Tag Archives: investment-arm
Hedge fund firm GAM planning distressed fund
Reuters – GAM, the hedge fund firm owned by Julius Baer AG, is preparing to launch a distressed debt fund of funds after watching asset prices reach "extreme levels", a company letter seen by Reuters said. In a letter to […]
Commodities R.I.P. as Leverage Vanishes, Growth Slows
Bloomberg – Commodities markets are heading for the biggest annual decline since 2001 as investors exit leveraged bets and slowing economic growth erodes demand for raw materials. The value of the 19 commodities in the Reuters-Jefferies CRB Index fell $280.6 […]
Thain to head investment banking, wealth at BofA
Reuters – John Thain, the Merrill Lynch & Co Inc chief executive who engineered the firm’s sale to Bank of America Corp, will head investment banking, securities and wealth management at the new company — at least for now. But […]
Aviva Investors to boost hedge fund-style products
Reuters – The British arm of asset management group Aviva Investors is betting that investor interest in hedge fund-style products will survive the credit crisis and rebound once market turmoil abates. Paul Abberley, UK CEO, told Reuters Aviva Investors would […]
GE to raise $15 billion, Buffett gets preferred stake
Reuters – General Electric Co plans to raise $15 billion through stock sales — including $3 billion from Warren Buffett — to improve liquidity and give it the option of more acquisitions at a time of intense market turmoil, the […]
Foreign funds cut Nigeria exposure, impact limited – analysts
Reuters – Nigeria’s buoyant real economy and strong domestic liquidity will limit the damage caused by hedge funds and portfolio investors pulling money out of the country as the global financial crisis bites, analysts say. The sheer size of Nigeria’s […]
It’s D-Day for hedge funds as redemptions roll in
Reuters – Hedge fund managers are facing D-day as investors demand back billions of dollars from ailing and healthy funds alike. Funds managers around the world said they are sitting on record levels of cash to meet an expected flood […]
Hedge funds grudgingly to reveal US short positions
Reuters – Hedge fund managers are reluctantly preparing to disclose their short positions to U.S. regulators on Monday, a move set to give a rare public glimpse into their secretive trading strategies two weeks later. For shareholders who have blamed […]
Man Group funds hit by market turbulence
Reuters UK – British listed hedge fund manager Man Group Plc said on Monday first-half sales rose by about 25 percent to $10 billion, but its shares fell as market turbulence hit its funds under management. Funds under management fell […]
New UK pension scheme rules out hedge funds
Reuters – Britain’s new Personal Accounts scheme, a plan for savers without a company pension, is "highly unlikely" to invest in hedge funds and private equity, said the head of the authority in charge of setting up the scheme. The […]
RLPC-Leveraged loans sag as hedge funds sell-traders
Reuters – Leveraged loan prices fell on Wednesday as hedge funds facing redemptions and forced to cover short equity positions sold loans, traders told Reuters Loan Pricing Corp. Leveraged loans have declined over the past week amid a rout in […]
Nomura grabs Lehman Asia unit
Reuters Tokyo – Japan’s Nomura Holdings is to buy the Asian operations of Lehman Brothers, a source with direct knowledge of the deal said on Monday, outbidding other banks seeking to scoop up the bankrupt U.S. bank’s Asian assets. The […]