Advertisement
YOU ARE HERE: LAT HomeCollectionsUnited Capital Markets Holdings Inc
IN THE NEWS

United Capital Markets Holdings Inc

MORE STORIES ABOUT:
FEATURED ARTICLES
BUSINESS
July 4, 2007 | From Times Wire Services
Hedge fund operator United Capital Markets Holdings Inc. said Tuesday that it was limiting withdrawals from its funds -- some of which invest in bonds backed by sub-prime mortgages -- to prevent a forced sale of assets. "We have received an unusually high number of redemption requests," United Capital, based in Key Biscayne, Fla., said in a statement. One investor wanted to withdraw about a quarter of the funds' assets under management, the firm said.
ARTICLES BY DATE
BUSINESS
July 4, 2007 | From Times Wire Services
Hedge fund operator United Capital Markets Holdings Inc. said Tuesday that it was limiting withdrawals from its funds -- some of which invest in bonds backed by sub-prime mortgages -- to prevent a forced sale of assets. "We have received an unusually high number of redemption requests," United Capital, based in Key Biscayne, Fla., said in a statement. One investor wanted to withdraw about a quarter of the funds' assets under management, the firm said.
Advertisement
BUSINESS
July 6, 2007 | From Times Wire Services
Losses on sub-prime mortgage securities claimed another hedge fund Thursday as Braddock Financial Corp. said it would liquidate its $300-million Galena Street fund after investors sought to withdraw more than 60% of its assets. The fund's closure comes just days after Key Biscayne, Fla.-based United Capital Markets Holdings Inc. suspended redemptions on its funds exposed to the sub-prime sector. Galena Street lost 3.
BUSINESS
July 24, 2007 | From Bloomberg News
Hedge funds had their second-best fundraising quarter in April, May and June, attracting $58.7 billion globally from investors despite growing losses in investments backed by sub-prime mortgages. The hedge fund industry, which took in a record $60 billion in the first quarter, now oversees $1.74 trillion, up 22% from the end of 2006, said Chicago-based Hedge Fund Research Inc. That increase reflects investment gains as well as cash inflows. The average hedge fund worldwide returned 7.
Los Angeles Times Articles
|