Author Archives: the HedgeCo News Team
Hedge fund exec sues to get his bonus
The New York Post – A former hedge fund portfolio manager is suing his former employer claiming he was stiffed on his compensation at a time when he needed cash to care for his cancer-stricken son. Stephen Czech claims that […]
New Atos directors backed by hedge funds
Financial Times – Two hedge funds besieging Atos Origin, the French computer services group, will support new directors proposed by the board even as they continue to demand the exit of several existing supervisory board members. Bernard Oppetit, chairman of […]
Buffett to help finance Mars/Wrigley deal
West Palm Bdeach (HedgeCo.Net) – The world’s largest chocolate seller Mars Inc. is finalizing a deal to purchase gum giant Wrigley Jr. Co., for a price tag of about $23 billion. Warren Buffett will provide $4.4 billion of subordinated debt […]
Galleon Plans Asian Macro Hedge Fund as It Expands in Singapore
Bloomberg – Galleon Group, the $7.5 billion hedge-fun firm founded by Sri Lankan-born Raj Rajaratnam, plans to set up an Asian portfolio that will trade bonds, interest rates and currencies by betting on macroeconomic trends. The macro fund will start […]
Meriwether’s troubled hedge fund offers early exit
New York Post – Following months of steadily declining returns in his hedge fund, John Meriwether is offering some investors an early out. Investors of the JMW Global Macro fund, the smaller of the two funds managed by Meriwether’s JMW […]
SkyBridge Capital Makes Strategic Investment in Capital Returns Master
Forbes.com – SkyBridge Capital, LLC, which provides strategic capital to new and early-stage hedge funds, and Capital Returns Master, Ltd., a global long/short equity hedge fund focused on the insurance industry, today jointly announced that SkyBridge Capital has invested in […]
Former JPMorgan China fund manager raises $43 million
Reuters – Lu Jun, former chief investment officer of JPMorgan’s China fund venture, has raised 300 million yuan ($43 million) for his fund targeting the domestic stock market, which he believes has bottomed barring another spike in inflation. It is […]
British business people: The top 1,000: Private equity and hedge funds
Daily Telegraph- The Telegraph is spotlighting the 1,000 most powerful in British business. These top-ranked British-based business people will be drawn from a range of industries. We’ve divided British business into ten broad sectors. We are running a top 100 […]
A New Face Of Hedge Funds Isn’t Shy
Wall Street Journal- David Einhorn’s hedge fund isn’t the biggest. He doesn’t usually badger companies, nor does he broadcast his opinions about the market. Still, Mr. Einhorn is emerging as one of the most public faces of an industry accused […]
Did Hedge Funds Help Stabilize the Mortgage Market?
Conde Nast Portfolio- It’s easy to be awed by the sums of money made by John Paulson and the Goldman Sachs mortgage desk. But compared to the amount of money tied up in RMBS, the profits made by shorting mortgage-backed […]
Hedge fund nominates 3 for VAALCO board
Reuters- Hedge fund Nanes Delorme Partners submitted on Friday three nominees for the board of VAALCO Energy Inc, the oil and gas company it has urged to explore strategic alternatives. In a filing with the U.S. Securities and Exchange Commission, […]
Burgeoning hedge funds’ growth takes a clipping
Denver Post- Not long ago, hedge funds were so hot that conferences traveled the country showing investors how to start their own. With returns falling back to earth, the buzz has waned. Hedge funds, which generally cater to big institutional […]