Author Archives: the HedgeCo News Team
Egypt’s Naeem Said to Start $19 Million Pre-IPO Fund
Black Enterprise- Naeem Holding, Egypt’s second-largest investment bank by market value, will start a 100 million Egyptian pound ($19 million) fund to buy stakes in firms planning public listings, its chief executive said on Wednesday [June 18]. The fund would […]
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 […]
Hedge Fund Eyes Trimming Hardee
New York Post- New York hedge fund Ramius took a bite out of CKE Restaurants Inc. – the owner of burger joints Hardee’s and Carl’s Jr. – with a scathing letter sent to CEO Andrew Puzder. Blasting him for the […]
New rules to make risky funds more transparent
Toronto Star- In one of Canada’s biggest investment scandals, regulators pulled the plug on Portus Alternative Asset Management Inc. in early 2005. The now-bankrupt Toronto company was selling risky hedge funds to ordinary investors, using a complex structure that avoided […]
US man faces longer jail term for hedge fund fraud in Hong Kong
MSN UK News- The Hong Kong media says a 63-year-old U.S. citizen has received a longer jail term for masterminding a HK$363 million, or US$46.49 million or euro30 million, hedge fund fraud. The South China Morning Post reported Wednesday that […]
Hedge Fund Claim Made Sense, Ex-Bear Executive Says
Bloomberg – Bear Stearns Cos. didn’t investigate the financial health of a hedge-fund client that later collapsed because its claim of an annual 20 percent return on investment “made perfect sense,” a former executive at the firm said. Bear Stearns […]
TRS Official May Leave For Fund Of Hedge Funds
FINalternatives- An Illinois pension fund official caught up in the trial of a prominent supporter of Sen. Barack Obama (D-Ill.) may be joining a new hedge fund. Jon Bauman, executive director of the $38.7 billion Teachers’ Retirement System of Illinois, […]
Montana To Explore Hedge Funds Via RFP
FINalternatives- The $12.3 billion Montana Board of Investments is issuing a request for proposals for fund of hedge funds managers. Sort of. The system’s executive director, Carroll South, and chief investment officer, Clifford Sheets, both recommend that the board authorize […]
Hedge star Paulson says credit crisis not over
Reuters- The credit crisis is not over, and losses in the financial sector are set to be around $1.3 trillion, according to star hedge fund manager John Paulson, who says he remains short credit. In its twice-yearly report in April, […]
Diamond Fund To Launch In London
West Palm Beach (HedgeCo.Net)- The first publicly listed fund investing in rare white and coloured diamonds, the ‘diamond fund’ is to be launched on the London Stock Exchange, according to news sources. Diamond Circle Capital PLC hopes to raise $400 […]
Goldman Sachs Hedge-Fund Vehicle Raises $221 Million In Share Sale
CNN Money- A listed fund of hedge funds operated by Goldman Sachs Group Inc. (GS) has lifted its assets by about 25% by raising an additional $ 221.3 million on the London Stock Exchange on Tuesday. Goldman Sachs Dynamic Opportunities Ltd. (GSDO.LN), […]