Author Archives: the HedgeCo News Team
Giant hedge fund firm plans to spin off Raptor business
MarketWatch – James Pallotta, vice chairman and managing director of U.S. public equities at Tudor Investment Corp., is leaving the giant hedge fund firm and plans to launch the Raptor Global Funds unit he runs as a separate business, according […]
John W. Henry, Altis, Man Funds Slide in July Commodities Rout
Bloomberg – John W. Henry & Co., the investment firm run by the Boston Red Sox baseball team’s owner, is among hedge funds that suffered their worst drops in almost 18 months in July as oil and other commodities retreated […]
Medallion Fund Hits a Jackpot
New York Post – Jim Simons, a man known for running one of the world’s most secretive, expensive and successful hedge funds, is on track to wow investors with another year of double-digit returns. Simons’ $8 billion Medallion fund, the […]
In dim year, 2 Mass. funds shine bright –
Boston Globe – Massachusetts again has some of the best money managers in the world. But unless you’re a public employee or the parent of a Harvard student, you won’t benefit much from this tremendous talent. Harvard University’s endowment, already […]
Castle Hall Hires Kosta Segounis
West Palm Beach (HedgeCo.net) – Castle Hall Alternatives, a provider of hedge fund operational due diligence, has hired Kosta Segounis as Senior Manager, he will supervise a team of analysts responsible for operational due diligence on numerous hedge funds. "I […]
GM Increases Loan to Delphi by $300 million
New York (HedgeCo.Net) – While Delphi continues its quest to secure the capital needed to exit bankruptcy, GM has announced they will increase their loan to the auto parts maker to $950 million. The extra $300 million will help Delphi […]
Blackstone Launches CleanTech Investment Arm
West Palm Beach (HedgeCo.net) – Alternative investment manager, the Blackstone Group, has launched a new business group focused on investments in the cleantech energy sector and will provide advice on renewable energy strategies across Blackstone’s asset base. The team is […]
Blackstone’s income falls, but beats expectations
International Herald Tribune – Blackstone Group, manager of the world’s largest leveraged-buyout fund, said Wednesday that second-quarter profit beat analysts’ estimates as gains from hedge funds offset a decline in private-equity takeovers. Net economic income, a measure that excludes some compensation […]
GMP hedge fund makes solid debut
Globe and Mail – GMP Securities enjoyed a solid debut with its new and much-scrutinized hedge fund. GMP Diversified Alpha Fund, a multi-strategy fund launched last year by the investment dealer, published its first set of performance numbers Thursday as […]
Merrill, Citigroup to Buy Back $30 Billion in ARS
New York (HedgeCo.Net) – Merrill Lynch and Citigroup, two banks that have already written down billions in losses, will buy back $30 billion in auction-rate securities as part of an agreement with regulators. This comes after the threat made by […]
Rupert Allan Hires Fund Of Hedge Fund Specialist
West Palm Beach (HedgeCo.net) – Established leader in the management of fund of hedge funds, Tremont Capital Management, has appointed Scott R. Metchick as Chief Investment Officer. Metchick brings to Tremont over 20 years of experience in the fund of […]
NFL Owners Could Put up a Steel Curtain to Hedge Fund
New York (HedgeCo.Net) – Mention the Pittsburgh Steelers and there are certain things that may come to mind. Five Superbowl rings, their dominance in the 70’s, or maybe even greats like Lynn Swan and Terry Bradshaw. But what always comes […]