Australian fund catches U.S.'s subprime flu

Article Abstract:

Investments made by Australia's largest hedge fund firm, Basis Capital Funds Management Ltd., that are connected to US mortgages have fallen significantly. Basis Yield Alpha Fund decreased by approximately 14% in June, while Basis Pac-Rim Opportunity Fund fell by 9.2%.

Australia, Management investment, open-end, Mortgage-backed securities, Mortgage backed securities

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Hedge funds take to capital-structure arbitrage

Article Abstract:

Hedge funds in Europe are implementing capital-structure arbitrage, which involves trading company-issued capital market instruments. The instruments are used to take advantage of their responses to major events.

Europe, Management dynamics, Management, Company business management, Hedge funds

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Assets gathered by Japan unit reach record as market firms

Article Abstract:

Fidelity Investments' Japan unit reported record levels of assets gathered from customers. The unit reported assets of two trillion yen (15.23 billion euros).

Japan, Fidelity Investments of Japan

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