Author Archives: the HedgeCo News Team
Hedge fund code to catch the willing and unwilling
Reuters- Many of Europe’s hedge funds will sign up to a voluntary code of standards to appease institutional investors and avoid punitive regulation, but even those that don’t will be unable to ignore it. The standards on governance and disclosure, […]
Coca-Cola agrees to $137.5 mln settlement in case
Reuters- Coca-Cola Co (KO.N) agreed to pay $137.5 million to settle a shareholder lawsuit that claimed the world’s largest soft drink maker artificially inflated sales to boost its stock price, according to court documents. The lawsuit, filed in October 2000, […]
JPMorgan Marathon Embrace Begins Dimon Lure of Lost Hedge Funds
Bloomberg- A year after Andrew Rabinowitz yanked his hedge fund’s cash from Bear Stearns Cos. because of concern the Wall Street firm wouldn’t make good on its trades, he’s ready to return. For Rabinowitz’s New York-based Marathon Asset Management LLC, […]
Hedge funds turn lives into a game
Taipei Times- Two years there was a music festival at Knebworth, in central Britain, that was very different. At “Hedgestock” 4,000 hedge fund managers and investors paid US$1,000 a ticket for a weekend of rock’n’roll, champagne, laser clay pigeon shooting […]
Asian Funds Increase Use of Multiple Prime Brokers, Survey Says
Bloomberg- Asian hedge funds are increasing their use of multiple prime brokers after the U.S. subprime mortgage market collapse heightened the risk of relying on a single investment bank for brokerage services, an AsiaHedge survey found. Hedge funds that are […]
Hedge Fund Report; Bear Buyout Could Cost Taxpayers
New York Post- Taxpayers are all but certain to take a hit on the securities the Federal Reserve accepted as part of JPMorgan Chase’s takeover of Bear Stearns, according to a report by a hedge fund that is an investor […]
GLG’s Hiring Spree
West Palm Beach (HedgeCo.net)- Soon after the scheduled departure of several senior traders and executives was announced, hedge fund GLG Partners has begun hiring new experts to fill in the gap. Experts such as as Galia Velimukhametova, Fabrice Bay, and […]
Recent failures slow growth of Icahn
Boston Globe- Carl Icahn has hit the roughest patch of his hedge fund career. His $7.9 billion in hedge funds fell 7 percent between October and April, the biggest peak-to-trough loss since the funds opened in November 2004, according to […]
No Bail for Hedge Fund Schemer Israel
New York (HedgeCo.Net) – Chances are, when you stage a suicide to avoid a 20-year prison sentence and spark an international manhunt, you’re probably not going to have the luxury of being granted bail. That’s exactly what happened when Judge […]
Hedge funds go short with FII help
Economic Times- With stock prices in a free fall, India-obsessed hedge funds that were pushing up the market to dizzying levels are now looking to benefit from the slide by going short on India. Many of them are said to […]
Taylor Wimpey Gets Financing Approach From Hedge Fund, FT Says
Bloomberg- Taylor Wimpey Plc, Britain’s biggest housebuilder, may get a 100 million-pound ($199 million) investment from a hedge fund to bridge a financing gap, the Financial Times reported, citing unidentified people close to the money-raising effort. Shares of Taylor Wimpey […]