Tag Archives: reuters
JPMorgan to break up unit’s hedge fund
Reuters – JPMorgan Chase & Co plans to shut down its Principal Investment Management Group’s hedge-fund business and private-equity division, with the exception of a team that focuses on Asia, Bloomberg said, citing two people familiar with the plan. Bob […]
Pallotta to shut down Raptor fund, reopen it later
Reuters – Hedge fund manager James Pallotta, who long delivered some of the industry’s best returns, told clients on Tuesday that he will shut down his $800 million Raptor Global fund in July. Pallotta, 51, told investors that he had […]
Tontine Partners raising new total return fund
Reuters – Hedge fund manager Jeffrey Gendell is mounting a comeback after a turbulent 2008. Gendell’s Tontine Associates LLC, disclosed plans in a Securities and Exchange Commission filing to raise funds for a new total return hedge fund. So far, […]
Bank ‘oligopoly’ slows CDS clearing-BlueMountain
Reuters – Large dealers in the $26 trillion credit default swap market are blocking CME Group’s CME.N efforts to clear trades, in a bid to retain their "oligopoly" over the market, hedge fund BlueMountain Capital Management said on Monday. Central […]
Hedge funds worried Obama moves could backfire
Reuters UK – U.S. government efforts to revive a sluggish economy have cheered markets since March, but some of the most successful investors around worry these moves may only make the bad times linger. Several hedge fund managers at an […]
Hermes wants more fund transparency
Reuters UK – Pension fund manager Hermes has called for a shake-up of the hedge fund industry, demanding greater transparency and fee structures closer aligned to performance. The asset manager, which runs BT’s giant pension fund, said it wanted to […]
GM to file for bankruptcy, Chrysler sale cleared
Reuters – General Motors Corp will file for bankruptcy later on Monday, U.S. officials said, forcing the 100-year-old automaker once seen as a symbol of American economic might and dynamism into a new and uncertain era of government ownership. The […]
FACTBOX: Hedge fund managers name long, short bets
Reuters – Some of the country’s biggest and best-known hedge fund managers on Wednesday shared their best investment and short-selling ideas with an audience of some 1,200 hedge fund executives. The annual Ira Sohn Investment Research Conference raises millions of […]
Hedge fund manager Singer wants limits on leverage
Reuters – Aggressive government action can hurt the market, but regulators should clamp down on excessive borrowing by banks and investors to prevent another credit crisis, veteran hedge fund manager Paul Singer said at a conference. Singer said the current […]
Hedge fund Pequot closing as probe back in spotlight
Boston Globe – Prominent hedge fund firm Pequot Capital told investors on Wednesday it will shut down because of a reopened government probe into possible insider trading. "Public disclosures about the continuing investigation have cast a cloud over the firm […]