
Bloomberg- David Sherr, a former Lehman Brothers Holdings Inc. executive, is opening a New York-based hedge fund to trade today’s most toxic investments: mortgage bonds and asset-backed securities. Sherr, a 21-year Lehman veteran who most recently ran the firm’s securitization […]
Raphael Kassin feels no sympathy for hedge funds
CityWire.co.uk- Raphael Kassin, one of the best-known fund managers in the emerging market debt sector, is bullish about his asset class and believes he is well-placed to weather current market storms. Kassin, who is A-rated for his management of the […]
Halifax Hit by Hedge Fund Short Selling and Emergency
The Market Oracle- The Halifax (HBOS), Britain’s biggest Mortgage bank shares crashed by 20% on the opening this morning as suspected hedge fund forced short selling drove the stock price sharply lower to £3.98. This was accompanied by rumours that […]
Hedge funds deny spreading market rumours
Sydney Morning Herald- The Australian hedge funds industry, under investigation over allegations market manipulation pushed stocks lower in recent weeks, said it supports greater disclosure when investors sell borrowed shares. The Australian chapter of the Alternative Investment Management Association, which […]
Spinvox stays in the game
BBC News- Last.fm, Bebo and now SpinVox – three British technology companies (or at least with some British roots) which have made big money for their founders over the last year. But here’s the difference – while the founders of […]
UK hedge fund suffers as JGB trade goes sour
Financial Times- A $3bn London hedge fund lost more than a quarter of its value on Monday as it became the biggest victim of the unwinding of a popular Japanese government bond trade. Endeavour Capital, run by former Salomon Smith […]
Unveiling sovereign wealth funds
Bangkok Post- It hasn’t been very long since acronyms such as ARM, Alt-A, MBS, CDO, or CDS began appearing in the financial news. Now it is the turn of Sovereign Wealth Funds (SWFs). These funds, which are mostly owned by high-saving […]
“Impaired life” annuities set for robust growth
Reuters- With healthy pensioners living ever longer, at a cost to the annuity industry, providers of "impaired life" annuities to smokers and the sick are carving out a rewarding niche that looks set for heady growth. With longevity rising, extended […]
Australian Hedge Funds Reject Manipulation Claims
Bloomberg- The Australian hedge fund lobby rejected allegations that its members manipulated stock prices and said it supports greater disclosure when investors sell borrowed shares. The Australian chapter of the Alternative Investment Management Association, which represents more than 60 hedge […]
Ireland’s pension fund to exclude munitions-report
DUBLIN (Reuters) – Ireland’s National Pensions Reserve Fund plans to withdraw 27 million euros (21 million pounds) of investment from six firms involved in the production of cluster munitions, Irish media reported on Wednesday. The NPRF, charged with securing funds […]
Hedge Funds Taking Legal Action against British Government
West Palm Beach (HedgeCo.Net) – 31 investors are believed to be on board in the lawsuit levied at the British government, headed by Northern Rock’s largest shareholder, SRM Global. SRM, along with other shareholders of the bank, are ready to […]