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Citadel Bet Signals
Return of Subprime Bond Market (Update1)
Source:
Bloomberg
Citadel Investment Group's purchase of Resmae Mortgage Corp. is
the latest evidence that investors' appetite for bonds backed by
subprime mortgages is returning five months after the industry
crashed.
More...
Fundamentals in India
are strong for entry of foreign hedge funds
Source:
The Economic Times
With strong economic fundamentals and powerful market support,
industry experts predict India will soon rival investment
opportunities in other Asian markets. Pierre Lavaud , founder of
JetFin, feels India offers huge investment potential for
judicious hedge fund managers and investors.
More...
Hedge funds draw in
the profits for Brait
Source:
Moneyweb
South African investment bank and private equity group Brait
increased full-year earnings by 10 percent, helped by a solid
performance from the firm's specialised funds unit, the company
said on Monday. More...
Hedge Funds Pour It On
In Early Campaign Fundraising
Source:
FINalternatives
Hedge funds helped win Congress for the Democrats last year.
Next year, they have their sights set on the White House.
The top 100 hedge funds in Absolute Return magazine’s “Billion
Dollar Club” have given some $1.1 million to the hopefuls
through the first quarter, more than 10 months before the first
votes will be cast to determine the candidates.
More...
JPMorgan's Highbridge
Hires Kapnick for Buyout Unit (Update2)
Source:
Bloomberg
Highbridge Capital Management LLC, the hedge-fund company with
$34 billion of assets, hired former Goldman Sachs Group Inc.
executive Scott Kapnick to start a private-equity business, a
person with direct knowledge of the move said.
More...
The mathematics of
hedge fund activism
Source:
FinancialNews-US.com
Academics have a habit of taking a long time to confirm things
we thought we already knew. It took Bertrand Russell years of
study and 1,994 pages to prove in his Principia Mathematica that
one plus one equals two. A recent academic study showing that
hedge fund activism boosts the share prices of the target
companies would appear to confirm this thesis. More...
No Hedge Deal At
Heiligendamm
Source:
FINalternatives
Not one, but three top German officials acknowledged that the
country’s hedge fund initiative—a centerpiece of its G8
presidency—will go nowhere at this week’s summit of group
leaders.
More...
Why hedge funds and
banks are getting clubby in Asia
Source:
FT Alphaville
One of the fastest-growing games on the Asian
investment banking block has neither a name nor quantifiable
deal flow, notes Lex. Increasingly, banks are clubbing together
with hedge funds to invest in highly structured deals – dubbed
“syndicated investing” or “structured lending”.
More...
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