Author Archives: the HedgeCo News Team
Regulators: ‘Fund Manager’ Was a Fraud
Business Week – It’s official: Robert J. Sucarato wasn’t much of a hedge fund manager after all, regulators say. In a civil lawsuit, regulators charge Sucarato lost much of the money he solicited from investors, and he raised that money […]
Basis hedge fund denied liquidation in Caymans
West Palm Beach (HedgeCo.Net) – Basis Capital Funds Management will not have the luxury of liquidating its failed fund in the Cayman Islands. The Australian based company, whose Basis Yield Alpha fund was domiciled in the Caymans, originally sought U.S. […]
HFR Hedge Fund Index Rebounds in April After Decline in March
Bloomberg – Hedge fund returns rebounded in April after starting the year with the worst performance in nearly two decades, according to early results from Hedge Fund Research Inc. Overall hedge fund returns increased 1.5 percent for the month ended […]
Och-Ziff reports quarterly net loss on IPO costs
Market Watch – Och-Ziff reported a first-quarter loss of $268.1 million versus a profit of $85.2 million, a year earlier, due to $425.6 million of expenses related to the company’s IPO in November. The New York-based hedge fund firm posted […]
Drake to shut down largest hedge fund
West Palm Beach (HedgeCo.Net) – After a much publicized debate on their troubled hedge funds, Drake Management will shut down their $2.5 billion Global Opportunities Fund, according to a letter to investors. Drake had suspended redemptions in December, after the […]
HedgeCo Networks LLC Secures Major Outside Investment from Inter-Atlantic Group
New York, NY (PRWEB) April 30, 2008 — HedgeCo Networks LLC has received its first major outside investment from Inter-Atlantic Group, a private equity firm specializing in the financial services sector. The capital will be used by HedgeCo to expand […]
Know limitations of hedge, private equity funds
The Olympian- Both hedge funds and private equity funds are pooled investment vehicles designed to serve high- net-worth and institutional investors. Hedge funds, which may be concentrated portfolios of both private and public securities, can invest borrowed assets. They may […]
Hedge funds to allow more redemptions
FierceFinance- The likelihood that hedge funds would clamp down on redemptions went way in the past year; I can’t think of a better way to piss off your customers. Of course in some cases, hedge fund managers have no choice. […]
Hedge Fund Women
Forbes- "I love risk," says Renee Haugerud. Those aren’t idle words. The 52-year-old launched her own commodity-based global macro fund a decade ago with only $5 million in assets and transformed it into a $1.3 billion heavyweight with outsized returns. […]
Job cuts at Meriwether hedge fund
Times Online- Troubled hedge fund JWM Partners, founded by John Meriwether has made more than 10 people redundant. Several staff have gone from its London office, which employs 17 people, and up to ten at its New York base. Two […]
Inside Citi, a Hedge-Fund Push Blows Up
Wall Street Journal- When Citigroup Inc. was launching a pair of hedge funds last year, it didn’t have to look far for investors. Brokers at the firm’s Smith Barney unit drummed up hundreds of millions of dollars from retail clients, […]
Och-Ziff founder earns $484.8m after flotation
The Telegraph – Hedge fund manager Daniel Och took home $484.8m (£242.4m) last year, largely as a result of the successful flotation of Och-Ziff Capital Management Group. The amount earned highlights the continued success of Mr Och, a former Goldman […]