Hedge fund chiefs look to global macro funds in difficult market
International Herald Tribune- Hedge fund managers are looking to global macro funds to try to steer clear of the mess created by the credit crisis while cautiously dipping into a small pool of more...
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 ArticleEx-Merrill Banker Kim Abandons Plans for Hedge Fund
Bloomberg – Dow Kim, the former head of trading and investment banking at Merrill Lynch & Co., dropped plans to start a hedge fund after investors backed out, according to two people with knowledge...
View ArticleCitadel Investment Seeks $1 Billion for Global Macro Hedge Fund
Bloomberg – Citadel Investment Group LLC, the Chicago-based asset-management firm founded by Kenneth Griffin, is seeking about $1 billion for a new global macro hedge fund, according to a person with...
View ArticleFortress Focuses on Middle East, North Africa for New Hedge Fund
New York (HedgeCo.Net) – Fortress Investment Group, who oversees more than $18 billion in assets, is starting a new hedge fund that will invest in markets throughout the Middle East and North Africa....
View ArticleIsraeli hedge funds beat benchmark
Globes – Priority Investments Ltd.’s Israeli hedge fund index, Hedge Fund Priority Index (HFPI) fell 0.85% in July, compared with a 4.66% drop by its benchmark, the Tel Aviv 25 Index. However, the...
View ArticleCentral banks may expand range of collateral
Washington Post – Central banks in the United States, Europe and Japan will consider taking foreign-denominated assets as collateral in an effort to provide liquidity for battered financial markets,...
View ArticleYen slips, Aussie jumps as bank rescues take shape
Reuters Tokyo – The yen dipped against higher-yielding currencies on Monday while the Australian dollar surged as leaders from Europe to the United States rushed out plans to shore up banks and stem...
View ArticleCrunch halts production of independent films
Chicago Tribune – The credit crunch and global economic recession have squeezed many independent filmmakers, who were already struggling from a glut of films and a shortage of funds even before the...
View ArticleTudor’s BVI Suspends Withdrawals, Plans Split Into Two Funds
Bloomberg – Tudor Investment Corp., the firm run by Paul Tudor Jones, temporarily suspended redemptions from the $10 billion BVI Global Fund Ltd. as it splits the hedge fund into two, according to a...
View ArticleHedge-Fund Collectors Browse Colorful Currencies at Lugano Show
Bloomberg – Switzerland’s asset managers and private bankers haven’t drawn much mirth from investing this year, making the timing of the “Art of Money” show in Lugano ironic. The exhibition by New...
View ArticleHedge Fund Tracking: Moore Capital Management
Seekingalpha.com - Moore, named after Bacon’s middle name, is a $10 billion global macro set of hedge funds. The next few funds we will be covering are global macro oriented funds, which is a switch...
View ArticleSterling falls as bears raise pressure over stimulus cash
This is London – It also led many in the City to believe the Bank favours a weak currency, prompting a series of downbeat forecasts today. “I’m super bearish on the pound,” said Hans-Guenter Redeker,...
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