Author Archives: the HedgeCo News Team
JPMorgan to buy Bear as Fed opens lending to Wall St
NEW YORK (Reuters) – JPMorgan Chase & Co set a deal to buy stricken rival Bear Stearns for a rock-bottom price, while the U.S. Federal Reserve expanded lending to securities firms for the first time since the Great Depression to […]
Liquidity of Singapore banks, hedge funds sound
Reuters- Singapore’s central bank said on Monday the city-state’s banks and hedge funds have enough cash amid the global turmoil in financial markets. Financial markets have been roiled by fears that more banks and hedge funds may be on the […]
Boss rues collapse of hedge fund
BBC Business- Private equity giant Carlyle Group has pledged to "stand by" investors in the firm’s failed billion dollar hedge fund, the Financial Times has reported. The firm’s co-founder David Rubenstein told the newspaper that he was working on ways […]
UBS Doesn’t Give Uncollateralized Hedge-Fund Loans
Bloomberg- UBS AG, which fell 3.8 percent in Swiss trading after Carlyle Group’s mortgage-bond fund moved a step closer to collapse, said it doesn’t give uncollateralized loans to hedge funds. “All our trading and lending activity with hedge funds is […]
Hedge funds now feeling the pain from The Great Unwind
Globe and Mail- The Great Unwind continues to rip through the financial world like my snow blower through the drifts in my driveway last weekend and the hedge fund world is the latest place where the damage is piling up. […]
Drake considers liquidating all hedge funds
NEW YORK (Reuters)- Drake Management, which manages nearly $5 billion in hedge fund assets, told investors on Wednesday that it is considering liquidating all three of its hedge funds, citing "challenging market conditions." The New York-based fixed income trader, which […]
Budget move to open up more funds to UK investors
LONDON (Reuters)- UK investors will have access to a much greater range of investment funds after the Treasury said on Wednesday it plans to extend favourable tax treatment to more offshore funds. The Treasury said that in order to qualify […]
Record diamond prices spark fears over speculation
LONDON (Reuters)- Strengthening demand for top quality diamonds has pushed prices to world-record highs, but investments in the gemstones could sour if economic turmoil forces speculators to flood the market. Surging global economic growth and a rapid fall in the […]
SIV To Pay Creditors In Full
West Palm Beach (HedgeCo.Net)- Justice Etherton has ruled that structured investment vehicle (SIV), Whistlejacket, must pay off creditors that were due to be paid on the day it declared insolvency. A statement on the ruling was issued, detailing how different […]
Hedge funds have overtaken the Big Bang as the most important thing people know nothing about
Daily Mash (satire)- As a massive American hedge fund faces imminent collapse, millions of people across the globe have found themselves panicking without the faintest idea why. Tom Logan, head of markets at Donnelly-McPartlin, said: "This fund was over-speculated in […]
Carlyle Capital Unable to Halt Redemptions
West Palm Beach (HedgeCo.Net) – When Carlyle Capital announced that lenders would most likely take over their assets after failed attempts at refinancing, investors rushed for redemptions, causing shares to plummet and lose most of their value. “It has become […]
Ritchie Capital Awaits Next Hearing
West Palm Beach (HedgeCo.Net) – April 3rd will mark a big day for investors of hedge funds if a judge chooses to proceed with an involuntary bankrupt suit in what ultimately could require Ritchie Capital to unveil their balance sheets. […]