Author Archives: the HedgeCo News Team
ARE Opportunity Fund Launch
West Palm Beach (HedgeCo.net) – Lee Hetfield has joined ARE Asset Management LLC, a distressed credit and distressed real estate asset management company in Florida, as Portfolio Manager. Hetfield reports that as of May 30, 2008, ARE Asset Management launched […]
JPMorgan plans $1 bln Asia property spree
Reuters – JPMorgan plans to invest more than $1 billion in Asian real estate over the next three years, hoping to fill a gap as Indian and Chinese developers crave funds and rival investors recoil from property markets. The investment […]
Swedish investor Cevian Capital buys shares in Daimler
Forbes – Swedish investor Cevian Capital is acquiring shares in Daimler AG in an apparent effort to become a significant shareholder in the German carmaker, Sueddeutsche Zeitung said, citing an unnamed hedge funds manager source. It said financial sources consider […]
Hedge funds seek out Middle East alpha
EuroMoney – Paul Watthey, marketing director for EMEA at Advent Software, estimates that there are approaching 60 hedge funds in Bahrain as well as a smaller number in Dubai. "There has not been the surge in the number of managers […]
BAA in talks with hedge fund to save finance plan
Telegraph.co.uk – BAA is in urgent talks with a hedge fund client of investment bank UBS that is threatening to scupper the airport operator’s proposed £7.65bn refinancing. As today’s deadline for bondholders to vote through a crucial part of the […]
Ex-Merrill Banker Kim Abandons Plans for Hedge Fund
Bloomberg – Dow Kim, the former head of trading and investment banking at Merrill Lynch & Co., dropped plans to start a hedge fund after investors backed out, according to two people with knowledge of the matter. Kim had been […]
Hedge Fund Looking Into Steve & Barry’s
West Palm Beach (HedgeCo.Net) – Hedge fund Bay Harbour Management is poised to take over bankrupt clothing retailer Steve & Barry’s. The company announced on Monday it has filed a "stalking horse" purchase agreement with the hedge fund in which […]
High Flying Falcone Has His Wings Clipped
New York Post – After months of falling financial stocks and rising oil prices, July’s sudden turnaround was a welcome relief to average investors. Not so for hedge funds – including subprime-mortgage superstar Phil Falcone. That’s because a number of […]
Jack Nash, Pioneer in Hedge Funds, Dies at 79
New York Times Blogs – Jack Nash, a former chairman of Oppenheimer & Company who helped pioneer the modern hedge fund business, died July 30 in Manhattan. He was 79. He died at Mount Sinai Medical Center after a long […]