Tag Archives: trillion
Housing plan signed, but concerns linger
San Francisco Chronicle- The giant housing rescue plan President Bush signed Wednesday might help stanch the bleeding in the housing market, but experts on both sides of the political divide worry that it is, at best, only an emergency step. […]
Northern Rock scars RAB Capital profits
Times Online- Hedge fund RAB Capital, one of the largest shareholders in Northern Rock when the bank was nationalised in February, this morning announced that its first half pre-tax profit had almost halved and assets under management had shrunk by […]
Hedge fund chiefs look to global macro funds in difficult market
International Herald Tribune- Hedge fund managers are looking to global macro funds to try to steer clear of the mess created by the credit crisis while cautiously dipping into a small pool of more risky assets, a Reuters poll found. Stormy […]
Funds of hedge funds look to global macro for gains
Guardian.co.uk- Funds of hedge fund managers are looking to global macro funds to try and steer clear of the mess thrown up by the credit crisis while cautiously dipping their toes in a small pool of more risky assets, a […]
Paulson & Co. To Launch New Hedge Fund
New York (HedgeCo.Net) – John Paulson, the infamous hedge fund manager turned billionaire who bet brilliantly against the housing market, will start a new fund later this year according to a report published on Bloomberg.com. The new hedge fund will […]
Man arrested in failed hedge funds
Cayman Net News- The Royal Cayman Islands Police Service (RCIPS) have arrested an unidentified 47-year-old man in connection with last month’s collapse of several Cayman-domiciled investment funds. Detectives from the Financial Crimes Unit (FCU) arrested the man on suspicion of […]
Perella Weinberg Hedge Fund Gains 24% on Distressed Investments
Bloomberg- Perella Weinberg Partners’ Xerion hedge fund rose 24 percent this year, helped by wagers that the value of investment-grade bonds of financial-services firms would fall, according to a letter sent to investors. The $837 million fund, which invests in […]
Ackman Adds Cash to Target Hedge Fund as Stock Price Slides 38%
Bloomberg- William Ackman put more cash into the $2 billion hedge fund he started to invest in Target Corp. as shares of the second-largest U.S. discount retailer declined 38 percent in the past year, according to two people with knowledge […]
Top funds may have lost $4 bln on Freddie and Fannie
Reuters- Some of the best known U.S. fund firms probably suffered significant losses in last week’s meltdown in the stocks of mortgage finance agencies Fannie Mae and Freddie Mac. Among the casualties may be the one-time star stock-picker Bill Miller […]
Hedge funds turn in their worst record for nearly 20 years because of credit crunch
Independent- Hedge funds turned in their worst first-half performance in almost two decades because of the credit crunch and the onset of a bear market in stocks. Hedge funds declined by an average 0.7pc in June, bringing the year-to-date loss […]
Citi Special Situations Team To Found Distressed Debt Hedge Fund
FINalternatives- Another pair of Citigroup fixed-income executives is to set up its own hedge fund shop. Jeff Jacob and John Humphrey, who run the global special situations group they established at Citi four years ago, will leave the firm in […]