Monthly Archives: March 2010
Hedge Fund Offers to Buy Novell
WSJ – Elliott Associates LP, a hedge fund that holds an 8.5% stake in Novell Inc., offered to buy the rest of the software company for about $1.8 billion. Novell shares, which were off 1% in 4 p.m. trading, surged […]
Hedge Fund Regulation Certification Launch
The Ireland-based Hedge Fund College has announced the launch of its Certificate in Hedge Fund Regulation, the first regulatory certification in the hedge fund industry. “Never has it been more important for the hedge fund industry to demonstrate a greater […]
Ex-Galleon Manager Pollock Plans Stock Hedge Fund at CastleBay
Bloomberg – Justin Pollock, a former portfolio manager at Galleon Group, and three others he worked with in Singapore at the U.S. firm that closed, joined CastleBay Capital Management Pte and will start an Asian equity hedge fund. Pollock, 34, […]
Ex-Polygon Team Said to Plan Asian Event Fund as Early as March
BusinessWeek – An ex-Polygon Investment Partners LLP team led by Anthony Correa and Hani Abuali will start an Asia hedge fund as early as this month to trade securities affected by events such as mergers, said three people with knowledge […]
U.S. probes hedge fund bets against euro: report
Reuters – The U.S. Justice Department has launched an investigation into whether hedge funds might have acted together betting against the euro, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The newspaper said the department […]
Cowen Launches Hedge Fund Focused RTS Global Fund
New York (HedgeCo.net) – Cowen Group, Inc. announced the creation of Ramius Trading Strategies LLC , a subsidiary of Ramius Alternative Solutions LLC, and the launch of the RTS Global Fund. The multi-manager RTS Global Fund offers clients exposure to hedge […]
BC Partners to court sovereign fund investors
Reuters – Private equity firm BC Partners BCPRT.UL will target wealthy sovereign funds when its next 6 billion-euro ($8 billion) fund hits the road in the second half of the year, the firm’s managing partner said. BC Partners hopes that […]
Hedge funds post small gains in Feb
Reuters – Global hedge funds posted small gains in February as many prominent managers steered clear of stocks and bet against Europe’s common currency, analysts at Bank of America Merrill Lynch said. The average hedge fund gained 0.34 percent last […]
GAM 09 Pft Down; Investors Still Shun Hedge Funds
WSJ – GAM Holding AG said Tuesday that 2009’s pro forma profit fell on the year, in part because investors are still shying away from hedge fund investments, and repeated its intention to spend excess cash on potential acquisitions. GAM […]
Och Ziff Hedge Funds Rise in February
WSJ – Och-Ziff Capital Management LLC had another positive month in all its main hedge funds, and the New York hedge fund manager’s assets under management increased $600 million during the month, according to a regulatory filing. The assets under […]
Hedge funds, private equity face profit squeeze
Reuters – Hedge fund and private equity firms face a tough future of higher costs and lower profits as they struggle to cope with investor demands for better supervision of their assets and lower asset bases. Small firms in particular […]