Author Archives: the HedgeCo News Team
House denies alternative minimum tax expansion
Seattle Times- The House on Wednesday approved a plan to protect more than 20 million families from an expensive levy called the alternative minimum tax (AMT) while raising taxes on hedge-fund managers and oil companies. But the measure has little […]
Citigroup’s head of hedge fund services leaves
BusinessWeek- Citigroup Inc.’s head of hedge fund services is leaving the company, according to an internal company memo. Steve Bowman has worked at Citi, now the nation’s largest bank by assets, for 24 years in both the New York and […]
Area hedge funds the lure for West Coast firm
Norwalk Advocate- A California firm that provides financial assistance to companies has chosen Westport to locate its first East Coast operation. Seeking to expand its operations to lucrative Greater New York and Fairfield County, San Francisco-based Business Capital, a provider […]
ICICI Ventures to list $1.5bn realty fund on London Stock Exchange
MSN India- ICICI Venture Fund Management is planning to list its $1.5 billion real estate fund on the London Stock Exchange (LSE). According to sources, the fund house will be providing the flexibility in the document to list the realty […]
What is it like working for a hedge fund?
BBC News- Hedge funds tend to be based well away from London’s financial hotspots such as the City and Canary Wharf, in districts such as Mayfair. But his employer, Lionhart Investments, is based next door to the golf club in […]
RWC makes double hire for Asia fund launch
CityWire.co.uk- RWC Partners has recruited Carmel Peters and Kirsty McLaren for the launch of an Asian-focused fund. Investment boutique RWC, which changed its name from MPC Investors earlier this month, has hired Peters and McLaren from Sofaer Capital. The duo has […]
Fairfax interests warn hedge funds
The Australian- The private company controlled by John B. Fairfax, Marinya Media, which owns 14 per cent of Fairfax Media, has issued a blunt message to speculators and hedge funds that it is not vulnerable to margin calls, despite suffering […]
Ashmore “special situations” fund goes private equity
Reuters- Distressed debt in emerging markets is now harder to find than in developed economies, asset manager Ashmore says, but its "special situations" funds see good growth in emerging private equity. Ashmore’s Global Special Situations Funds started a decade ago […]
Shareholders Approve $7.2 Billion WaMu Bailout
New York (HedgeCo.Net) – A $7.2 billion bailout package was approved Tuesday by 94% of Washington Mutual Shareholders in a move that gives private equity firm TPG control of over 50% of the company, says the Seattle Times. Not that […]
2008 Hedge Fund Award Nominees
West Palm Beach (HedgeCo.net)- AdultVest was nominated among others for the ‘Hedge Fund Launch of the Year’ Award, the alternative investment fund is the world’s first Investment Community designed specifically for the Adult Industry. Other nominees include, Brevan Howard Asset Management, […]
Hedge funds bet on HBOS to fall
Business Spectator- Hedge funds sharply increased their bets against UK lender HBOS in the first days after the Financial Services Authority imposed new rules on June 13, targeting abusive short-selling and smooth the process for firms raising cash from rights […]