Author Archives: the HedgeCo News Team
Hedge funds move to block Arcelor-Mittal merger
Worldnews.com= Hedge funds in steel giant Arcelor asked a Dutch court on Wednesday to block the company’s 30 billion ($40 billion) takeover by Mittal Steel, saying that a revised share swap deal has cost them $205 million. “We are only […]
Hedge Funds Circle $43-Billion Fire Sale
CNBC – Fire sales worth up to $43 billion could soon spark a flurry of opportunistic investment, according to a recent report from the Royal Bank of Scotland, as the ongoing squeeze in the commercialpaper market forces investment banks to […]
MARKETS BRACE FOR SEISMIC SEPTEMBER
New York Post – The Labor Day weekend is over, the kids are back in school and Wall Street traders have returned to their desks, bracing themselves for a bumpy ride. But this year investors shouldn’t count on the “Santa […]
China Inc’s profit growth forecast doubles
SHANGHAI (Reuters)- Fund managers and securities analysts have doubled their forecasts for Chinese firms’ profit growth in the second half of 2007 to 50 or 60 percent after China Inc posted spectacular earnings for the first half. The forecasts, based […]
Offshore funds may lose protection from US litigation
Caymen Net News- Offshore status may not protect Cayman Islands-registered companies from litigation in the USA. The recent collapse of three Cayman-based hedge funds had fuelled fears that a 2005 amendment to the US Bankruptcy Regulations would prevent creditors of […]
Tech Stocks: A Summer of Love
Business Week- Technology stocks are enjoying an uncommon summer of love, as investors have been shifting money away from financial companies in light of the subprime and credit market troubles. “This year, tech stocks are outperforming pretty notably,” says Scott […]
Barclays Bails Out A Hedge Fund – Forbes
Forbes- Barclays now has to grapple with both a buyout and a bailout. Midway through its gargantuan takeover bid for Dutch rival ABN Amro, the British bank said it is rescuing a hedge fund client with a $1.6 billion loan. […]
South Africa’s New Hedge Fund Regulations
West Palm Beach (HedgeCo.Net)- Just as South Africa’s Financial Services Board (FSB) is coming out with new regulations governing the area’s hedge fund industry, Terrapinn is presenting Hedge Funds World Africa 2007. Last year there was a record turnout of […]
Recession fears as more hedge funds crumble
ABC Online- An influential global economist has warned the widening financial crisis could plunge the world into recession, as an Australian company becomes the latest victim of the market turmoil. The Sydney-based hedge fund Basis Yield Alpha, run by entrepreneurs […]
Asia hedge funds’ simplicity may be saving grace
SINGAPORE/HONG KONG (Reuters)- The Asia-Pacific’s hedge fund industry, long seen as less sophisticated than its U.S. and European peers, is about to find out its focus on equities rather than complicated debt instruments may be its saving grace. Even though […]
Cayman Island Hedge Fund Bankruptcy Decision on Hold
West Palm Beach (HedgeCo.Net)- Judge Burton Lifland of the southern New York court recently announced his decision regarding the bankruptcies of two Bear Stearns Cayman Island hedge funds,Lifland said that he is keeping the funds’ assets out of creditors’ reach […]
Cheyne selling SIV assets
LONDON (Reuters)- Cheyne Finance, a structured investment vehicle (SIV) managed by hedge fund Cheyne Capital Management, said on Wednesday it was seeking to restructure after the value of its investments fell enough to force it to start selling assets. Standard […]