Author Archives: the HedgeCo News Team
Avenue Capital Sees Improved Performance in May
New York (HedgeCo.Net) – New York-based Avenue Capital, the hedge fund that manages roughly $20 billion, is back after a lagging first quarter. The company informed investors that the fund experienced gains in May for the second straight month. The […]
SGI Alternative Strategy Launch
West Palm Beach (HedgeCo.net)- Security Global Investors (SGI) announced a strategic initiative to intensify its capital raising efforts for alternative global equity product offerings. The performance, transparency of the process and a 13-person investment team has garnered attention from hedge […]
Fund giants track property swaps
Reuters- Some of the world’s biggest property fund firms could eventually be tempted to trade property derivatives in a material way as long as the young market continues growing. However, listed property firms such as real estate investment trust (REITs) […]
HNWIs cool on allocation to hedge funds
Hedge Funds Review Magazine- In early 2007 HNWIs bet heavily on riskier asset classes. However further into the year, financial market turmoil and economic uncertainty intensified and HNWIs began to shift their investments to safer, less volatile asset classes. Exposure […]
Borges named chairman of hedge fund rules board
Reuters- Antonio Borges, a former senior banker at Goldman Sachs, has been appointed chairman of the Hedge Fund Standards Board (HFSB), the custodian of the voluntary standards scheme devised by leading members of the sector. Borges, vice chairman of Goldman […]
Paramount Financial Planners owner gets 40 months for fraud
Columbus Dispatch- The owner of a former Columbus financial company that lost more than $8.3million of investors’ money will pay for his crimes with 40 months in prison, a federal judge ruled today. Judge John D. Holschuh ordered the […]
EU Recommends a Tightening of Hedge Fund Transparency Laws
West Palm Beach (HedgeCo.net)- The EU Parliament has come up with new guidelines regarding hedge fund transparency and ‘asset stripping’. Also proposing some investigative measures and rules so that companies are not left in the dark on the investment policies of […]
Hedge Fund Ritchie Capital Drops Suit Against Benchmark
New York (HedgeCo.Net) – The legal battles that ensued between Ritchie and investors who once tried to force an involuntary bankruptcy upon them are slowing simmering down. Chicago based Ritchie Capital has dismissed a complaint it brought against Benchmark Plus […]
6th Annual Hedge Fund Industry Award Winners
West Palm Beach (HedgeCo.net)- Winners of Alternative Investment News’ 6th Annual Hedge Fund Industry Awards were announced on Wednesday evening June 25th at a black-tie dinner and ceremony at Cipriani Wall Street in New York City. The awards recognized hedge […]
CAAM says Brazil best Latin American bet
Reuters- Investors betting on Latin America should be overweight Brazil, the region’s top economy, at the expense of exposure to Argentina, Mexico and Chile, a Credit Agricole Asset Management (CAAM) executive said on Monday. They should also be overweight the […]
Hedge funds to back £4.5bn Barclays issue
Financial Times- Several of London’s largest hedge funds are backing Barclays’ £4.5bn ($8.9bn) capital increase, underscoring the complex roles they are playing in the recapitalisation of the UK banking sector. GLG Partners, Lansdowne, CQS and Och-Ziff have all agreed to […]
Asia to Create Thousands of Hedge Fund Jobs, Pinnacle Says
Bloomberg- Asia’s expanding hedge fund industry will probably create tens of thousands of jobs in the next five years, even as investment bank recruitment dries up after the U.S. subprime mortgage market collapse, said Sheridan Mather, a managing director of […]