<a href='Headlines for: May 24, 2011
Hedge Fund Exit Requests Rise after Oil Rout: GlobeOp 05/23/2011 6:29:43 PM ET LONDON (Reuters)悠nvestors asked for more of their money back from hedge funds in the immediate aftermath of this month's commodities rout, data from hedge fund services firm GlobeOp on Monday [May 23] show. The firm's monthly snapshot of hedge fund redemption requests was taken on May 17, less than two weeks after oil lost as much as $13 a barrel on May 5, causing heavy losses at a number of funds.
Esplanade Likes Luxury Long-Term, Just Not Now 05/23/2011 6:17:17 PM ET NEW YORK (Reuters)有uxury stocks like Coach Inc. and LVMH Moet Hennessy Louis Vuitton SA are too pricey for hedge fund Esplanade Capital right now given the risks facing such businesses.
U.S. House Dems Urge Limits on Oil Speculators 05/23/2011 6:08:55 PM ET NEW YORK/WASHINGTON (Reuters)裕he U.S. Congress should take steps to limit speculation in oil markets, which has boosted prices as much as 30 percent, according to a new report from the Democratic staff of a House of Representatives oversight committee on Monday [May 23].
U.S.: Ex-Fund Manager Helps with New Insider Suspects 05/23/2011 4:29:59 PM ET NEW YORK (Reuters)祐teven Fortuna, a former S2 Capital LLC hedge fund manager who pleaded guilty in the broad Galleon Groupinsider trading case, is helping prosecutors in an investigation of other suspects, a U.S.
Lawmakers Advise U.K. Government to Probe Metals Speculation 05/23/2011 4:15:09 PM ET LONDON (Reuters)裕he British government should probe whether metals markets with high levels of speculation and volatility are an acceptable way to bring strategic commodities to end users, a parliamentary committee advised. The science and technology committee has expressed concerns over reports of hedge funds buying up significant quantities of metals, which may exacerbate price and supply volatility for some metals that are "strategically important" for the economy.
Hedge Fund Firms Strathmore, Saguenay to Merge 05/23/2011 4:08:53 PM ET LONDON (Reuters)友und of hedge fund firms Saguenay Capital and Strathmore Capital are to merge to form a manager with $2 billion in assets, reuniting ex-Bankers Trust executives and providing scale in a sector hard hit by the credit crisis. The deal, which combines London-based Strathmore with around $1.
SAC Capital Probe to Include Options Trading: Report 05/23/2011 12:53:34 PM ET NEW YORK (Reuters)誘.S. Senate investigators probing an insider trading case at $13 billion hedge fund SAC Capital Advisors will also look at its options trading, The Wall Street Journal reported, citing people familiar with the situation.
Research in Motion Stock: The Next PALM? 05/20/2011 4:01:41 PM ET NEW YORK (Reuters)祐ome investors are betting Research in Motion's stock is in for more pain, even after a rough three years. Shares of the BlackBerry maker have lost more than 38 percent since February.'>Headlines for: May 24, 2011
Hedge Fund Exit Requests Rise after Oil Rout: GlobeOp 05/23/2011 6:29:43 PM ET LONDON (Reuters)悠nvestors asked for more of their money back from hedge funds in the immediate aftermath of this month's commodities rout, data from hedge fund services firm GlobeOp on Monday [May 23] show. The firm's monthly snapshot of hedge fund redemption requests was taken on May 17, less than two weeks after oil lost as much as $13 a barrel on May 5, causing heavy losses at a number of funds.
Esplanade Likes Luxury Long-Term, Just Not Now 05/23/2011 6:17:17 PM ET NEW YORK (Reuters)有uxury stocks like Coach Inc. and LVMH Moet Hennessy Louis Vuitton SA are too pricey for hedge fund Esplanade Capital right now given the risks facing such businesses.
U.S. House Dems Urge Limits on Oil Speculators 05/23/2011 6:08:55 PM ET NEW YORK/WASHINGTON (Reuters)裕he U.S. Congress should take steps to limit speculation in oil markets, which has boosted prices as much as 30 percent, according to a new report from the Democratic staff of a House of Representatives oversight committee on Monday [May 23].
U.S.: Ex-Fund Manager Helps with New Insider Suspects 05/23/2011 4:29:59 PM ET NEW YORK (Reuters)祐teven Fortuna, a former S2 Capital LLC hedge fund manager who pleaded guilty in the broad Galleon Groupinsider trading case, is helping prosecutors in an investigation of other suspects, a U.S.
Lawmakers Advise U.K. Government to Probe Metals Speculation 05/23/2011 4:15:09 PM ET LONDON (Reuters)裕he British government should probe whether metals markets with high levels of speculation and volatility are an acceptable way to bring strategic commodities to end users, a parliamentary committee advised. The science and technology committee has expressed concerns over reports of hedge funds buying up significant quantities of metals, which may exacerbate price and supply volatility for some metals that are "strategically important" for the economy.
Hedge Fund Firms Strathmore, Saguenay to Merge 05/23/2011 4:08:53 PM ET LONDON (Reuters)友und of hedge fund firms Saguenay Capital and Strathmore Capital are to merge to form a manager with $2 billion in assets, reuniting ex-Bankers Trust executives and providing scale in a sector hard hit by the credit crisis. The deal, which combines London-based Strathmore with around $1.
SAC Capital Probe to Include Options Trading: Report 05/23/2011 12:53:34 PM ET NEW YORK (Reuters)誘.S. Senate investigators probing an insider trading case at $13 billion hedge fund SAC Capital Advisors will also look at its options trading, The Wall Street Journal reported, citing people familiar with the situation.
Research in Motion Stock: The Next PALM? 05/20/2011 4:01:41 PM ET NEW YORK (Reuters)祐ome investors are betting Research in Motion's stock is in for more pain, even after a rough three years. Shares of the BlackBerry maker have lost more than 38 percent since February.</a>
