Currency mutual funds and hedge funds that deal in forex trading need account managers and professional forex traders to make buy and sell decisions.
Banks, which routinely play computerised war games simulating the risks in their trading strategies, are being asked to be harder-nosed about assessing which hedge funds they deal with.
The company finally ditched its money-losing NOR flash memory business Monday, completing a deal with hedge-fund Francisco Partners to create a new company, Numonyx, out of chunks of both Intel and STMicroelectronics.
In a couple of the pieces I have written so far I have expressed frustration with people writing about hedge funds and carried interests without acknowledging (or possibly even knowing) that they are dealing with a fundamental principle of partnership taxation not some sort of special deal for hedge fund managers.
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Microsoft on Tuesday appeared to hedge its bets on a deal with Yahoo!
With its investment under water, Ripplewood ceased negotiating with the unions, which left workers to deal with the hedge funds.
However, hedge funds have sought to deal with this danger by imposing longer lock-in periods and by securing better margin terms from their banks.
The agency accused the firm of arranging a deal with a hedge fund to create a pool of mortgage securities the hedge fund could short against.
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On the other side, the big investors in hedge fund are now institutions with much more rigorous reporting requirements than hedge fund managers had to deal with in the early days when their investors tended to be wealthy individuals or families.
The hedge is to contract a good deal of that from outside sources, as far away as Canada.
The New York Mets and David Einhorn will not close their deal to make the hedge fund manager a minority owner in the baseball team this month.
After the hedge fund froze redemptions, Aris also claims that Guerra cooked up a bad deal featuring the 28 airplanes that made up 30% of the hedge fund's assets.
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But Magnetar Capital, an Evanston, Illinois hedge fund that held equity in the deal, disputed that fact and insisted it should continue to get paid even if Orion had defaulted.
The deal may also be a hedge against Hon Hai's most important customer: after all, there are lots of television and personal-computer brands that Hon Hai could supply with LCDs.
The deal eliminated a major independent hedge fund firm, GLG, whose three top bosses, including Roman, received hundreds of millions of dollars of Man Groups stock, which they agreed not to sell for at least two years.
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Michael Kelly, head of investments at Christus and a fervent hedge fund convert, calls it a good deal, given BBT's 11-year string of profits (13.6% a year, after fees).
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Hedge funds do great work for bringing liquidity and precious market signals to the economy, but the simple truth is that absent the chaos wrought by floating money, the economy would require a great deal less in the way of hedge funds.
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Daniel Castro, the former head of structured finance research at Merrill Lynch, thinks some mortgage securities are such a screaming deal that he's setting up a hedge fund, Huxley Capital Management, to buy them.
Executives at Goldman were especially rattled by speculation that the firm itself could hedge its investment or conduct other financial transactions around the deal that its clients couldn't, said a person familiar with the situation.
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Buffett "never would have done this deal with a typical buyout shop, " said hedge-fund manager Whitney Tilson, whose Kase Capital counts Berkshire as its second-largest position.
His biggest problem now stems from an ill-conceived deal last fall to raise desperately needed working capital from some hedge funds.
Starbucks has a distribution deal with Green Mountain Coffee, which remains under fire after hedge fund manager David Einhorn presented his case for shorting the stock.
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Even this was enough to fuel rumours this week that some hedge funds are in serious trouble, as are the investment banks who deal with them and invest alongside them.
The markets' rebound, fueled by the boom in leveraged buyouts and hedge funds, has given Goldman new opportunities to wear myriad hats in the same deal.
The case comes amid heightened scrutiny of hedge funds and other private investment pools for the rich, particularly given the booming deal market and accusations of insider trading.
The hedge funds, which include BlackRock, Highland Capital Management and Murray Capital Management, want the deal rescinded.
The hedge funds, which include BlackRock, Highland Capital Partners and Murray Capital Management, want the deal rescinded.
With hedge funds now holding a proportion of the bonds and threatening to refuse to take part in the deal, the scope for negotiation may be limited.
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JPMorgan is absorbed with the integration of Bank One and says it is not in the frame of mind to do a large deal (though that hasn't stopped it from buying a big stake in a hedge fund and a London-based corporate broker).
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