Author Archives: the HedgeCo News Team
Northern Trust to Manage Auda Hedge Assets
West Palm Beach (HedgeCo.net)- New York based fund manager Auda Hedge LLC has selected hedge fund manager Northern Trust to provide fund administration, custody, banking and foreign exchange services to its fund of hedge fund program, with assets in excess […]
Schroders China JV to launch first overseas fund
BEIJING (Reuters) – Bank of Communications Schroders Fund Management Co is aiming to raise up to 1 billion yuan for its first overseas fund later this month, despite sliding global financial markets, two company sources said. Poor market conditions have […]
Tanking Banks’ Debt Sought By $1B Fund
New York Post- Hedge fund Highbridge Capital Management is trying to raise $1 billion from wealthy investors for a fund focused on buying bank assets hammered by the credit crisis. According to one investor who was considering committing funds, the […]
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 […]
Hedge fund SAC Capital cuts stake in Take-Two
Reuters- Hedge fund SAC Capital reported on Wednesday that it had cut its stake in Take-Two Interactive Software Inc to 4.4 percent from 5.3 percent. The fund did not give a reason for the recent stock sales in a filing […]
FSA moves to make hedge funds disclose CfDs
Independent- The UK’s financial watchdog has targeted hedge funds for the second time this month, demanding more disclosure for those trying to build anonymous stakes in companies using a complex derivative, in a bid to combat market failure. The move […]
Interest Rates Top Swiss DMX Alternative Investment Indice
West Palm Beach (HedgeCo.net)- The DMX, Directional Markets Index, heads the list of investable Alternative Investment Indices provided by Alternative-Index Ltd, with a month-to-date performance of +0.71% and a stellar year-to-date performance of +16.61%. DMX is listed on the Vienna […]
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 […]
Hedge Fund Fraudster Manhunt Comes to an End
New York (HedgeCo.Net) – The international man hunt for Sam Israel came to an end yesterday when the hedge fund fraudster turned himself over to authorities. Israel turned himself into the Southwick, Mass., police station around 9:30 a.m., said […]
Report Forecasts Funds Of Hedge Funds To Dominate European Market
West Palm Beach (HedgeCo.net)- According to a new report by DataMonitor, ‘Hedge Funds in Europe 2008’, the European hedge fund market is going through a period of growth but the extent of the mortgage-backed security crisis is still uncertain. The […]
Bedrock Rolls Out Multi-Strat Fund of Funds
FINalternatives- Bedrock Alternative Asset Management in May launched its Global Diversified Fund, a fund of funds covering private equity, hedge funds, real estate and commodities, combined with traditional stock and bond investments. The fund will invest in a 15 to […]
A Bear executive’s Wall Street comeback
BusinessWeek- Former Bear Stearns executive Richard Marin certainly knows a thing or two about hedge fund failures. Marin was the chairman of Bear Stearns Asset Management when the division’s two big hedge funds imploded last summer, an event that led […]