Author Archives: the HedgeCo News Team
406 indicted in crackdown on mortgage fraud
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 […]
McCreevy defends hedge funds
Independant- European Union Financial Services Commissioner Charlie McCreevy has defended hedge funds in relation to the fallout from the US subprime mortgage market collapse. The move comes in tandem with a report commissioned by French President Nicolas Sarkozy which states […]
Hedge funds lose shareholder vote on Jelmoli stock split
Forbes- Four hedge funds that own shares in Jelmoli Holding AG. have failed to win over investors at a vote over a proposed stock split and a special dividend at the Swiss retail and real estate companies. The four funds […]
How to make hedge funds comply with Islamic rules
Financial Times- Hedge funds are at the heart of a debate raging between Islamic scholars over whether their practices – particularly short-selling – can be squared with prohibitions on paying interest and on gharar, sales where the value is uncertain. […]
Manhunt for hedge fund felon becomes global
Financial Times- The 10-day-long search for missing hedge fund manager Samuel Israel is entering a critical phase with law enforcement agencies sparing no expense to ensure they "get the body back" before the trail goes cold. Authorities are now working […]
Hedge fund chief pessimistic about UK property
Financial Times- John Paulson, the US hedge fund manager who made a fortune for his investors by anticipating the debacle in subprime mortgages, said on Wednesday it was too early to look for bargains in the financial sector and predicted […]
Dutch fund jazzes up portfolio with music assets
AMSTERDAM (Reuters)- The world’s third-largest state pension fund, ABP, is looking to diversify its portfolio by stepping up its investments in media rights, adding to a portfolio that already includes Justin Timberlake and Beyonce. ABP’s fund manager, APG, may invest […]
Cayman Hedge Funds To Hold Repeat Fundraiser for Children
West Palm Beach (HedgeCo.net)- The fourth annual Hedge Funds Care Cayman (HFCC),“Open your heart to children benefit”, gala dinner is taking place this year in November at The Ritz-Carlton Grand Cayman. Last year, $254,000 was raised by HFCC for the […]
Bear Hedge Fund Managers Will Face Criminal Charges
New York (HedgeCo.Net) – The two managers behind Bear Stearns’ infamous failed hedge funds have surrendered to face charges, in what will be the first criminal lawsuit stemming from the subprime mortgage fallout. Ralph Cioffi, 52, and Matthew Tannin, 46, […]
Hedge fund chief warns of worse to come
Financial Times- A hedge fund manager who made some of the biggest profits from the global credit crisis said on Wednesday there was worse to come as evidence mounted that banks are struggling to regain their earnings power and properly […]
Barclays Capital, Dubai to Back Shariah-Compliant Hedge Funds
Bloomberg- BlackRock Inc., the largest publicly traded U.S. money manager, and Ospraie Management LLC, are among five companies that will start Shariah-compliant hedge funds based in Dubai. The funds will get $50 million each in so-called seed capital from the […]