Author Archives: the HedgeCo News Team
Health Insurers Hedge Their Bets
BusinessWeek – For managed-care organizations (MCOs), which footed the bill for roughly 34% of U.S. health care spending in 2007, health-care reform presents uncertainty and opportunity. Proposals now being debated in Washington and the different states aren’t affecting near-term business, […]
Hedge fund gets all of its ducks in a row
New Zealand Herald – Eyebrows were raised this week when New York hedge- fund Elliott International nominated two Kiwi businessman – including recently appointed Infratil director Mark Tume – to join the Telecom board. Telecom is on the fringes of […]
Hedge Fund Advisor Hires Mathematician and Boosts Assets
West Palm Beach (HedgeCo.net) – Hedge fund advisory firm D5 announced the launch of two new accounts, with each promising capacity of $50 million, for a possible $ 100 million on additional capital for the firm. The new accounts coincide […]
Former UBS Trader’s Hedge Fund Takes a Hit
New York (HedgeCo.Net) – The SRM Global Master Fund, headed by former UBS AG star trader Jonathan Wood, is down about 85% over the course of its two-year tenure, according to a report by the Wall Street Journal. Launched in […]
Hedge funds thrive on downturns says report
Hedge Funds Review Magazine – Hedge funds generally are more correlated in bull market runs and more de-correlation at market downturns. A comparison of the Credit Suisse/Tremont Broad Benchmark Index (HEDG), an asset-weighted broad benchmark of the hedge fund industry, […]
Turnberry Hedge Fund to Liquidate
New York (HedgeCo.Net) – Turnberry Capital Management LP has decided to close its doors and liquidate its assets, after many investors inquired about getting their money back. The hedge fund, which specializes in purchasing distressed debt, once held approximately $800 […]
Hedge Fund Correlation Research Report by Credit Suisse
West Palm Beach (HedgeCo.net) – Hedge funds generally are more correlated in bull market runs and more de-correlation at market downturns. A comparison of the Credit Suisse/Tremont Broad Benchmark Index (HEDG), an asset-weighted broad benchmark of the hedge fund industry, […]
Swing back to bank stocks is overdone, says Merrill Lynch
Times Online – The fashionable investment tactic of the past month – buying bank stocks while selling energy companies – could already have gone too far, Merrill Lynch, the financial management group, warned clients yesterday. In mid-July, hedge funds, pension […]
Tokio Marine Makes Gradual Shift to Hedge Funds as Prices Drop
Bloomberg – Tokio Marine Holdings Inc. will shift more of its 11 trillion yen ($100 billion) in assets to hedge funds and scour the globe for bargains as the credit squeeze forces down prices. Tokio Marine & Nichido Fire Insurance […]
Index eyes bargains in biotech
Reuters UK – Bombed-out valuations present an unprecedented buying opportunity in the European biotech sector, according to venture capital firm Index Ventures, which is eyeing both early and late-stage opportunities. "It’s like being in a candy shop," partner Francesco De […]
Prudential name Harvey McGrath as new chairman
Glasgow Daily Record – Insurers Prudential yesterday named the former boss of the world’s largest listed hedge fund manager as their new chairman. Harvey McGrath, 55, will join the board on September 1 and take over from Sir David Clementi […]