Author Archives: the HedgeCo News Team
Short sellers hack into Fortescue
News.com.au- Iron ore tycoon Andrew Forrest is under attack from international hedge funds in a co-ordinated short-selling blitz against his Fortescue Metals Group — a campaign that has caused the company’s stock, and the executive’s paper fortune, to slump by […]
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 […]
Hedge Fund Blackstone Opens Office in Beijing
West Palm Beach (HedgeCo.net) – Global alternative asset manager Blackstone Group is opening a representative office in Beijing with former Vice President of Beijing Mainstreets Investment Group, Mr. Shan Fu as chief representative. "The opening of our Beijing office and […]
Global Consulting For Structured Finance In Film, Media & Entertainment
West Palm Beach (HedgeCo.net) – Noci Pictures Entertainment has launched a one-stop global film finance and production service consulting division. The fund is aimed at hedge funds, ultra high net worth investors, tax credit buyers, purchaser representatives, family offices, and […]
New York Hedge Funds Need Quick Turnaround
New York (HedgeCo.Net) – New York’s top 100 hedge funds are in trouble and can’t seem to get out of the red, according to performance reports obtained by the New York Post. Prominent hedge funds are still trying to recover […]
Investments in Asia hedge funds halved
Reuters Singapore – Investors almost halved the money they put into Asia-focused hedge funds in the second quarter compared to the first three months of the year as a selloff in stocks hurt appetite for risky assets, data showed. Asia-focused […]
Daimler informed of foreign hedge fund’s large share buying in company
Forbes – Daimler AG. was told last week that a foreign hedge fund is buying a large number of shares in the car maker after its share price slumped on the back of a profit warning barely two weeks ago, […]
Citigroup to Close Another Hedge Fund
New York (HedgeCo.Net) – Citigroup Inc. will close its $400 million Tribeca Convertible hedge fund in what will help wind down the $2 billion Tribeca Global Investments Group, according to a report published on Bloomberg.com. The closing of the fund […]
British hedge fund buys 5% stake in Sovereign
Milwaukee Business Journal – An activist British hedge fund has taken a 5 percent stake in Sovereign Bankcorp Inc., according to a filing with the Securities and Exchange Commission. London-based Toscafund Asset Management said its passive stake amounts to 33.5 […]
Launch, Market Access to Brazil by UBS
West Palm Beach (HedgeCo.Net) – The global Equities business of UBS announced the launch of Direct Market Access (DMA) for international clients to trade securities on the Bovespa stock exchange in Brazil. UBS is among the first broker-dealers to offer […]