Posts tagged with ‘Morgan Stanley’

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Singapore’s sovereign wealth fund’s $1.6 billion Profit on Citigroup

September 24, 2009

Looks like the buy and hold strategy worked out for Singapore’s sovereign wealth fund, after it notched a $1.6 billion profit on a partial sale of its Citigroup Inc. (NYSE:C) stake. The Government of Singapore Investment Corp., or GIC reduced its holding of Citi to 5% from 9%, exchanging its $6.88 billion of convertible preferred […]

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New Asia-focused team at FrontPoint

August 17, 2009

FrontPoint Partners hired a new Asia-focused event-driven and special situations hedge fund investment team, led by portfolio manager John Foo. The Singapore-based team all came from Kingsmead Capital Advisors, which Mr. Foo founded. Joining him is Edgar Chia, analyst, and Hubert Yong, trader; they held similar positions at Kingsmead Capital, according to a FrontPoint news […]

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Hong Kong based hedge fund Tarascon hires new COO from Singapore

August 14, 2009

Roger Lee, the previous head of Nikko Asset Management’s Singapore office, has joined Tarascon Capital, a Hong Kong-based hedge fund as COO.

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Nomura plans global prime broking business to serve Hedge Fund

July 6, 2009

Japan’s Nomura HoldingsĀ  plans to launch a global prime brokerage business by September as the financial crisis has created room for new players to serve hedge funds, a senior executive said on Monday. “We think prime brokerage is a very interesting opportunity because of what happened in the industry this past year,” Siggi Thorkelsson, Nomura’s […]

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A new (and some old) rogue traders

July 3, 2009

PVM Oil Futures Limited said on Friday Steve Perkins, a senior broker based at the firm’s London office, was responsible for unauthorized Brent crude futures trades which landed the firm with a loss of nearly $10 million.

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big potential in Asia debt: Hedge Fund to cash in…

June 26, 2009

NEW YORK (Reuters) – As hard-hit Western banks and hedge funds scramble to sell their Asian loans and bonds, one newcomer expects to pick up these choice assets at rarely seen discounts. Opvs Group is launching two Asia-focused credit funds designed to benefit from the region’s underlying growth potential by acquiring debt at prices depressed […]

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Sovereign Funds back in business?

June 23, 2009

The sovereign-wealth funds are stirring. After going quiet as markets crashed and some high-profile investments in U.S. financial companies went awry, the huge pools of capital are back doing deals.

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China Ready to Place Bets on Hedge Funds

June 19, 2009

China Investment Corp. is poised to invest $500 million in a Blackstone Group hedge-fund unit as part of a broad effort to put cash to work while global markets are rallying but remain below earlier peaks.