Author Archives: the HedgeCo News Team
IFSB Speaks Out
HedgeCo. Net- According to professor Rifaat Ahmed Abdel Karim, Secretary General of the Islamic Financial Services Board (IFSB), “Islamic finance, despite its unique characteristics, is diverse in its application and has universal appeal as a viable alternative means of financing”. Professor […]
Swedish hedge funds hit by November stock market turbulence
Thomson Financial- Swedish hedge funds were hit hard by November’s market turbulence, with 47 of 75 falling in the month, of which 13 dropped by 5 pct or more, reported the online edition of DagensIndustri, citing its survey of hedge […]
Bear Stearns faces new round of hedge fund claims
Reuters- The first of a new round of investor claims was filed against Bear Stearns Cos. on Wednesday for its role in managing two mortgage hedge funds that collapsed earlier this year, securitieslawyers said. The claims, which will be submitted […]
Singapore Hedge Fund Mecca Lures Japanese Dismayed by Regulator
Bloomberg- Akira Sunaga runs a Japanese hedge fund and displays the rising sun of his country’s flag on company name cards. His office is in Singapore. Sunaga chose the island state, 3,294 miles (5,300 kilometers) from Tokyo, as the best […]
US SEC probing hedge fund investor trading schemes
Reuters- The U.S. Securities and Exchange Commission, which recently stepped up probes of hedge funds, is looking at whether banks and others are investing in hedge funds to share inside information,an SEC official and securities lawyers said on Wednesday. The […]
Bankrupt Cayman Islands hedge funds seek more time to argue for appeal
Caribbean Net News – Bear Stearns Cos.two bankrupt Cayman Islands hedge funds have asked for more time to argue their appeal after legal experts and one of Bear Stearns’s own entities said they support an initial decision denying the funds […]
International Herald Tribune
Regional bank WestLB AG said Thursday it made its first nine-month loss in four years, with results hampered by global market turmoil and the spread the of the U.S. subprime crisis. The state-owned regional bank said it lost €148 million […]
Bush Plans 5-Year Freeze On Some Subprime Rates
President Bush said his administration’s new mortgage relief plan should be able to help 300,000homeowners take steps to stay in their homes over the next year. Bush spoke in the White House just minutes before Treasury Secretary Henry Paulson and […]
Some big hedge funds surge with market upheavals
Reuters- Many hedge funds have had a rough ride this year, particularly in August and November, but a number have benefited from the market volatility to produce substantial gains, fund managers andothers said on Tuesday. Some large firms, such as […]
Peering over the hedge
CNN- For the modern day MBA student the sector is venerated very nearly as much as that of private equity, while to the uninitiated it is almost as mysterious — welcome to the world of the hedge fund. Not only […]
Credit Suisse to Launch Product That Mimics Hedge Fund Returns
Bloomberg- Credit Suisse Group plans to launch a product to replicate hedge fund performance with more liquid securities by the first half of 2008, said Oliver Schupp, a managing director in thefirm’s alternative investments business. The product, the first of […]
Survey Shows Investors Seek Higher Wages
HedgeCo.Net- A survey conducted by JobSearchDigest.com focusing on the private equity and venture capital job market, revealed that some experienced, well-paid industry players are not satisfied with their compensation, which might cause them to leave. On average, the respondents stated […]