Allocator Interviews

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Nordic central banks are to teach the Fed new contingency plan

March 31st (The Daily Telegraph): The Fed has approached the central banks in Scandinavia to learn from their experiences during the crisis in 1991-1993....

Icelandic FSA and Kaupthing plan legal action against hedge funds

March 31st (Financial Times): Iceland is accusing international hedge funds of attacking its currency and stock market. Consequently, the Financial Supervisory Authority in Iceland...

Hedge fund Pentagon Capital suspends three funds due to SEC filing

March 28th (Reuters): Thursday, Pentagon Capital announced the cessation of three of its funds due to the expected civil complaint filed by the US...

Relaunch of hedge fund Augustus announced

March 28th (Reuters): Augustus Asset Managers has announced the relaunch of its quantitative currency hedge fund after changing its computer-driven model. According to the...

Up to 1000 hedge funds worldwide could go bust

March 27th (The Australian): The financial markets crisis could lead to the collapse of 1000 hedge funds worldwide as the industry undergoes consolidation. According...

Swedish AP4 has made an offer to acquire V&S

March 27th (Dagens Nyheter): AP4 said it is intending to acquire Vin & Sprit together with Investor and EQT. According to Dagens Nyheter...

Swedish banks show financial strength

March 27th (Finansinspektionen/fi.se): A new report by FI, which is published today, shows that Swedish banks have managed the financial markets crisis relatively well....

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...