Author Archives: the HedgeCo News Team
RAB founder welcomes more transparency
Telegraph.co.uk- Philip Richards, head of Northern Rock’s biggest shareholder, says the best solution for the bank would be the least newsworthy one. Listening to the head of one of London’s biggest hedge funds publicly welcoming closer scrutiny of the industry […]
Minimum-Tax Fix May Cost Buyout Firms, Hedge Funds $48 Billion
Bloomberg- House Ways and Means Committee Chairman Charles Rangel said he will propose a $48 billion tax increase on executives of hedge funds and private-equity firms to help pay for curbing thealternative minimum tax this year. The New York Democrat […]
Merrill Lynch to offer brokerage for SA hedge funds
Moneyweb- Merrill Lynch & Co, the world’s largest broker, plans to start offering prime-broking services to South African hedge funds to tap increasing growth. New York-based Merrill Lynch will vie with local brokerages including those of Peregrine Holdings, Investec […]
Deposit growth slows at hedge funds
Chicago Tribune – Hedge-fund managers attracted $45.2 billion in the third quarter, a decline from record fundraising earlier in the year as subprime-mortgage losses hurt investment returns. New money gathered from investors worldwide fell by more than a fifth, from […]
Hellman Turns to Hedge Funds in Goodman Takeover
Bloomberg– Hellman & Friedman LLC agreed to acquire Goodman Global Inc. for $1.76 billion, turning to hedge funds including Farallon Capital Management LLC for backing after banks curtailedtheir financing of leveraged buyouts. The San Francisco-based firm will pay $25.60 a […]
Templeton’s Mobius Endorses Indian ‘P-Note’ Crackdown
Forbes -The proposal by securities regulators to phase out offshore participatory notes as a means of investing in Indian equities got a vote of support Tuesday from investment guru Mark Mobius. Hesaid such a move wouldn’t stop the record flow […]
Greenspan Concerned With Low-risk Long-term Rates
West Palm Beach (HedgeCo.Net)- According to former Federal Reserve Chairman Alan Greenspan, “Low risk-free long-term rates worldwide seem to be one factor driving investors to reach for higher returns, thereby lowering the compensation for bearing credit risk and many other financial […]
Wealthy ‘moving to hedge funds’
BBC News- The study said the global rich are increasingly attracted by private equity schemes and hedge funds as they offer more stable returns than shares. Its findings come after recent global stock market volatility. The report by Barclays Wealth […]
Bank calls for cluster analysis of hedge funds
Money Marketing- The convergence between hedge fund and equity market returns could cause confusion on how such funds should be used to diversify investment portfolios, says the Bank of New York Mellon. A study conducted by the bank and research […]
Bear Stearns, China firm swap investments
Baltimore Sun- Bear Stearns Cos. and a Chinese government-controlled securities firm agreed yesterday to invest $1 billion in each other and combine some operations in Asia, giving the U.S.brokerage an entrance into China’s insular financial sector. The investment is the […]
Gulf funds to become major powerbrokers
Zawya.com- The petrodollar-driven sovereign wealth funds (SWFs) will become major powerbrokers in global financial markets, said Walter Kielholz, chairman of Credit Suisse Group. Speaking at a symposium, The Changing Contours of Global Finance organised by the Institute of International Finance, […]
Champions of U.S. superfund seen losing argument
ZURICH Reuters- Whether a $75 billion fund to rescue the battered mortgage-backed securities market takes off or not, its sponsor U.S. Treasury Secretary Henry Paulson seems to be losing the argumentover its merits, strategists and economists said. The fund, announced […]