Author Archives: the HedgeCo News Team
Baring Private Equity Asia closes fourth fund on $1.5bn
AltAssets – Baring Private Equity Asia has closed its fourth fund, Baring Asia Private Equity Fund IV, on $1.515bn, exceeding its original target of $1bn. Fund IV will continue the firm’s strategy of investing in businesses in Asia with enterprise […]
Over $200 bln to flow into hedge funds in ’08
Reuters – Investors may pile more than $200 billion into hedge funds this year, with strategies focused on Asia excluding Japan in greater demand despite concerns about the global economy and waning risk appetite, Deutsche Bank said. The bank’s annual […]
Dimon rescues 50% of Bear staff
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 […]
Hedge funds can play ‘hero’ role in market restoration
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, […]
Hedge firm Absolute Capital to demerge Argo unit
Reuters – Absolute Capital Management plans to demerge its emerging market credit fund business Argo Capital to disassociate it from the European hedge fund firm’s recent problems, Absolute said on Wednesday. Absolute Capital said it would apply for Argo’s shares […]
Is Harvard Just a Tax-Free Hedge Fund?
National Review Online – According to the Wall Street Journal, Massachusetts legislators are studying a plan to levy a 2.5-percent annual tax on the portion of college endowments that exceed $1 billion. The high-wage union workforce with lifetime employment contracts […]
Former hedge fund manager settles with U.S. SEC
Reuters – A former hedge fund manager, who pleaded guilty to criminal insider trading charges stemming from Citizens Financial Group Inc’s $10.5 billion acquisition of Charter One Financial Inc has settled his civil case with the U.S. Securities and Exchange […]
Japan Gives TCI Final Order to Drop J-Power Bid
Bloomberg – Japan issued a final order to Children’s Investment Fund Management (UK) LLP to drop a bid to double its stake in J-Power, rejecting a last-ditch appeal from the U.K. hedge fund. Japan’s central bank today handed a letter […]
Manna from hedge fund for Christian site
The Guardian – A new website run from Plano, Texas, has proved that the Old Testament promise of manna from Heaven has relevance in the digital age. GodTube, an evangelical twist on YouTube, its secular video-sharing equivalent, has generated so […]
Activist Hedge Fund Braces For Rematch With Seligman
CNNMoney.com – J. & W. Seligman & Co. began courting possible suitors earlier this year, but any deals that emerge from the talks will face hurdles imposed by at least one activist hedge fund. The firm, which manages roughly $20 […]
JPMorgan may face SEC civil charges
JPMorgan Chase & Co said on Monday that it received a notice from federal regulators indicating that one of its units may face an enforcement action related to "the bidding of various financial instruments associated with municipal securities." Last month, […]
Regulation costs ‘to double by 2010’
The Telegraph – The cost of regulation affecting the world’s biggest financial firms is likely to almost double by 2010 and was soaring even before the credit crisis, new research indicates. Regulation and compliance expenditure by the world’s leading 100 […]