Microsoft, Yahoo May Join Forces in Search Business
Bloomberg – Microsoft Corp., the software maker that scrapped a $47.5 billion bid for Yahoo! Inc. this month, may forge a partnership with the Internet company in the search- advertising market to...
View ArticleMerrill Lynch Probes Trading Desk
Bloomberg – Merrill Lynch & Co., the third- largest U.S. securities firm, is probing one of its trading desks in London and has suspended a trader after discovering he may have overstated the value...
View ArticleValue Partners Says Smaller Hedge Funds Risk Being Taken Over
Bloomberg – Value Partners Group Ltd., Asia’s second-largest hedge fund manager by assets, said worsening returns in the industry may lead to bigger firms taking over smaller rivals. “I think the...
View ArticleMadisonGrey Elevates Client Experience with HedgeOp’s ComplianceTrak
New York – June 17, 2008 – MadisonGrey Global Fund Services and HedgeOp Compliance today announced a co-marketing agreement that will combine MadisonGrey’s total fund administration, accounting, cash...
View ArticleJPMorgan Marathon Embrace Begins Dimon Lure of Lost Hedge Funds
Bloomberg- A year after Andrew Rabinowitz yanked his hedge fund’s cash from Bear Stearns Cos. because of concern the Wall Street firm wouldn’t make good on its trades, he’s ready to return. For...
View ArticleHedge Funds Back MEVIO
West Palm Beach (HedgeCo.net)- Hedge funds Sequoia Capital, Sherpalo Ventures, Kleiner Perkins Caufield & Byers, and DAG Ventures were led by Crosslink Capital in investing $15 million in...
View ArticleFRM Hires Award Winning Hedge Fund Manager
West Palm Beach (HedgeCo.net)- Global fund of hedge funds (FOHF) group Financial Risk Management (‘FRM’), has hired Au King-lun, MH, PhD, as Chief Executive Officer of FRM Hong Kong. "The firm has long...
View ArticleGupta removed as InfoGROUP chairman
Miami Herald- Database provider InfoGROUP Inc. said Tuesday it has removed founder Vin Gupta as chairman, citing excessive corporate expenditures and expense reimbursements. The changes are the result...
View ArticleAozora Net Falls 75% as Fees, Hedge Fund Returns Drop
Bloomberg – Aozora Bank Ltd., the Japanese lender controlled by U.S. buyout fund Cerberus Capital Management LP, said first-quarter profit fell 75 percent as fees declined and returns on investments in...
View ArticleDIFC denies reports about involvement in Rashed Investment Bank
The DIFC has clarified its position on news reports that have recently appeared regarding ‘Rashed Investment Bank’ an Islamic investment bank which has been proposed to be set up in Dubai. The DIFC...
View ArticleMan who foresaw credit crunch pays himself £28m
Irish Independant – The fund manager who predicted that the credit crunch would rip a hole through the banking sector has been rewarded with £28m (€35m) in pay and bonuses. Crispin Odey trousered the...
View ArticleBaer Capital Taps into India, Launches New Hedge Fund
New York (HedgeCo.Net) – Baer Capital has announced the launch of their new fund that invests in Indian equities, distressed debt and derivatives, further propelling Dubai’s prominence in the hedge...
View ArticleFulcrum Group Combines $100bln unit to serve 1000 hedge funds
West Palm Beach (HedgeCo.net) – Fulcrum Group, a leading global administrator for hedge funds and the alternative asset management industry, backed by global private equity firm, 3i, and Butterfield...
View ArticleRupert Allan Hires Fund Of Hedge Fund Specialist
West Palm Beach (HedgeCo.net) – Established leader in the management of fund of hedge funds, Tremont Capital Management, has appointed Scott R. Metchick as Chief Investment Officer. Metchick brings to...
View ArticleRogers Hires Two People for Fund of Hedge Funds, Expects Growth
Bloomberg – Rogers Investment Advisors Y.K., a Tokyo-based hedge fund adviser, has hired Yoshiaki Iizuka and Eric Chong as it expects to more than double assets by the year-end. Iizuka, 52, joined...
View ArticleOch-Ziff Funds Greenhouse Gas Credits to Bury Carbon
Bloomberg – Och-Ziff Capital Management Group LLC will invest as much as $500 million in projects that bury greenhouse gases blamed for global warming and create tradable emissions credits. Och-Ziff,...
View ArticleDeveloping markets ideal for hedge funds
Gulf Daily News – Developing markets are fertile ground for hedge funds, if the funds have experienced managers, according to Paulson and Company founder and chief executive officer John...
View ArticleMF Global Hires Roseman as Risk Officer
West Palm Beach (HedgeCo.net) – Hedge fund broker MF Global Ltd. has appointed Michael Roseman as its new chief risk officer. “Michael has very broad experience managing risk around the asset classes...
View ArticleRAB Tries to Halt Redemptions as Hedge Fund Drops 48%
Bloomberg – RAB Capital Plc is trying to freeze client redemptions for three years to avoid liquidation of its flagship hedge fund, which lost almost half its value this year. RAB fell as much as 14...
View ArticleWhiteRock Says Markets May Be Rollercoastering but Recruitment is Accelerating
West Palm Beach (HedgeCo.net) – Recruiters at WhiteRock Group are seeing increased opportunity for job-seekers and hiring firms. The meltdown in sub-prime mortgages, and the ensuing credit crunch, has...
