July 30, 2010
Hedge Fund Refuses to Sell HVB Shares
The multi-billion-euro (dollar) takeover of German bank HypoVereinsbank by Italian giant UniCredit has run into some resistance from HVB shareholders, with Swiss hedge fund GAM rejecting the terms of the offer on Wednesday.
U.S. hedge fund Fortress eyes Asia comeback: sources
Fortress Investment , one of the world's largest publicly traded alternative asset managers, plans to rebuild its Asian operations and is in the process of setting up an office in Singapore, sources said.
A group of investors is seeking to recoup hedge fund over losses tied to the credit crisis as industry associations hammer out proposals for greater transparency.
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