Sabre Says It Was Hunted By Rumor-Mongerers

Aug 11 2008 | 12:06pm ET

A London hedge fund has formally alerted the U.K.’s financial regulator that it was the victim of collapse rumors on Friday.

Sabre Fund Management said the “spoof” rumors suggested that rogue trading had the firm facing big losses. In addition to alerting the Financial Services Authority, Sabre has begun its own investigation of the rumors, which included details that pointed to Sabre.

“Our investors already know that we’re perfectly alright; a lot of our business is via segregated managed funds so they can see their assets very clearly,” managing principal Melissa Hill told Thomson Investment Management News. Hill said the firm’s Sabre Style Arbitrage Fund has met its performance expectations this year.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note