Tag Archives: financial crisis
Bennelong SGI to Start Hedge Fund to Invest in Global Equities
Bloomberg – Bennelong Funds Management, an Australian fund manager with A$400 million ($271 million), will start a second hedge fund to ride through the financial crisis as it seeks to more than double funds under management. Melbourne-based Bennelong wants to […]
FACTBOX-G20 proposals on hedge funds, pay, ratings agencies
Forbes – EU leaders meeting in Brussels on Thursday and Friday will discuss action on the financial crisis, with concern expressed that some eastern European countries may need more help. Earlier this month G20 finance ministers laid out a broad […]
UK financial services regulator proposes shakeup
LONDON (AP) – Britain’s financial services watchdog proposed sweeping changes to global banking regulations on Wednesday, including a crackdown on the "shadow banking" activities of institutions like hedge funds. The government-commissioned banking services report recommends new rules on a wide […]
Tough times bring fund sector consolidation
LUXEMBOURG (Reuters) – A wave of mergers and acquisitions could sweep the fund management industry this year as players come under pressure from the market turmoil, said speakers at the Reuters Funds Summit. One leading hedge fund manager added that […]
Bernanke Addresses Congress, Defends Another AIG Bailout
New York (HedgeCo.Net) – After handing AIG another $30 billion in taxpayer-funded, government bailout funds, U.S. Federal Reserve Chairman Ben Bernanke defended the decision, with the worn-out argument that the insurer’s failure may trigger an economic domino effect. “We know […]
Andrew Lo On New Challenges For Investors
U.S. News & World Report – Andrew Lo, hedge fund manager and director of MIT’s Laboratory for Financial Engineering, is a long-time student of investor behavior, especially the sort that belies the notion that markets move with cool efficiency. Particularly […]
Europe pledges more funds for IMF
Boston Globe – The leaders of Germany, Britain, France, and Italy yesterday said that the resources of the International Monetary Fund should be doubled, to $500 billion, to help head off new problems in countries already hit hard by the […]
Brown wants more scrutiny of hedge funds
Reuters UK – Prime Minister Gordon Brown called on Thursday for greater regulation of hedge funds. Speaking in Rome after a meeting with Italian Prime Minister Silvio Berlusconi ahead of April’s G20 summit, Brown also said leaders would focus their […]
GPIF says alternative investments need closer study
Guardian Unlimited – Japan’s public pension fund, the world’s largest, said on Thursday it needs a deeper study of diversifying into alternative investments, such as hedge funds and real estate, after seeing the asset class hit by the financial crisis. […]
Clarke loses hedge fund job as credit crunch hits politicians
guardian.co.uk – The shadow business secretary, Kenneth Clarke, has become the latest victim of the credit crunch after losing his job on the board of a hedge fund, the Guardian has learned. Clarke, who was parachuted back on to the […]
Assets For Hedge-Fund Launches Fell In ’08
Absolute Return – Assets for new hedge-fund launches fell "significantly" in the U.S. last year as hedge funds had their worst-ever year of performance, according to hedge-fund magazine Absolute Return. "With these results, it’s no surprise that 2008 is being […]