Citigroup to close Pandit founded hedge fund
Times Online- Citigroup is to close an $800 million hedge fund co-founded by its chief executive Vikram Pandit, following bad returns and the loss of top managers. The US investment bank will now buy...
View ArticleHedge fund chief warns of worse to come
Financial Times- A hedge fund manager who made some of the biggest profits from the global credit crisis said on Wednesday there was worse to come as evidence mounted that banks are struggling to...
View ArticleCanberra drags its heels as the SEC tackles the problem
The Australian- The SEC’s decision to take a hard line on the illegal practice of naked short-selling is a band-aid attempt to fix a problem that is plaguing most stock markets in various guises, but...
View ArticleAssured Guaranty Says Profit Will Surge on Derivatives Gains
Bloomberg- Assured Guaranty Ltd., which owns one of two bond insurers to have retained Aaa credit ratings, said its second-quarter profit would surge by more than 14 times because of gains in credit...
View ArticleChina-focused funds raise $12 bln in Q2
Reuters Shanghai- Ten new China-focused private equity funds raised $12 billion (six billion pounds) in the second quarter, but poor market conditions have forced foreign funds to delay exits of their...
View ArticleCayman Islands Sets Milestone with 10000 Registered Funds
ITNews- Recent second quarter figures from the Cayman Islands Monetary Authority (CIMA), have confirmed the achievement of a key milestone by the Cayman Islands financial services industry, with more...
View ArticleInvestments 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...
View ArticleAIG Earnings Slump on Private Equity, Hedge Funds
Bloomberg – Just when American International Group Inc. shareholders figured things couldn’t get worse at the world’s largest insurer, profit from the company’s private equity and hedge fund...
View ArticleDollar near 1-mth high vs euro before US jobs
Forbes – The dollar edged up towards a one-month high against the euro on Friday before monthly U.S. jobs data later in the day, with investors viewing the report as a key hurdle for whether the U.S....
View ArticleInvestments in Asia hedge funds halved
Reuters Singapore – 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...
View ArticleHedge Fund Business Lifts Profit for Blackstone
New York Times – The Blackstone Group may be best known as an immense private equity firm, but the firm’s earnings report on Wednesday made it clear that Blackstone has been buoyed by its hedge fund...
View ArticleBlackstone’s income falls, but beats expectations
International Herald Tribune – Blackstone Group, manager of the world’s largest leveraged-buyout fund, said Wednesday that second-quarter profit beat analysts’ estimates as gains from hedge funds...
View ArticleBlackRock tops retail fund sales
Reuters UK – Fund firm BlackRock held onto the top spot for net sales of British funds to retail investors in the second quarter, according to industry data, helped by sales of its hedge fund-style UK...
View ArticleHedge 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...
View ArticleEmerging-market hedge funds gain traction
InvestmentNews – Emerging-market strategies gained some momentum during the quarter ended June 30, but are still struggling, according to Hedge Fund Research Group LLC of Chicago. HFR reported today...
View ArticleInvestors, Markets Lift Assets 4% in 2Q Hedge Funds
On Wall Street – Assets held in hedge funds grew 4.41% during the second quarter, to $2.973 trillion, according to data released Monday. HedgeFund.net reported in its survey of hedge administrators...
View ArticleHedge funds suffer further pain
Reuters UK – The bankruptcy filing of Lehman Brothers is another blow for the hedge fund industry, but at least the damage is limited from here for funds exposed the U.S. investment bank. Even...
View ArticleHedge funds see huge outflow of money, $210 bn
Commodity Online – Steep performance losses and record investor capital redemptions reduced the size of the hedge fund industry by $210 billion in 3Q08. This represents the largest historical quarterly...
View ArticleNow, hedge funds to be bailed out
domain-B – Hedge funds will be allowed to borrow from the Federal Reserve for the first time under a landmark $200-billion programme intended to support consumer credit. The new programme is aimed at...
View ArticleObama readies stricter rules on financial institutions
Detroit News – President Barack Obama is ready to roll out an overhaul of the intricate rules and systems that govern America’s troubled financial institutions, proposing the most ambitious revision...
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