Author Archives: the HedgeCo News Team
$100 Million Legacy Africa Alpha Fund Launched By Bank & Hedge Fund Duo
West Palm Beach (HedgeCo.Net)- Florida based hedge fund manager INTL Consilium LLC and First City Monument Bank Plc have jointly launched the Legacy Africa Alpha Fund, a $100 million hedge fund investing in Africa and the Middle East. "The new […]
Shorts Are In a Bind
New York Post- If the Securities and Exchange Commission expands its clampdown on short-selling, it is widely expected to slam hedge funds like Stephen Cohen’s SAC Capital and James Simon’s Renaissance Technologies, which profit from fast-and-furious trading, experts predicted. That’s […]
Housing plan signed, but concerns linger
San Francisco Chronicle- The giant housing rescue plan President Bush signed Wednesday might help stanch the bleeding in the housing market, but experts on both sides of the political divide worry that it is, at best, only an emergency step. […]
Aozora Net Falls 75% as Fees, Hedge Fund Returns Drop
Bloomberg – Aozora Bank Ltd., the Japanese lender controlled by U.S. buyout fund Cerberus Capital Management LP, said first-quarter profit fell 75 percent as fees declined and returns on investments in hedge funds withered. Net income dropped to 9.33 billion […]
German Hedge Fund Manager Becomes Fully Operational Bank
West Palm Beach (HedgeCo.Net) – Baader Wertpapierhandelsbank AG has been granted membership to the Compensation Fund of German Banks (EdB) by the German Financial Supervisory Authority (BaFin). Once the entry into the commercial register has been completed, the institution will […]
Help wanted on Wall Street
CNN Money – No one would dare go so far as to say that the Wall Street job market is bright. Through June, financial firms of all stripes have shed an estimated 63,000 jobs over the past year, according to […]
U.S. Marshals Service to Help Clean Up Hedge Fund Mess
New York (HedgeCo.Net) – While the aftermath of the collapsed Bayou hedge fund may have left investors with nothing more than shock, the U.S. Marshals are trying to recoup some of the losses that were suffered. By selling Bayou’s failed […]
Alan Schwartz Plans Exit from JPMorgan
New York (HedgeCo.Net) – Alan Schwartz, former Bear Stearns CEO, has decided to leave JPMorgan and pursue other ventures. “With most of the work on the merger integration behind us, Alan will be moving on from the firm at the […]
Brown joins Collins Stewart as head of fund sales
Investment Week- Collins Stewart Fund Management has appointed Mike Brown as head of fund sales. He will lead sales of the multi-asset, multi-manager funds and specialist equity, fixed interest and hedge funds from the offshore group. Products under his remit […]
New player on the bad loan scene
Star News Online- Dozens of hedge funds, private equity groups and other investors have plunged into the beaten-down mortgage market in recent months, buying tens of thousands of distressed loans and foreclosed properties around the country. They hope to profit […]
Hedge Fund Hotels Nurture Start-Ups
West Palm Beach (HedgeCo.Net)- Hedge funds have grown from as few as 300 funds in 1990 to more than 10,000 today. However, there has been a recent drop in new fund launches due to the recent credit crunch, closures and […]
Eight Arrested in London Insider Trading Scheme
New York (HedgeCo.Net) – Eight people were arrested yesterday in London on suspicions of insider trading. The city of London police and about 40 Financial Services Authority officials targeted workers at UBS and JPMorgan Cazenove, in what they are […]