Deutsche banks on French alternatives.......

Deutsche Bank believes the French hedge fund market is very promising, reports French news site Agefi.fr, to whom prime brokerage co-head Jonathan Hitchon said: “Paris, as a location, is very dynamic.” Deutsche Bank’s prime brokerage arm takes up to 18% of the world’s market share. He said that 2008 will be a great year for a return to prime brokerage fundamentals, with special focus given to hedge funds.

UK`s Paragon hit as it rejects GBP373m offer
Paragon, the buy-to-let mortgage lender, has rejected a £373m takeover proposal from a private equity group and abandoned talks with other potential bidders, triggering a 15% fall in its share price. Nigel Terrington, CEO, said Paragon was “fully funded until 2017” and had no need of a white knight. Bridgepoint Capital, Apollo Global Management and Blackstone were among the private equity suitors for Paragon, which said in July it had received a number of app......................

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Deutsche banks on French alternatives...


News-Hedge Funds:

1. Credit Crunch Update - Stocks plunge amid Wall St crisis
2. South African hedge funds, now more appetising for the international investor
3. Tai Tam Capital launching to outside investors after 12 months
4. Zurich`s GL Funds lost less than 10%, Emerging Markets...
5. IKANO selects Fisher to manage small cap value equity for its Portable Alpha Fund