Author Archives: the HedgeCo News Team
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 […]
Hedge funds take extra risk to reach fee targets
Financial Times – Hedge fund managers in danger of missing out on lucrative performance fees routinely raise their exposure to risk in a gamble to meet their performance targets, according to new research. The study* raises questions as to whether […]
Media-shy hedge fund star Coffey set for own firm
Reuters – Greg Coffey, one of the hedge fund industry’s top performers with a pay packet to match, looks set to start his own hedge fund firm when he leaves GLG Partners in October. Coffey, who finally resigned last week […]
BlackRock misses $500 mln target for fund of hedge funds feeder
Thomson IM- BlackRock Inc. said on Thursday that it raised $275 million from the London listing of a fund of hedge funds feeder, short of the $500 million target it set in March. BlackRock Absolute Return Strategies Ltd (BARS) is a closed-ended […]
Once-lush hedge funds now withering
Marketplace- Several multibillion-dollar hedge funds have disappeared in the past couple of weeks, without benefit of a bailout from the Federal Reserve or JPMorgan. Analysts say dozens more could be looking at the same fate. Bear Stearns is probably the […]
Gabelli Funds pays $16m to SEC
FT Alphaville- Gabelli Funds, an investment adviser to mutual funds, on Thursday agreed to pay $16m to settle SEC charges involving a market-timing arrangement with a UK-based hedge fund. The agreement with Gabelli, which neither admitted nor denied the agency’s […]
British hedge fund asks Japan to reconsider offer
Forbes- A British hedge fund asked the Japanese government to reconsider its rejection of the fund’s plans to raise its stake in major utility J-Power. The Children’s Investment Master Fund said Friday the decision process lacked transparency and included incorrect […]
Heidrick & Struggles Increases Strength in Hedge Fund Sector
Forbes- Heidrick & Struggles International, Inc. the world’s premier executive search and leadership consulting firm, today announced the addition of the executives of Schwab Enterprise, a boutique firm specializing in executive placement for the hedge fund industry, to the company’s […]
SEC charges trader with ADS stock manipulation
San Antonio Business Journal- The Securities and Exchange Commission filed securities fraud and market manipulation charges against a Wall Street trader who profited from spreading false rumors about The Blackstone Group’s proposed acquisition of Alliance Data System Corp. The SEC […]
Assetz launches foreclosed homes fund
Reuters- Investment firm Assetz said on Tuesday it wanted to raise 20 million pounds for a fund specialising in foreclosed British homes, even though it was still bullish about the outlook for house prices. Assetz Chief Executive Stuart Law said […]
Man Launches Futures and Emerging Markets Fund
West Palm Beach (HedgeCo.net)- Hedge fund Man Investments has launched Man Vision Ltd., with structured notes investing equally in AHL, Man’s flagship managed futures fund, and RMF Investment Management, the hedge fund operator’s Swiss-based fund of hedge funds business targeting emerging markets […]
Hedge Fund Chief Elected to Hedge Fund Association Board of Directors
West Palm Beach (HedgeCo.net)- Jay B. Howard, Portfolio Manager & Chief Investment Officer of hedge fund Leonard Asset Management (LAM), has been elected to serve on the 2008 Board of Directors for the Hedge Fund Association (HFA). HFA is an […]