 |
Arcapita seeks US bankruptcy protectionBahrain investment house Arcapita became the first Gulf entity to file for Chapter 11 bankruptcy protection in the United States, after it was threatened with legal action if it did not repay a hedge fund in full, three sources told Reuters. More… |
 |
US hedge fund wins claim against DrydocksA US-based hedge fund said it has won a $72 million legal claim against Dubai's Drydocks World for defaulting on a loan, putting the ship builder's $2.2 billion debt restructuring in further trouble. Monarch Alternative Capital said in an More… |
 |
Hedge fund on Arcapita $1.1bn debt deal panelUS hedge fund Davidson Kempner Capital Management is part of the creditor committee for the $1.1 billion debt restructuring at Bahrain investment house Arcapita, the first time a fund has fulfilled such a role in the Gulf. &nb More… |
 |
Man Group posts further outflows, to cut costsMan Group, the world's biggest listed hedge fund manager, reported a second consecutive quarter of heavy client outflows and announced plans for further cost cuts, as nervous investors pulled out of its poorly-performing flagship fund. The More… |
 |
Goldman names hedge fund co-headGoldman Sachs Group said it has named Pete Lyon as co-head of its business that caters to private equity and hedge fund clients in the Americas. Lyon, who first joined the bank as an analyst in 1990, will lead Goldman's financial sponsors More… |
 |
Top fund sees gold at $3,000; stock crashGold could rise to $3,000 an ounce, while stock markets look likely to plummet in coming years as governments print even more money to try and stimulate economic growth, says the CEO of $2 billion hedge fund firm Superfund. Though gold hit More… |
 |
Hedge fund sector to benefit from slowdownThe economic downturn has presented the hedge fund industry with opportunities during the recovery. That is one of the conclusions of a report on the industry by Capintro Partners, an alternative investment firm specialising in attracting More… |
 |
ME investors' share in hedge funds to hit $194bnThe Middle East investors’ share of hedge fund assets is set to rise almost 30 per cent to $194 billion by the end of 2013, according to a new global study by Bank of New York Mellon/Casey Quirk. The study entitled 'The Hedge Fund of T More… |
 |
EFG-Hermes hedge fund raises $1bnLeading regional investment bank, EFG-Hermes, said that its Middle East and North Africa (Mena) Opportunities Fund has raised $1 billion in assets under management (AUM). Since its inception in September 2007, the Fund has delivered a retu More… |
 |
Man Vision launchedMan Investments has launched Man Vision Ltd, a capital guaranteed hedge fund product designed to benefit from the key developments of the future. These include the growth of emerging markets, the impact of new demographics, climate change More… |
