Hedge Funds in Swaps Face Peril With Rising Junk Bond Defaults
Bloomberg – It’s Friday, March 14, and hedge fund adviser Tim Backshall is trying to stave off panic. Backshall sits in the Walnut Creek, California, office of his firm, Credit Derivatives Research...
View ArticleHedge funds gang up on Babcock
The Australian- The shares of Macquarie Bank’s most ardent and successful imitator, Babcock & Brown, and several of its satellites, plumbed new depths yesterday as Barclays lost faith in the group....
View ArticleWittenham launches hedge fund for frontier markets
Reuters- Singapore’s Wittenham Investment Management launched a fund of hedge funds to invest in frontier capital markets such as Africa, Middle East and countries in the former Soviet Union. The MENA...
View ArticleDILLARD’S HEATED AT HEDGIES
New York Post – Three board members at the embattled Dillard’s department-store chain lashed out at a pair of hedge funds that are agitating to oust the retailer’s top management. In a rare public...
View ArticleObama adviser lobbied to protect Fannie
The Washington Times – A transition adviser to President-elect Barack Obama earned millions of dollars overseeing an office that led a lobbying effort to prevent increased oversight of mortgage giant...
View ArticleDeadline nears for investors to redeem hedge fund shares
USA Today – It is last call for investors to ask for their money back from poorly performing hedge funds. Whether that is a bullish or bearish sign for battered stocks is anyone’s guess. Wall Street...
View ArticleSummers has ties to prominent hedge fund
Politico – On the same day Lawrence Summers was announced as President-elect Barack Obama’s top White House economics adviser, the veteran economist said he would resign as the part-time managing...
View ArticleAttorney paid cohorts to help execute swindle
New York Daily News – Disgraced Park Ave. lawyer Marc Dreier gave fellow scamsters $100,000 to impersonate others in calls to victims, Manhattan federal prosecutors said Tuesday. The new details...
View ArticleBlackstone marks down D Bank debt
Financial Times – Blackstone marked down the value of billions of dollars worth of debt it bought at a discount from Deutsche Bank to zero, demonstrating that the group bet too early on a recovery....
View ArticleBlackstone, Fortress Seek Hedge-Fund Takeovers After Debt Slump
Bloomberg – Blackstone Group LP and Fortress Investment Group LLC are seeking to take over credit funds from managers unable to support their businesses after the value of investments fell. There are...
View ArticleBGI deal flags institutional bank, fund arm split
Forbes – Consolidation in the asset management industry is set to intensify as encroaching regulation and client demands for independence force banks to hive off fund arms, Barclays said on Friday....
View ArticleTollgrade posts loss as proxy vote looms
Pittsburgh Post-Gazette – In a conference call with analysts yesterday, Joseph A. Ferrara, president, chief executive officer and board chairman of Tollgrade Communications, highlighted the company’s...
View ArticleBlackstone war chest eyes bank sector
The Australian – Blackstone Group posted a wider second-quarter loss, but results beat analysts’ expectations as the private-equity giant reported positive returns and better fund-raising at its...
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