Author Archives: the HedgeCo News Team
Algo gone wild adds up to trouble for hedge funds
Globe and Mail – In the hedge fund world, James Dinan is a big wheel, earning an estimated $470-million (U.S.) last year as the head honcho at $14-billion York Capital Management. In the space of 60 seconds late Wednesday, Mr. […]
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 […]
Hedge Funds call bottom on Britain
Times Online- Hedge Funds are beginning to bet that shares in Britain’s biggest banks have hit rock bottom, in spite of mounting speculation about further multi-billion-pound rights issues and fresh concerns about the mortgage market. Traders have begun to scale […]
Mitsubishi to buy into U.S. hedge fund
Reuters – Mitsubishi Corp, Japan’s largest trading house, is to buy a stake in U.S. hedge fund manager Aladdin Capital Holdings LLC and set up a joint investment fund, the Nikkei financial daily said on Monday. Mitsubishi will pay $40 […]
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 […]
Citigroup throws in the towel on Old Lane hedge fund
West Palm Beach (HedgeCo.Net) – Only one year after Citigroup shelled out $800 million for Old Lane Partners, investors are looking for a way out of the troubled hedge fund. The fund’s founder, Citigroup’s CEO Vikram Pandit, is now forced […]
Funds: Running with the Bears
BusinessWeek – With the U.S. economy facing the likelihood of a recession, is it too late to jump on the bear-market bandwagon? David Tice, manager of the Prudent Bear Fund, doesn’t think so. "Unfortunately, long bull markets are typically followed […]
Investors sue Citi over muni bond hedge funds
NEW YORK (Reuters) – Investors in a troubled municipal bond hedge fund sued several units of Citigroup on Thursday, less than three months after the banking giant committed $1 billion to shore up several of its funds. The suit, filed […]
UK hedge fund slams J-Power’s plan to pay US$0.67 dividend
Tradingmarkets.com – The Children’s Investment Fund said Thursday that the proposal announced the previous day by Japan’s Electric Power Development Co. (TSE:9513), or J-Power, to distribute a dividend of 70 yen (US$0.67) per share is insufficient. The British hedge fund […]
Catterton closes $300m consumer sector-focused fund
Altassets – US consumer sector-focused private equity firm Catterton Partners has closed its Catterton Growth Partners fund on its hard cap of $300m. The fund will target control oriented investments in companies requiring between $10m and $30m of equity capital.Catterton […]
Hedge Fund Fees Shrink as U.S. Pensions Make Direct Investments
Bloomberg – U.S. hedge-fund investors are paring the roughly $80 billion they pay in annual fees by cutting out the middlemen. New York State’s $155 billion retirement system has shifted a portion of its $5.3 billion in hedge-fund assets away […]
Tuono Launches Alpha Energy Fund
The Tuono Corporation, a Naples Florida based commodity pool operator, recently launched the Alpha Energy Fund. This fund feeds into an institutional, proprietary energy trading firm which consists of a multi-faceted investment team. The trading staff, currently 8, has the combined […]