Author Archives: the HedgeCo News Team
Asia’s 5 Largest Single-Manager Hedge Funds
West Palm Beach (HedgeCo.Net)- Asia-based funds are getting bigger according to Alpa Magazine. Several of the funds on the list are relative newcomers and five members of the Asia 25 ranking were not on the list last year. The 25 […]
Failed Sowood hedge fund manager raising new money
Reuters- One year after Jeffrey Larson lost about $1.5 billion in one of the hedge fund industry’s most spectacular collapses, he is trying to raise fresh capital for a new fund, people familiar with his plans said. "Larson is back […]
Microsoft Looks Ahead, Leaves Yahoo Behind
New York (HedgeCo.Net) – Microsoft CEO Steve Ballmer declared that they are “done” pursuing Yahoo and focused instead on Microsoft’s need to invest in its internet businesses. However, the past six months of on-again, off-again talks with Yahoo have critics […]
Ex-Wife of Late Hedge Fund Manager Seeks Damages on Behalf of Daughter
New York (HedgeCo.Net) – Kim Klein, ex-wife of late hedge fund manager Michael Klein, has filed a wrongful death lawsuit on behalf of their daughter Talia against both Michael’s company, Pacificor, and his estate. Both Michael and Talia were killed […]
CSX board to meet, but agenda uncertain
Miami Herald- CSX is resuming its annual meeting in Jacksonville, but it is uncertain what will be on the agenda. When the board met in June in New Orleans, it halted the meeting so it could continue counting votes for […]
Singapore fund management assets up 32 pct
Reuters Singapore- Assets managed by fund managers in Singapore grew 32 percent to S$1.173 trillion (431 billion pounds) last year, driven by a doubling in assets held by hedge funds, the central bank said on Thursday. "This is the seventh […]
Iraqi Babylon Fund Maintains in June
West Palm Beach (HedgeCo.Net)- So far this summer, with only some slight exaggeration, Iraq could comparatively be portrayed as a stable, safe & secure place, according to the Fact Sheet for June 2008 for the Iraqi Babylon Fund. Relative calmness […]
Hedge fund buys 6.9% stake in Gaylord
Nashville Tennessean- A filing made with the Securities and Exchange Commission Thursday revealed another institutional investor who placed large bets on shares of Nashville-based Gaylord Entertainment as its stock price drifted to new lows almost two weeks ago. New York-based […]
China-focused funds raise $12 bln in Q2
Reuters Shanghai- Ten new China-focused private equity funds raised $12 billion (six billion pounds) in the second quarter, but poor market conditions have forced foreign funds to delay exits of their investments through IPOs and secondary offerings, consultant firm Zero2IPO […]
Service Corp. Lures Hedge Fund Bets on Boomer Deaths
Bloomberg- Service Corp. International, the biggest U.S. funeral-home and cemetery owner, is becoming a magnet for hedge funds which see the rising death rate among Baby Boomers as the surest way to resurrect the company’s shares. Steven Cohen’s SAC Capital […]
Hedge funds turn institutionalised
The Financial Standard- The global hedge fund space is undergoing a period of radical change as large hedge funds become institutionalised, new research shows. According to international strategy consultancy Celent, large hedge funds are undergoing institutionalisation as US pension plans […]
GSA eyes $1 bln limit for Alpha Capture hedge fund
Reuters- Hedge fund firm GSA Capital plans to raise a further $200-$300 million for its new Alpha Capture fund, which aims to use top stock ideas from investment banks for its trades, the company told Reuters. Alpha Capture, which was […]