Author Archives: the HedgeCo News Team
BlackRock details amended agreements with Merrill
Reuters- U.S. asset manager BlackRock Inc gave details on Tuesday of the revised agreements it has struck with top shareholder Merrill Lynch & Co Inc that, among other things, try to protect BlackRock’s interests if Merrill’s structure changes substantially. Merrill […]
Funds of hedge funds look to global macro for gains
Guardian.co.uk- Funds of hedge fund managers are looking to global macro funds to try and steer clear of the mess thrown up by the credit crisis while cautiously dipping their toes in a small pool of more risky assets, a […]
Investors quit emerging markets for developed safety
Reuters UK- Investors are responding to the sharp falls on equity markets around the world by shifting from what are now being seen as vulnerable emerging markets to relatively safer developed ones. The moves — which can be seen in […]
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 […]
Paulson & Co. To Launch New Hedge Fund
New York (HedgeCo.Net) – John Paulson, the infamous hedge fund manager turned billionaire who bet brilliantly against the housing market, will start a new fund later this year according to a report published on Bloomberg.com. The new hedge fund will […]
RBS Sued by Hedge Fund Over Withdrawn ABN Investment, FT Says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 […]
Amidst Rumors About Jobs Health Problems, Apple Shares Drop
eFluxMedia- Quoting an unnamed Wall Street source, the New York Post said that Apple’s hedge fund investors are very worried after Steve Jobs appearance at MacWorld 2008. In June, Apple downplayed the rumors rumors and speculations regarding Steve Jobs’ health. […]
Assured Guaranty Says Profit Will Surge on Derivatives Gains
Bloomberg- Assured Guaranty Ltd., which owns one of two bond insurers to have retained Aaa credit ratings, said its second-quarter profit would surge by more than 14 times because of gains in credit derivatives. The company, whose second-biggest shareholder is […]
SEC Loosens Ruling On Fund Solicitation Fees
West Palm Beach (HedgeCo.Net)- The SEC has clarified its position on the "Cash Solicitation Rule" saying that a registered investment adviser may compensate a person for soliciting investors for, or referring investors to his or her investment fund. Usually, under […]
Nippon Life to take stake in Russell
Reuters Tokyo- Japan’s Nippon Life Insurance plans to invest about 30 billion yen ($282 million) in Russell Investments and form a business alliance with the U.S. investment and index group, sources familiar with the matter said. Nippon Life, Japan’s top […]
Managed Funds Association Says Financial Problems Not Related To Short Selling Rules
West Palm Beach (HedgeCo.Net)- The Managed Funds Association (MFA) and the Coalition of Private Investment Companies (CPIC) called on SEC Chairman Christopher Cox in a letter to not extend the emergency order on short selling beyond the announced expiration date. […]