Tag Archives: trillion
Small payback belies big impact of 2003 mutual-funds
Seattle Times – Five years ago, the mutual- fund world was rocked by the biggest scandal in its 80-year history. Fund companies gave some customers trading privileges that weren’t open to everyone; those special interests — notably some hedge funds […]
Hedge fund Atticus loses more than $5 bln -source
Forbes – U.S. activist hedge fund Atticus Capital has lost more than $5 billion this year, a source familiar with the matter told Reuters, after its funds were hit by heavy falls in financial stocks. Atticus, a high-profile player in deals […]
Abu Dhabi Commercial Bank files suit over losses of London-based SIV
Financial Times – Abu Dhabi Commercial Bank has filed a lawsuit against two US banks and two rating agencies over losses from a collapsed $6bn structured investment vehicle, formerly managed by London-based hedge fund Cheyne Capital. In the suit in […]
Ore Hill Hedge Fund Halts Redemptions
New York (HedgeCo.Net) – New York-based Ore Hill has suspended investor redemptions after hefty withdraws set off an “automatic gate.” The $1.2 billion Ore Hill International Portfolio, which is partially owned by hedge fund giant Man Group Plc, was frozen […]
Hedge Fund Fraudster to Pay $300 Million Back to Investors
New York (HedgeCo.Net) – Paul Eustace, former head of Philadelphia Alternative Asset Management Company, has been ordered to pay back nearly $300 thanks to his fraudulent ways. According to a statement by the Commodity Futures Trading Commission, the Canadian resident […]
Hedge Fund Assets Approach $3 Trillion
A new report released Monday by HedgeFund.net estimates the assets under management by hedge funds have reached nearly $3 trillion. According to the report, hedge fund assets increased 4.41 percent last quarter, in spite of rough equity markets, to reach […]
Speculation Game is Over: Hedge Fund Manager
CNBC – As losses mount, hedge funds no longer have the ability to drive speculation in the markets, Hugh Hendry, chief investment officer and partner at Eclectica hedge fund told "Squawk Box Europe" on Tuesday. "There is no role for […]
Ichan’t Win Them All
New York Post – Corporate raider turned activist investor Carl Icahn is having a tough year. The Far Rockaway, Queens native’s hedge funds are suffering their first losses since the 72-year-old opened them in 2004. The losing streak, which started […]
Investments in Asia hedge funds halved in Q2
Reuters – Investors almost halved the money they put into Asia-focused hedge funds in the second quarter compared to the first three months of the year as a selloff in stocks hurt appetite for risky assets, data showed. Asia-focused hedge […]
WaMu, Sovereign get British hedge fund investment
Reuters – An activist British hedge fund has taken a 6 percent stake in Washington Mutual Inc as the largest U.S. savings and loan tries to rebound from billions of dollars of mortgage-related losses. The London-based fund, Toscafund Asset Management, […]
Lone Star-Merrill deal marks power shift to funds
Reuters- Lone Star’s deal to buy bad loans from Merrill Lynch & Co signals a growing power shift as private equity firms mop up after the year-long credit crisis. Merrill Lynch said on Monday it will take a $5.7 billion […]