Tag Archives: reuters
KBC says stops BlueCrest fund leverage facility
Reuters – Belgian bank KBC said it had terminated a $219 million leverage facility it provided to BlueCrest Specialty Asset Finance, a fund run by UK hedge funds manager BlueCrest Capital Management. It was not immediately clear how much of […]
Hedge fund firm TCI
Reuters – Activist hedge fund firm TCI, which launched an attack on ABN AMRO in 2007 that helped trigger the Dutch bank’s sale, has seen profits surge 73 percent but warned this year will be tougher. The Children’s Investment Fund […]
Och-Ziff funds gain in June, but assets fall
Reuters – Och-Ziff Capital Management Group, a U.S. hedge fund giant banged up by last year’s market turmoil, said its funds continued their 2009 revival with June gains, although assets under management slipped once again. The New York firm estimated […]
Hedge fund investors to demand more data
Reuters – Many hedge fund investors burned by last year’s market meltdown will likely demand a system of checks and balances in which outsiders keep a closer watch over assets, data released on Wednesday show. Pension funds, endowments and wealthy […]
EU should regulate not demonise hedge funds-Sweden
guardian.co.uk – A minister for Sweden, which took over the EU presidency on Wednesday, said hedge funds and private equity firms needed regulation but should not be viewed as a primary cause of the global financial crisis. Speaking after a […]
INTERVIEW-AQR hedging its bets with big mutual fund plan
CNN Money – AQR Capital Management LLC, among the world’s largest hedge fund managers, will introduce another hedge fund-style mutual fund next month, as it expands its reach beyond the biggest investors. Greenwich, Connecticut-based AQR, a $20 billion firm led […]
BlueCrest to shut asset-based lending fund
British asset manager Blue Crest is winding down its Specialty Asset Finance Fund after losses and redemptions forced the fund to close many positions at a heavy loss, sources familiar with the fund told Reuters. BlueCrest declined to comment on […]
Madoff Investors ‘Greedy’: Hendry
CNBC – People who invested with Bernard Madoff were greedy and happy to accept high returns without probing too much in the way these were achieved, Hugh Hendry, chief investment officer at hedge fund Eclectica, told CNBC Tuesday. "I’m sympathetic […]
Madoff gets 150 years for massive fraud
Reuters – Bernard Madoff was sentenced on Monday to 150 years in prison — the maximum penalty the judge could give him for "extraordinarily evil" crimes in Wall Street’s biggest and most brazen investment fraud. Fleeced investors in the courtroom […]
Macquarie’s pioneering funds model under pressure
Reuters – Australian investment bank Macquarie Group Ltd has managed to quell concerns on its capital position but is now bracing for its next big challenge of the global credit crisis: how to prevent its world-renowned specialist listed-funds model from […]