Monthly Archives: June 2011
Hedge Fund Mergers and Acquisitions: Vector, RAE, CITC, ING, Capital One
New York (HedgeCo.net) – Vector Capital, a global private equity firm specializing in the technology sector, has completed its acquisition of RAE Systems, Inc. a transaction valued at approximately $138 million. In connection with the transaction, Vector partnered with $2.2 […]
Ackman eyes ways to raise more permanent capital
Reuters – Hedge fund superstar William Ackman is considering creating a different investment vehicle that would allow him to raise fresh permanent capital for his activist bets while still giving investors access to their money, three people familiar with his […]
Networker Used Friends to Help ‘Hedge Fund Paymasters,’ U.S. Tells Jury
Bloomberg – A former Primary Global Research LLCconsultant got friends at Nvidia Corp. (NVDA) and Marvell Technology Group Ltd. (MRVL) to give her financial data she sold to her “hedge fund paymasters,” a prosecutor told a jury. “This was a brazen insider-trading scheme, and […]
Industry accepts new hedge fund fee
Cayman News Services – The government have introduced only one new revenue raising measure in the 2011/12 budget and it will be levied against the hedge fund sector. The new fee will apply to ‘master funds’ that form part of […]
PCA gets Hong Kong licence for $750 mln hedge fund
Reuters – PCA Investments has won an asset management licence from Hong Kong’s market regulator, clearing it to launch its planned hedge fund aimed at raising more than $750 million. PCA, or Principia Capital Advisors, received the licence on Thursday, […]
WaMu Settlement With Shareholders Over Reorganization Said to Collapse
Bloomberg – Washington Mutual Inc.’s agreement with shareholders, aimed at ending opposition to the company’s more than $7 billion reorganization proposal, has fallen apart, three people with direct knowledge of the negotiations said. The talks broke down over how to […]
Hedge funds back Moss Capital to run Charter Hall
The Australian – A trio of hedge funds are proposing that Moss Capital — founded by the former head of Macquarie Group’s property business Bill Moss — become the new manager of the Charter Hall Office REIT. The hedge funds, […]
Summer Issue of aiCIO: Hedge Funds of Funds Must Adapt or Die
” The End of the 3 and 30 “, from the summer issue ofaiCIO, published today, looks at how hedge funds of funds must adapt or perish, and concludes that a large number will fold regardless of what they do. […]
S.Korea revises regulations to allow homegrown hedge funds
Reuters – South Korea said on Thursday it would revise capital market regulations to allow homegrown hedge funds, betting the move would grow its financial industry, improve market liquidity and encourage funds into new business areas. The revision comes after the […]
Hedge Fund Launches: Direxion’s Five New Leveraged and Inverse ETFs
Direxion, a pioneer in providing alternative investment strategies to sophisticated investors, is launching five new Direxion Daily ETFs to its existing lineup of multi-directional funds. The new ETFs include: Bull and Bear funds that seek 300% of the daily performance, […]
Single-Family Offices Planning to Increase Hedge Fund Allocations
New York (HedgeCo.net) – The Rothstein Kass Family Office Group, a division of global professional services firm Rothstein Kass, has published an extensive study of the evolving relationship between the single-family office (SFO) and investment management sectors. “Raising Capital from […]
Washington Hedge Fund Pegasus Settles With SEC
New York (HedgeCo.net) – Washington-based hedge fund manager Pegasus Investment Management LLC (PIM) has agreed to pay a total of $165,000 to settle a SEC charge of failing to disclose to fund investors its receipt of cash payments from a third party. […]