Author Archives: the HedgeCo News Team
Paul Capital closes ninth secondaries fund on $1.65bn
AltAssets – Paul Capital has closed its ninth private equity secondaries fund, Paul Capital Partners IX, on $1.65bn, above its original hard cap of $1.5bn. Half of the investors in the fund comprise pension plans, with the remaining 50 per […]
Paulson predicts brighter future – opposes dems suggestions
West Palm Beach (HedgeCo.Net) – “The worst is likely to be behind us.” Those were the words that Treasury Secretary Henry Paulson used to describe the current state of the economy after emerging from one of the most damaging credit […]
Penso Capital launches Global Crisis Strategy to target opportunities in volatile markets
HedgeWeek – Alternative investment and advisory boutique Penso Capital Markets has launched its third asset management strategy, the Global Crisis Strategy, designed to capitalise on opportunities in the equity, fixed income, commodity and foreign exchange markets. Penso says its expertise […]
Kansas hedge fund files slander lawsuit
Fort Mill Times – A local hedge fund has responded with a lawsuit of its own after being sued more than a year ago by a group of California hedge funds. Jayhawk Capital Management and its principal owner, Kent C. […]
BlackRock in $15bn debt deal with UBS
Financial Times – BlackRock, the US asset manager, will pay UBS $15bn for a portfolio of subprime mortgage debt in a deal that the Swiss bank plans to announce today with its first-quarter results, people familiar with the transaction said. […]
Dubai International Capital promises Liverpool fans a place on Anfield board
Times Online – Dubai International Capital (DIC) would want to appoint a Liverpool supporter to the club’s board of directors if it won control at Anfield, The Times has learnt. DIC, the private equity investment arm of the Dubai Government, […]
Conditions ripe for hedge fund seed investors
Reuters – Investors able to provide seed capital for hedge funds are set to enjoy the most favorable conditions in years due to an abundance of talented start-ups and a lack of competing capital. At a time when volatile markets, […]
Charming Shoppes Inc. vs. the hedge funds – The battle continues
West Palm Beach (HedgeCo.Net) – Things are heating up in the battle between Charming Shoppes Inc. and the two hedge funds that are trying to elect their management to the company’s board. Only 2 days before the board is set […]
SEC Commissioner Atkins to step down when term ends
Financial News – The Securities and Exchange Commission, reduced to three Republican commissioners, is losing one of them. SEC Commissioner Paul Atkins announced yesterday that he intends to step down after his term ends in June and his successor takes […]
SEC freezes hedge fund assets, seeks injuctions
West Palm Beach (HedgeCo.Net) – A group of California hedge funds is being investigated by the Securities and Exchange Commission after suspicions of illegal practices. The “Premium Returns Funds,” which have been operating since May 2004, were supposedly using a […]
Pandit’s hedge fund to be restructured
Reuters- Citigroup Inc said it is looking at restructuring Old Lane, a hedge fund co-founded by Vikram Pandit, the bank’s chief executive. Nearly all investors unaffiliated with the fund have requested to redeem their money from the fund, Citi said […]
Paulson’s Hedge Funds Slide
New York Post – John Paulson, the hedge-fund titan who earned superstar status after earning billions by correctly predicting the collapse of the mortgage market, slipped slightly in April betting Wall Street firms such as Bear Stearns would collapse and […]