Author Archives: the HedgeCo News Team
Volatile Markets Spook Money Centers
Wall Street Journal- For the past two years, financial institutions fueled the robust office markets of New York and London. Rental rates soared to record highs as hedge funds and a few other financial institutions elbowed each other out of […]
Directors buy more Man Group shares
Reuters- Hedge fund manager Man Group Plc said on Friday three directors had bought more shares in the company whose share price has fallen sharply amid the sell-off in global equity markets. Man said non-executive Deputy Chairman Stanley Fink, who […]
Oil and gas prices diverge as hedge funds cut bets
Financial Times – The movement of crude oil and natural gas prices in the past two weeks has caught the energy market by surprise as hedge funds liquidate their positions en masse and cause a sudden change in the directions […]
Sentinel charged with mishandling client funds
MSNBC- Sentinel Management Group, a US money manager at the centre of recent market turmoil, was Monday charged with fraud and misuse of client assets by the Securities and Exchange Commission. The problems at Sentinel have been the cause of […]
Subprime infects $300 billion of money-market funds
Seattle Times- Money-market funds were invented 37 years ago to offer investors better returns than bank savings accounts while providing a high degree of safety. Most of the $2.5 trillion sitting in these funds is invested in such assets as […]
Customer Effective Launches Hedge Fund Tool
West Palm Beach (HedgeCo.Net)- Customer Effective has announced the launch of ‘Capital Effective’, a front office relationship management solution designed exclusively for the financial services and hedge fund market. ‘Capital Effective’ will serve organizations in commercial banking, private equity, investment banking, […]
Monsoon Capital to reopen India flagship fund
Economic Times- At a time when the Indian equity market has been volatile, a top performing US-based, India-dedicated hedge fund has decided to reopen one of its main funds to raise additional capital. Massachusetts-based Monsoon Capital, founded by a […]
More US hedge funds likely to crumble
Reuters Italia- Every year, hundreds of funds and fund managers have quietly left the industry, which now manages $1.75 trillion (880 billion pounds). But this year, their exits will be more numerous after a meltdown in subprime mortgage investments […]
Dubai’s OMX bid could be backed by hedge funds and institutions
GulfNews.Com- Borse Dubai, the holding company of Dubai Financial Market and the Dubai International Financial Centre that controls 28.4 per cent shares of OMX is likely to find the support of hedge funds and institutional investors, according to investment bankers […]
Indian rupee tumbles as hedge funds pull out
DAWN Group- The sub-prime mortgage loan crisis in the US, which has led to a global meltdown of stock indices, has had a devastating impact on the Indian capital market. But the Indian rupee,which has been gaining strength, has finally […]
Sentinel Management sued over fund freeze
Chicago Sun-Times- After experiencing a 21st century, hedge-fund version of a run on the bank this week, Sentinel Management Group assured clients that it’s looking to give them their money back byselling assets. “Sentinel is in the process of discussing […]
Hedge funds take more than a trim
Daily Telegraph- Masters of the Universe. The new investment bankers. Hedgies. Whatever name you choose to describe hedge fund managers, it is always a positive one. That was until last Thursday,when trading screens turned red across the globe and the […]