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JPMorgan buys Nordea institutional global custody business

March 27th (IPE.com): JPMorgan has reportedly entered into an agreement with Nordea to buy its institutional global custody business. The deal has an estimated...

Merrill targets multi-strategy funds

March 26th (Bloomberg): The largest US brokerage, Merrill Lynch & Co., is trying to make the most of the sub-prime crisis as hedge funds...

Distressed mortgage funds offer great opportunity for hedge funds

March 26th (Financial Times): Distressed mortgage funds seem to be the next big thing for hedge funds and institutional investors as they try to...

20K job cuts and USD 12 billion profits predicted for Wall Street in 2009

March 25th (eFinancialNews): According to the Independent Budget Office of New York City the financial sector in NYC will see job losses of approximately...

JPMorgan proves its loyalty to Bear Stearns

March 25th (eFinancialNews): In last week’s attempt to avoid a mass departure of assets from Bear Stearns before the integration, JP Morgan reassured hedge...

Top 100 list of Swedish fund managers lists Fidelity as number one

20th March (Citywire): New research from Citywire showed the top 100 fund managers in Sweden with Fidelity at first place. The top 100 list...

Nordic Capital’s takeover bid for TietoEnator has been rejected

March 20th (Bloomberg): The largest computer services provider in Scandinavia, TietoEnator Oyj, has rejected a EUR 1.1 billion takeover bid from Swedish Nordic Capital....

HFR reports of slowdown in hedge fund launches and liquidations

March 20th (The Euromoney Institutional Investor Online Network): According to the hedge fund information and performance data provider Hedge Fund Research (HFR), there was...

European trade commissioner asked to intervene in hedge fund dispute

March 19th (Times Online): London-based hedge fund manager, Chris Hohn has requested that the European trade commissioner, Peter Mandelson, should intervene in his dispute...

Hedge funds are forced into distressed sales

March 19th (Reuters): On Tuesday, Polar Capital announced that it had been buying up mid and small-cap stocks from hedge funds that were forced...

Swedish fund Thyra Hedge has joined the NHX

March 18th: The long/short equity hedge fund, Thyra Hedge, has joined the Nordic Hedge Fund Index, which now contains 125 hedge funds. Thyra Hedge...

New fund manager found for Swedish funds AMplus and Elbrus

Cicero Fonder has entered into an agreement with Holtback & Partners Kapitalförvaltning to take over the mangement of AMplus and Elbrus. New managers responsible for...

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