Author Archives: the HedgeCo News Team

HedgeFund.Net – As a onetime mayor, Lee Skierkiewicz parlayed his standing in the community—a Cincinnati suburb named Loveland—into his next venture, a hedge fund named Prima that Skierkiewicz set up with the intention, he claimed, of making money for the […]

HedgeWeek – New York-based SkyBridge Capital, which provides strategic capital to new and early-stage hedge funds, and Australia’s Challenger Financial Services Group have announced a long-term strategic relationship to launch the first global institutional hedge fund seeding and alternative investment […]

Blackenterprise.com – Resurgent long/short equity hedge funds helped the Credit Suisse/Tremont Hedge Fund Index to a 0.57% return for April, though drawdowns from earlier months continued to weigh on the index, which remained at negative 1.45% for the year. "Despite […]

Reuters – JPMorgan Chase expects to liquidate or spin off much of the asset management arm of Bear Stearns after it takes over Bear next month, people familiar with the situation said Thursday. Bear Stearns Asset Management (BSAM), which during […]

ReportonBusiness.com – Money managers around this country will have enjoyed a moment of catty glee yesterday when Sprott Inc. shares traded down slightly off its initial public offering. Investment types are even more envious than the rest of us when […]

West Palm Beach (HedgeCo.Net ) – Merger arbitrage guru John Paulson and his $30 billion hedge fund are supporting a dissident board slate that was brought forth on Thursday by investor Carl Icahn, though he’s hoping it won’t resort to […]

Boston.com – The city’s Retirement Board is monitoring a lawsuit filed against an Asian hedge fund that went under, hoping it can recoup some of its own money invested in the fund. The Brockton Contributory Retirement System three years ago […]

CNNMoney.com – Vaalco Energy Inc. is suing its largest shareholder, alleging it and another company violated securities laws in a bid to gain seats on the independent oil producer’s board. The lawsuit, filed Tuesday in the U.S. District Court for […]

Reuters – Investors continued to pour money into emerging markets private equity between January and April, raising $25 billion (13 billion pounds) and on course to top last year’s total despite a downturn in developed markets, a report revealed. The […]

HedgeWeek – The Millennium Multi-Strategy Fund, a fund of hedge funds managed by London-based alternative investment manager and currency overlay specialist Millennium Global Investments, is keeping in positive territory for 2008 as the fund marks its third anniversary. Following a […]

New York Post – Jamie Dimon’s been able to find Wall Street jobs for about half the payroll being axed when his JPMorgan Chase takes over crippled Bear Stearns next month. Dimon gave a progress report yesterday on his acquisition […]

FT Advisor – Hedge funds can play an important role in helping markets to function properly again during times of financial turbulence, according to BH Macro. Speaking at a recent roundtable on hedge funds and the credit crunch, Ian Plenderleith, […]