Author Archives: the HedgeCo News Team
Moody’s to Launch Internal Investigation Following Ratings Errors
New York (HedgeCo.Net) – Credit rating agency Moody’s said on Tuesday that it would probe deeper into why its staff incorrectly rated approximately $1 billion of complex debt securities. While it was thought to be a computer error that caused […]
Skandia launches offshore protected fund of funds
CityWire.co.uk- Skandia has launched an offshore protected fund of funds which aims to offer capital protection alongside investment returns from the global equity markets. The Royal Skandia Protected Portfolio Investment Global Vista Life fun (PPI Global Vista) will offer exposure […]
A Hedge Fund Manager’s Crusade To Expose Losses
NPR News- The people who run hedge funds can be famously secretive about their work. Not David Einhorn. Einhorn founded Greenlight Capital, which manages about $6 billion in assets. He recently waged a very public battle against Lehman Brothers, claiming […]
Hedge fund veteran’s new firm to tackle funding
Reuters- Meeting long-term funding obligations can be the stuff of nightmares but that’s what hedge fund industry veteran Philip Duff says his new firm can do to help pension funds, endowments and insurers tackle. For years, Duff has warned these […]
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 […]
Hedges turn to business of rescue
Financial Times- Even as politicians and regulators accuse hedge fund short-sellers of trying to bring down banks in Britain, the US and Australia, top hedge managers are providing rescue capital to prop up the ailing corporate world. The latest bail-out […]
Wittenham launches hedge fund for frontier markets
Reuters- Singapore’s Wittenham Investment Management launched a fund of hedge funds to invest in frontier capital markets such as Africa, Middle East and countries in the former Soviet Union. The MENA Plus fund would start with a minimum $7 million […]
Connecticut hedge fund scammer wants diploma
Newsday- A 23-year-old man convicted of running a hedge fund scam in Connecticut has filed a federal lawsuit against New York University, claiming the school owes him a diploma. Hakan Yalincak, an NYU undergraduate, was sentenced last year to 3 […]
UBS considers Paine Webber sale in review
Reuters- Beleaguered Swiss bank UBS is considering the sale of Paine Webber, the heart of its U.S. wealth management business, according to sources with direct knowledge of the matter. UBS is under pressure from the Swiss financial watchdog and from […]