Author Archives: the HedgeCo News Team
Regulators have hedge funds in their sights again
RightSide Advisors- Nimbleness and creativity are qualities rarely ascribed either to America’s financial regulators or to Congress. Perhaps that is one reason why both groups continue to fumble over how to deal with hedge funds, which typically exhibit both in […]
Hedge fund guru calls bottom of market. Well, sort of…
CityWire.co.uk- Punch-drunk investors have – perhaps a little predictably – interpreted the news as Paulson preparing to call the bottom of the market. And it is certainly an interesting development from the man widely considered to be the ‘greatest’ financial speculator since […]
Bahrain’s Investcorp H2 profit slumps on global woes
Reuters Dubai- Bahrain-based investment bank Investcorp’s INVB.BH profit in the six months to June 30 fell to about a third of the year-ago period as asset-based income dropped on global economic woes. The company, which generates most of its income […]
Paulson hedge fund now looks to buy banks
Independent- The man who made a personal $3.7bn (£1.85bn) fortune by predicting the credit crisis is hoping to make another killing by helping to prop up financial companies brought to the brink of ruin by the chaos in the debt […]
Tokio Marine to buy Philadelphia Cons
Reuters Tokyo- Tokio Marine Holdings Inc plans to buy non-life insurer Philadelphia Consolidated Holding Corp for about $4.7 billion (2.4 billion pounds), in the largest acquisition by a Japanese financial firm in the United States. Tokio Marine, Japan’s largest non-life […]
Hedge fund chiefs look to global macro funds in difficult market
International Herald Tribune- Hedge fund managers are looking to global macro funds to try to steer clear of the mess created by the credit crisis while cautiously dipping into a small pool of more risky assets, a Reuters poll found. Stormy […]
Hedge Fund Backed GlamMedia Hires ExGoogle Director
West Palm Beach (HedgeCo.Net)- Michael Adair, former head of sales finance for Google North America is joining Glam Media Inc, a global web-publishing network, as Vice President of Corporate Development and Finance. “I am excited to join Glam Media’s executive […]
Pharos Russia Hedge Fund Holds Up In June
West Palm Beach (HedgeCo.Net)- Russia has held up very well over the month of June according to one of the most experienced Russian hedge fund managers, Pharos Financial Group. For the first half of 2008, the Pharos Russia Fund was […]
RBS Sued by Hedge Fund Over Withdrawn ABN Investment, FT Says
Bloomberg- Royal Bank of Scotland Group Plc has been sued by London-based hedge fund Merebis Capital Management LLP for reversing a 250 million-euro ($395 million) investment in Merebis by ABN Amro shortly after RBS acquired the Dutch bank, the Financial […]
Friends Provident offers precious metals fund
Reuters UK- Friends Provident will offer a precious metals fund to retail investors looking for protection against inflation and financial market turmoil, the company said on Monday. The fund, managed by U.S.-based Castlestone Management, only holds physical gold, silver and […]
Paulson Wants a Say in Hedge Fund Breakdowns
New York (HedgeCo.Net) – Treasury Secretary Henry Paulson outlined a plan yesterday that may give some power to the U.S. government when hedge funds come to the end of the road. Paulson said that in the event of trouble, he […]