View ArticleSEC May Require Hedge Funds to Reveal Short Positions
Bloomberg – The U.S. Securities and Exchange Commission may require hedge funds to disclose their short-sale positions and plans to subpoena the funds’ communication records in an effort to stem...
View ArticleSEC Pushes Hedge Fund Oath in Manipulation Probe
Bloomberg – The U.S. Securities and Exchange Commission, seeking to jumpstart a hunt for suspected manipulation of financial stocks, will require hedge fund managers, brokerages and institutional...
View ArticleCredit Derivatives Market Shrinks 12% as Dealers Reduce Trades
Bloomberg – Credit-default swap dealers reduced the volume of outstanding contracts for the first time amid efforts to reduce risks in a market used to hedge against bond losses and speculate on...
View ArticleRMB launches diversified target fund targeting DB and DC schemes
Professional Pensions – RMB Asset Management has launched a diversified target fund in a bid to help schemes manage funding volatility. The asset management firm said the multi-manager RMB Diversified...
View ArticleTrimming fees: Hedge funds make changes
Norwalk Advocate – Some hedge funds are reducing their management and incentive fees to keep investors for longer periods during turbulent times on Wall Street. Typically, hedge fund managers require...
View ArticleCitadel Hires Three From Lehman’s Europe Mortgage Bond Trading
Bloomberg.com: UK & Ireland – Citadel Investment Group LLC, the $19 billion hedge-fund firm run by Kenneth Griffin, hired three senior executives from Lehman Brothers Holdings Inc. to boost its...
View ArticleGottex, Acorn Funds May Be Victims of Petters Lending
Bloomberg – Hedge-fund managers Gottex Fund Management Holdings Ltd. and Acorn Capital Group LLC are among at least 20 investors the FBI said may have been victimized by a fraudulent lending scheme...
View ArticleWolver Hill Japan Hedge Fund Resists Slumping Topix
Bloomberg – Wolver Hill Japan Multi-Strategy Fund, run by Deutsche Bank AG’s former prime brokerage sales chief in Tokyo, resisted the worst month for the nation’s stocks in almost 15 years to be...
View ArticleGlobeOp Performance Remains Strong
West Palm Beach (HedgeCo.net) – Hedge Fund provider GlobeOp Financial Services S.A. published its Interim Management Statement covering the period since 30 June 2008. As a group, GlobeOp’s clients...
View Article‘Armageddon’ Loan, Bond Prices Keep Debt Investors on Sidelines
Bloomberg – Credit markets have fallen so far that they are providing a "once in a lifetime opportunity," and investors are still selling. Prices of loans rated below investment grade declined to a...
View ArticleHedge-Fund Clients Pulled $43 Billion Last Month, TrimTabs Says
Bloomberg – Investors withdrew a record $43 billion from hedge funds in September as they fled distressed-securities and stock funds because of poor performance, TrimTabs Investment Research said...
View ArticleMorgan Stanley’s Mack Says Some Hedge Funds May Fail
Bloomberg - Morgan Stanley Chief Executive Officer John Mack said tumbling markets may drive some hedge funds out of business, prompting his firm to “resize.” “Friends in that community say that by...
View ArticleEpic shutters top hedge fund
Globe and Mail – Epic Capital Management Inc. is closing its flagship hedge fund in what could be the precursor to a number of shutdowns in the troubled industry. The Toronto firm’s assets tumbled from...
View ArticleDeephaven Freezes Multistrategy Hedge Fund to Avoid Asset Sales
Bloomberg – Deephaven Capital Management LLC, the hedge-fund unit of stockbroker Knight Capital Group Inc., froze a $1.6 billion fund after investors asked to get back 30 percent of their money....
View ArticleLong-only turmoil pushes investors to hedge funds -
Financial Standard – As the GFC batters confidence in long-only equities, sentiment is turning to hedge funds, provided you partner with groups that are reputable and well run, said Spencer Young,...
View ArticleWitnesses Call for Tighter Hedge Fund Restrictions
New York Times – Several leading hedge fund managers told Congress on Thursday they support some new regulation of hedge funds and the complex derivative securities that are partly blamed for the...
View ArticleHedge Funds Praise The Receivables Exchange
West Palm Beach (HedgeCo.net) – Receivables Exchange, the world’s first online marketplace for real-time trading of accounts receivable, today announced that it has launched its proprietary...
View ArticleObama Embrace of Wall Street Insiders Points to Politic Reforms
Bloomberg – During the height of the financial crisis in late September, some of Barack Obama’s campaign advisers pushed him in a conference call to distance himself from Treasury Secretary Henry...
View ArticleSurviving with a defensive game
Globe and Mail – Hedge fund manager Eric Sprott heaps praise on his "defensive team" for helping him survive this bear market. While some of his peers have cratered amid this year’s stock market crash,...
View ArticleHedge Fund Dalton to Start $550 Million Distressed Asset Fund
Bloomberg – Dalton Investments LLC, the Los Angeles-based hedge fund with 70 percent of its assets in Japan, is starting a 50 billion yen ($550 million) fund that will invest in U.S. distressed assets,...
View Article
