Australia’s $65 billion hedge fund industry is bracing for a headwind after Eureka Report named some of the big investors caught up in the Basis Capital collapse. Former Fairfax CEO Fred Hilmer, venture capitalist Roger Allen and Melbourne’s Myer Family are among those caught up in the mess, writes James Frost
Basis capital
The basis of Basis had turned cactus
‘Tis bemusing to read of Basis Capital looking for someone to sue over its considerable problems. An appraisal of Basis by van Eyk Research indicates the difficulties started very much at home and were evident last year.
More Oz hedge funds rocked by sub-prime mess in the US
Another hedge fund closes its doors in Sydney to investors, albeit temporarily, as it struggles to right the ship after being rocked by the growing credit crunch and the subprime mortgage mess in the US, writes Glenn Dyer.
Hedge managers fan super anxieties
As Australian hedge fund managers stare down the barrel at their first major league disaster, the crisis at the $1 billion hedge fund group, Basis Capital, is set to spark a fresh examination of hedge fund exposure.
