Monthly Archives: March 2008
Christian Hedge Fund Founder Arrested For Fraud
West Palm Beach (HedgeCo.Net)- Hedge fund founder, Steve K. Wilson, was arrested last week on charges related to fraudulent hedge funds operating under the names; Christians in Crisis Investment Fund, Shake the Nations and Opus Capital Holdings. He is being […]
Hedge Fund Aramid Launches Into TV and Digital Entertainment
West Palm Beach (HedgeCo.Net)- Hedge fund Aramid Entertainment is looking to raise $200 million to fund their diversification into television and other digital financing projects. Simon Fawcett, chief executive of Aramid Capital Partners, said, "We have proved our ability to […]
Castlestone to debut agricultural commodities fund
LONDON (Reuters)- U.S.-based investment firm Castlestone Management said on Monday it planned to launch an agriculture fund later this month to take advantage of booming demand for agricultural commodities. The Aliquot Agriculture Fund will be launched on March 31 and […]
Hedge fund manager in £3.5m IT deal with Savvis
Silicon.com- Augustus Asset Managers is outsourcing its core infrastructure in a £3.5m four-year deal with Savvis. The financial services company specialises in hedge funds and manages over $9bn in assets. Under the terms of the deal, Savvis will provide Augustus […]
A kinder, gentler hedge-fund activism
Globe and Mail- Brian Gibson does not believe in the unspoken Bay Street commandment that Thou Shalt Not Accuse Thy Fellow Capitalists of Greed. He never has and, having long ago reached the age when a man’s opinions harden, probably […]
Citigroup, Wachovia face hedge fund lawsuits
Reuters- Citigroup Inc (C.N) and Wachovia Corp (WB.N) are facing separate lawsuits filed in a U.S. Federal court in New York by a small fund, the Wall Street Journal reported on Tuesday. The suit claims that the banks each improperly […]
Two New Long/Short Hedge Funds to be Launched
West Palm Beach (HedgeCo.Net) – Pacific Ocean Capital of Singapore has just announced the launch of their new fund, Asia Telecom. CIO Tom Fuller will take the reigns of the multi-asset fund and will focus on long/short strategies with a […]
Darling Urged to Reconsider Tax Plans for Non-Doms
West Palm Beach (HedgeCo.Net) – Shortly after Alistair Darling outlined his plans to increase taxes on non-domiciled UK residents, the Alternative Investment Management Association is urging him to reconsider. A non-domiciled resident is a foreigner living and working in the […]
Credit crunch fuels investor thirst for art and wine
LONDON (Reuters) – Rollercoaster markets may have cooled investor appetites for shares or property, but interest in offbeat investments is booming as a growing number of art and wine funds compete to combine passion with high returns. Downturns typically mean […]
Hedge Fund Road Show Launch
West Palm Beach (HedgeCo.Net)- Oxford Funding Corporation announced that the company launched the road show this week for its hedge fund, the Oxford Opportunistic Mortgage Fund. The hedge fund’s strategy is to hold, modify if necessary, and liquidate the mortgage assets […]
Krone Is World Beater With Norway Oil Rates
Bloomberg- Foreign-exchange traders searching for refuge from mounting losses in the credit market are heading to Norway. The krone is luring speculators attracted to the highest interest rates in five years and a trade surplus that is bigger than any […]
Muni hedge funds hit by margin calls, Pimco says
SAN FRANCISCO (MarketWatch) Hedge funds that trade municipal bonds have been hit by margin calls in recent days and some are having to sell positions to meet those obligations, according to a leading investor in the market. Problems with bond […]