Monthly Archives: March 2007
Hedge funds try to block NWA filing extension
A group of Northwest Airlines shareholders late Monday asked a bankruptcy judge to deny the carrier’s request for an extension to exclusively file its reorganization plan. Eagan-based Northwest’s exclusivity period is set to run out on Friday. It has asked […]
The State of Hedge Funds
On the New York Stock Exchange, hedge funds account for more than half of its daily volume and have an equal affect on the global financial market. This growing industry comprises an estimated $1 trillion in Assets Under Management (AUM) […]
IncreMental Hedge Fund Conference
Risk management is a new topic covered in the Hedge Fund Due Diligence conference, part of IncreMental Advantage’s Executive Conference series. Other topics include evaluating managers, and hedge fund performance, evaluating funds of hedge funds and legal and compliance issues. […]
Cornell Capital announces Italian Joint Venture
HedgeCo.net – JERSEY CITY, NJ/MILAN, March 13, 2007 – Yorkville Advisors LLC, the investment advisor to Cornell Capital — a private investment firm that specializes in structured finance — today announced that they have entered into a joint venture agreement […]
Citi Alternative Investments Appoints Philip Anker as Head of Global Institutional Sales and Marketing
HedgeCo.net – New York/London  Citi Alternative Investments (CAI) is pleased to announce the following organizational changes in its Sales and Marketing Group. Philip Anker has been named Managing Director and Global Head of Institutional Sales and Marketing. Based in […]
Citi Alternative Investments Names Andrew Black and Tim Greatorex to Co-Head Global Credit Structures
HedgeCo.net – London  Citi Alternative Investments (CAI) has announced that Andrew Black, Head of London Credit Structures and Tim Greatorex, Head of SIV Strategies, have been named co-heads of theGlobal Credit Structures (GCS) business. GCS develops and provides investment, […]
Hedge Funds Continue Solid Performance
A one-day, global panic could not derail a second strong month of hedge fund performance in 2007, according to The BarclayGroup. Overall, hedge funds were up 0.84% in February, and have earned nearly 2% through the first two months of […]
Asian Start-Up Set To Launch With A Record $1 Billion Hedge Fund
According to a report in the Financial Times, the first start-up independent Asian hedge fund is likely to begin with more than US$1bn and is expected to launch in the coming weeks, according to people familiar with the situation. This […]
Union leaders to Develop International Response to Growth of Hedge Funds
Amid the spectacular growth of hedge funds investments, trade union leaders from more than 20 countries are to meet at OECD Headquarters in Paris on the 16 March to discuss the impact of hedgefunds on employees’ job security and pensions.In recent […]
Activist Hedge Fund To Sell Stocks in Gartmore
Activist hedge fund Carrousel Capital had agreed to sell its shares in £386 million ($744.8 million) Gartmore European Investment Trust, refusing the option of a tender offer to close out itsposition at a tight discount. The hedge fund currently owns […]
Judge Orders Hedge Fund Disclosure in Northwest Case
Judge Allan Gropper of the U.S. Bankruptcy Court in New York ordered hedge funds to disclose the details of their holdings in Northwest Airlines. “Any interest that individual committee members may have in keeping this information confidential is overridden.” Gropper’s […]
MFA Comments on SEC’s Proposed Accredited Natural Person and Antifraud Rules
HedgeCo.net – WASHINGTON, D.C., March 12, 2007 — Managed Funds Association (MFA) submitted a comment letter to the Securities and Exchange Commission (SEC) on Friday, March 9,2007 in response to its request for comments regarding its proposed rules on “Accredited […]