Author Archives: the HedgeCo News Team

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.

The climate for hedge funds in the GCC

June 23, 2008 : Permalink

CPI Financial- The turmoil in global financial markets since last year has set an intriguing backdrop for examination of hedge funds in the Middle East region. After more than two decades of using hedge funds, private client investors from the […]

INTERVIEW-Morningstar to cover India funds by early 2009

June 23, 2008 : Permalink

Reuters India- U.S. firm Morningstar Inc will expand its investment research coverage to Indian funds by early next year and hopes to hire 10-20 staff by March, a senior executive said on Monday. Morningstar, founded by its Chairman and Chief […]

Council Gets Set To Press a Tax on Hedge Funds

June 23, 2008 : Permalink

New York Sun- A majority of the City Council is backing a tax-the-rich plan that would require hedge fund and private equity fund partners to pay a city tax on income generated by investments, making it more likely to gain […]

An Investcorp fund has won a top European hedge funds award.

June 23, 2008 : Permalink

Gulf Daily News- An Investcorp fund has won a top European hedge funds award. Investcorp Stoneworks Global Macro Fund won the best newcomer award at Hedge Funds Review’s European Performance Awards in London. The awards recognise leading hedge fund managers […]

Global Macro Fund’s Loss Is a Cloud in Sunny Sector

June 23, 2008 : Permalink

Wall street Journal- U.K. hedge-fund manager London Diversified Fund Management recorded a loss of 17% on its global macro fund for the year to June 6, a rare loss under what generally has been a successful strategy. Global macro funds […]

Hedge Funds in the Crosshairs

June 20, 2008 : Permalink

FOXBusiness- With record losses from the subprime and credit crisis veering towards the $400 bn mark, here come the market police. In the crosshairs: Hedge funds, including the indictments of the two Bear Stearns hedge fund managers. A senior law […]

Girlfriend of NY hedge fund swindler who disappeared is charged with helping him escape

June 20, 2008 : Permalink

International Herald Tribune- The girlfriend of a missing hedge fund swindler was arrested Thursday and charged with helping him elude his sentence on the day he was supposed to begin serving 20 years in prison. Debra Ryan was charged with aiding […]

Investment banking’s pain is hedge funds’ gain

June 20, 2008 : Permalink

Reuters- The hedge fund industry is set to attract bankers and traders from an exodus of high-flyers leaving troubled investment banks in search of bigger bonuses and better job security. Bankers joining hedge funds is not a new phenomenon, but […]

406 indicted in crackdown on mortgage fraud

June 20, 2008 : Permalink

Ventura County Star- More than 400 real estate industry players have been indicted since March, — including dozens in the last two days — in a Justice Department crackdown on incidents of mortgage fraud that stem from the country’s housing […]

Proxy advisory firm backs hedge funds’ nominees for CSX board

June 20, 2008 : Permalink

Bizjourmals.com- The country’s largest proxy advisory company recommended the election of four of the five board members nominated by hedge funds engaged in a proxy contest with CSX Corp. The Children’s Investment Fund Management LLP and 3G Capital Partners Ltd. […]

Seeder Pulls Out, New York Hedge Fund to Liquidate

June 20, 2008 : Permalink

New York (HedgeCo.Net) – New York hedge fund Manhasset Capital will start the liquidation process later this month after the decision was made by the fund’s seeder to pull out their $100 million initial investment.    A spokesperson for Fairfield […]

Force of credit crunch made plain as 170 hedge funds crash in three months

June 20, 2008 : Permalink

Times Online- Hedge funds are continuing to feel the full force of the credit crunch, with 170 funds forced into liquidation during the first quarter, a Chicago research firm reported yesterday. The bleak figures published by Hedge Fund Research (HFR) […]