Former UBS Exec Declared a Fugitive by South Florida Judge
New York (HedgeCo.Net) – U.S. authorities have officially declared Raoul Weil, formerly of UBS, a fugitive. The one-time prominent business man and former chairman of UBS’s global wealth management...
View ArticleWealthy wary of putting new money in hedge funds
Reuters – Millionaires who long put money with hedge funds are now skittish about adding fresh cash after these loosely regulated portfolios posted record losses last year, a top industry executive...
View ArticleHedge-Fund Assets Set to Drop $192 Billion by March, UBS Says
Bloomberg – Hedge-fund assets will likely drop by about $192 billion this quarter after the industry posted record losses in 2008, according to estimates by UBS AG. Global assets will likely fall to...
View ArticleReligare in race for AIG’s fund management unit -
domain-B – Indian financial services firm Religare Enterprises is reported to have bid for the investment management arm of beleaguered US insurer, American International Group (AIG) as part of its...
View ArticleSumitomo Trust Finance to Start New Japan-Focused Hedge Fund
Bloomberg – Sumitomo Trust Finance (H.K.) Ltd., the asset-management unit of Japan’s fifth-biggest bank, will start a new multi-strategy hedge fund that invests in Japanese stocks, index options,...
View ArticleM&G’s Dobell blasts ‘selfish’ hedge funds
Times Online – One of the most senior fund managers at Prudential has attacked hedge funds as selfish and devious and blasted derivatives as “the scourge of the modern age”. Tom Dobell, who manages the...
View ArticleBofA’s asset management unit gets lukewarm bids: report
Reuters – Bank of America Corp’s primary investment management unit is drawing lower than expected bids after its likeliest suitor, BlackRock Inc, inked a blockbuster deal to buy Barclays Global...
View ArticleCIC funnels fund investments via Blackstone, MS: report
Marketwatch – China’s sovereign wealth fund has selected Morgan Stanley and Blackstone Group LP to oversee hundreds of millions of dollars in new investments, The Wall Street Journal reported Friday....
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