Author Archives: the HedgeCo News Team
Fidelity funds accumulate 5.2 pct of Israel Chem
Reuters – U.S. fund manager Fidelity has accumulated a 5.2 percent stake in Israel Chemicals, the maker of fertilisers and specialty chemicals said on Monday. ICL issued to the Tel Aviv Stock Exchange a copy of a letter it received […]
Multi-manager Focus Capital launches emerging markets hedge fund
Thomson Investment News – Focus Capital, the emerging markets multi-manager, on Monday opened investment to a hedge fund that invests in multiple emerging market asset classes. The Focus Capital Emerging World Fund seeks absolute returns from emerging markets irrespective of […]
Hedge fund GLG hits investors with exit fee
GLG Partners, the London hedge fund, has imposed a set of exit charges of as much as 5 per cent on any investor who wants to pull their assets out of Greg Coffey’s benchmark $4.5 billion emerging markets fund before […]
Rebounds by Hedge-Fund Stars Prove ‘It’s a Mulligan Industry’
Jeffrey Larson lost $1.5 billion for his hedge-fund investors in a few painful weeks last summer. He shuttered Sowood Capital Management LP in July, one of the more embarrassing meltdowns in recent memory. So what are the 50-year-old Mr. Larson’s […]
The Bank of New York Mellon Acquires LAMP Technologies LLC, a Fund of Hedge Funds Administrator
PRNewswire – The Bank of New York Mellon, a global leader in asset management and securities servicing, announced today that it has acquired the fund of hedge funds administrative services business of LAMP Technologies LLC, a Dallas-based alternative investment administrator. […]
Mirabaud forecasts increased foreign investment in gulf hedge funds
Albawaba.com – Gilles Rollet, Chief Executive Officer of Mirabaud (Middle East) Limited, forecasted increased foreign investment being made in regionally based structured products and funds in the near future. The outlook came as part of a speech made at this […]
Investors stand by 130/30 funds
Financial News – The credit crisis has taken its toll on the performance of 130/30 funds—which have 130% exposure to long positions and 30% to shorts—but so far investors appear to be giving them the benefit of the doubt. Most […]
KMUK launches its first Multi Strategy Equity fund
Kotak Mahindra (UK) Limited (KMUK), a 100 % subsidiary of India’s Kotak Mahindra Bank Limited announced the launch of the Kotak India Dynamic Fund whose objective is to generate an absolute return of 20% per annum irrespective of market direction […]
Bear Stearns says new suit seeks to block merger
Reuters – Bear Stearns Cos Inc disclosed on Thursday that some shareholders want a federal judge to block the troubled investment bank’s impending takeover by JPMorgan Chase & Co. According to a filing with the Securities and Exchange Commission, Cohen […]
Hedge fund SRM leads legal fight over Rock deal
The Independent – SRM, the hedge fund that was Northern Rock’s biggest shareholder, has joined forces with 150,000 small investors to mount a legal action against the Government over the nationalisation of the stricken bank. The Monaco-based fund and the […]
Lampert, Wood Reveal Failings of `Concentrated’ Hedge-Fund Bets
Bloomberg – When Jon Wood opened his Monaco-based hedge fund, the former UBS AG trader told investors he’d beat the market by buying stakes in no more than 40 companies — the same way he made $2.4 billion in six […]
Sprott Hedge Fund May Rise After Raising C$200 Million in IPO
Bloomberg – Sprott Inc. may rise after the mining and energy hedge fund run by investor Eric Sprott raised C$200 million ($197 million) in the biggest Canadian initial public offering in five months. The 20 million shares were sold at […]