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Deutsche
Bank, Four Hedge Funds In Insider Probe
Source: FINalternatives
Deutsche Bank finds itself in the sights of regulators once
again, as France’s financial authority investigates accusations
that it passed insider information to four hedge funds.
More...
Hedge funds seek
Tribune Co. bond default linked to planned Cubs sale
Source:
The Chicago Tribune
Sam Zell's agreement to buy Tribune Co., the publisher of the
Los Angeles Times and owner of the Chicago Cubs, has prompted
three hedge funds to seek profits in the fine print of $1.26
billion of bonds.
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Hedge funds slam Bear
over subprime losses: report
Source: Reuters UK
Hedge fund managers are accusing Bear Stearns Cos. (BSC.N:
Quote, Profile , Research) of trying to manipulate the market in
securities based on subprime mortgages, the Wall Street Journal
reported in its online edition. More...
KGR Capital launches
China hedge fund vehicle
Source:
Reuters UK
Asian fund of hedge funds manager KGR Capital has launched a new
vehicle focused specifically on hedge funds invested in the
greater China region.
KGR said in a statement late on Wednesday the KGR Capital China
Absolute Return Fund would initially invest in a portfolio of
about 10 hedge funds that use a variety of strategies.
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Prudential's Stock
Analysts May Land at Hedge Funds (Update1)
Source:
Bloomberg
Prudential Equity Group's 30 research analysts, who lost their
jobs when the unit was shut yesterday, may find new homes at
money-management firms.
"Demand is unprecedented for good people, especially for
research on the buy side,'' said Henry Higdon, managing partner
of New York-based recruiting firm Higdon Partners LLC. ``Senior
analysts are being sought at hedge funds.''
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Hedge funds and the
credit market
Source:
Risk.net
Hedge funds are getting bigger - both in the sense of larger
market share, and individual size. Fitch points out in a new
report that they are particularly poresent in the credit
derivatives market, where they're responsible for 60% of
trading, and assets - thanks to high levels of leverage - worth
as much as $1.8 trillion. Not only that, but according to SG
CIB's Bruno Lebre, head of hedge fund relations, whom I met
earlier this week, they're increasingly consolidating. More...
Ohio SERS To Enter
Hedge Space Through Front Door
Source:
CNN Money
Jerome Abernathy, former head of research at hedge fund giant
Moore Capital Management, unveiled a new fund on Tuesday that
tries to replicate returns generated by the industry, but with
lower fees.
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Trichet favours
voluntary code of conduct for hedge funds, not more regulation
Source:
Forbes
European Central Bank president Jean-Claude Trichet said
he favours a voluntary code of conduct for hedge funds but is
against imposing additional regulations on them.
More...
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