Author Archives: the HedgeCo News Team
Premier hires ex-Thames River man Wright for Branigan fund
CityWire – Premier Asset Management has hired former Thames River hedge fund specialist Chris Wright to take control of the Premier Dividend Fund from Paul Branigan. Branigan, who also manages an absolute return growth mandate and is chief investment officer of Premier, is handing over to […]
U.S. seeks delay of civil case vs. Bear managers
Reuters – U.S. federal prosecutors asked securities regulators to delay a civil case against two former Bear Stearns hedge fund managers while they hold grand jury hearings in building a criminal case against the pair. Fund managers Ralph Cioffi and […]
Abu Dhabi Commercial Bank files suit over losses of London-based SIV
Financial Times – Abu Dhabi Commercial Bank has filed a lawsuit against two US banks and two rating agencies over losses from a collapsed $6bn structured investment vehicle, formerly managed by London-based hedge fund Cheyne Capital. In the suit in […]
Cayman Hedge Fund Buy-Out and Launch of New Fund
West Palm Beach (HedgeCo.Net) – The Directors of Cayman based Camelot Global Investments announced a management buy-out of their hedge fund, in cooperation with Merlin Global Enterprise. Camelot will join Arkanar Financial Holdings, with the head office being relocated to […]
More to play for in hedge funds
Reuters UK – The hedge fund industry’s trade-of-the-moment — betting on falling financial stocks and rising commodities — is set to offer further profits, despite July’s setback, but managers may have to alter their tactics. Hedge funds may well profit […]
Biden No Hedge Fund Lover
HedgeFund.Net – According to Joseph Biden, the hedge fund industry and private equity deserve the blame for the global credit crisis. The Delaware senator and running mate of Democratic presidential nominee Barack Obama made that assertion in a primary debate […]
Fortress Focuses on Middle East, North Africa for New Hedge Fund
New York (HedgeCo.Net) – Fortress Investment Group, who oversees more than $18 billion in assets, is starting a new hedge fund that will invest in markets throughout the Middle East and North Africa. The new fund, Fortress MENA, is set […]
Ore Hill Hedge Fund Halts Redemptions
New York (HedgeCo.Net) – New York-based Ore Hill has suspended investor redemptions after hefty withdraws set off an “automatic gate.” The $1.2 billion Ore Hill International Portfolio, which is partially owned by hedge fund giant Man Group Plc, was frozen […]
Biden’s Son, Brother Named in Two Suits
Washington Post – A son and a brother of Sen. Joseph R. Biden Jr. (D-Del.) are accused in two lawsuits of defrauding a former business partner and an investor of millions of dollars in a hedge fund deal that went […]