Author Archives: the HedgeCo News Team
DanFonds Launches Frontier Hedge Funds
West Palm Beach (HedgeCo.net)- A Copenhagen based Cayman fund, DanFonds, is trying a novel approach to the market for hedge funds by launching the ‘Frontier Markets Fund’, a hybrid between the public market hedge fund approach and the private equity […]
Man says demand for fund products remained strong
Reuters – Man Group Plc, the world’s biggest listed hedge fund company, said demand for its fund products had remained strong in the first quarter and it was confident about its prospects for the full year. Sales in the three […]
Hedge fund puts freeze on withdrawals
Investment News – Investors in Sandelman Partners LP’s $3.2 billion multistrategy hedge fund will not be able to make withdrawals due to a restructuring of the fund, The Wall Street Journal reported. The announcement came after 20% of stakeholders in […]
Recent Tax Rulings Affecting Hedge Funds
The Internal Revenue Service (“IRS”) has recently issued new rulings and regulations that have an impact on tax filings by many hedge funds. The new rulings deal with the deduction of investment interest expense for trading funds and fund-level expenses […]
Leopard Capital Competes to Invest in Cambodia Acleda Bank
Bloomberg – Leopard Capital, which is setting up a $100 million private-equity fund to invest in Cambodia, said it’s competing to buy a stake in Acleda Bank Plc, the largest Cambodian bank. “It’s the best-run bank, it’s clean and it […]
Florida ABL Hedge Fund to Launch This Month
New York (HedgeCo.Net) – Jacksonville, Florida-based Advantage Capital Equity Solutions is set to unveil its new asset based lending hedge fund at the end of this month according to an article published in FINalternatives. The Advantage Capital Equity Fund II […]
Fortis sells hedge fund International Asset Management
Reuters – Belgian-Dutch financial services group Fortis said on Wednesday it had sold former ABN AMRO unit International Asset Management IAM.L as part of a strategy to bolster its balance sheet. Fortis said in a statement it had sold London-based […]
Hedge funds show poor half-year results
Daily Telegraph- Some of the world’s best-known activist hedge funds are suffering their worst start to the year on record with many posting losses of more than 20 per cent of their funds. London-listed RAB Capital’s Special Situations fund has […]
Hedge Fund Man Group Shows Positive Product Return
West Palm Beach (HedgeCo.net)- Global Hedge fund Man Group has increased their assets under management from $74.6 billion at 31 March 2008 to $79.5 billion at 30 June 2008. "Demand for our fund products has remained strong, both from private […]
Money manager Keeley takes stake in Pzena
BOSTON (Reuters) – Keeley Asset Management, which made its name by selecting small and forgotten companies, said on Wednesday that it took an 18 percent stake in beleaguered money manager Pzena Investment Management. Keeley now owns 1.09 million Pzena shares, […]
Hedge funds turn in their worst record for nearly 20 years because of credit crunch
Independent- Hedge funds turned in their worst first-half performance in almost two decades because of the credit crunch and the onset of a bear market in stocks. Hedge funds declined by an average 0.7pc in June, bringing the year-to-date loss […]