Author Archives: the HedgeCo News Team
Brook Venture Fund II Leads $3.6M Investment in PointCare Technologies
Brook Venture Partners ("Brook") announces today that it has led a $3.6 million investment in PointCare Technologies, Inc. ("PointCare" or "the Company"), a medical diagnostics company helping treat patients in underserved and underprivileged areas of the world. The Company’s PointCare/NOW/ […]
AXA IM favours liquid hedge fund strategies
Reuters- Equity markets are set to make little progress during the rest of 2008, but more liquid hedge fund strategies such as global macro and managed futures are likely to perform well, according to AXA Investment Managers. March was a […]
Superstar ‘dude’ walks away from $263m
The Austrailan- SUPER-CONFIDENT Australian investment manager Greg Coffey has walked away from a lump sum of $US250 million ($263 million) in share options and other tied-up benefits by quitting his job at a London hedge fund to start his own […]
Ambitious targets galvanise fund industry
Isle of Man Today- TARGETS set by the Smith report are now more ambitious than when they were set, but Fund Managers’ Association chairman Anthony Long believes they are a ‘galvanising’ force for the industry. In March 2007 the Smith […]
Activist fund asks UK to impose sanctions on Japan
TOKYO (Reuters)- The Children’s Investment Fund (TCI) has asked Britain to impose sanctions on Japan, after the activist fund’s request to double its stake in Japanese electricity wholesaler J-Power was rebuffed, a spokesman for TCI said on Thursday. Last week […]
Hartford Scours Globe For New Buys
Yahoo News- Saul Pannell and Frank Catrickes’ hunt for investments has taken them to Brazil, China, India and South Africa. As a result, foreign stocks, including Companhia Vale do Rio Doce and Petroleo Brasileiro, account for a third of their […]
Emerging Makets to Showcase Islamic Finance Initiatives in IFSB Summit
West Palm Beach (HedgeCo.Net)- Malaysia, Singapore and Hong Kong are participating in the country showcases which will be held prior to the 5th Islamic Financial Services Board (IFSB) summit, on 12th May 2008 in Amman, Jordan. The country showcases are […]
Two London hedge fund managers sell stake to Goldman Sachs
Thomson Financial- Two of the City of London’s top hedge fund managers have sold a multi-million pound stake in their hedge fund to Goldman Sachs Inc., according to the Daily Telegraph. Goldman Sachs’ Petershill fund has bought 54,113 shares in […]
Funds offer Orient Exp shares to DLF & Tata group
Economic Times- A clutch of hedge funds with a combined one-third equity interest in the Bermuda-based Orient-Express Hotels (OEH) has approached prospective buyers, including the Tata group and real estate major DLF, to sell their stake in the marque hotel chain. […]
Missouri Attorney General Seeks To Halt Hedge Fund ‘Gambling On Grain’
West Palm Beach (Hedgeco.Net)- Missouri Attorney General Jay Nixon is urging the Commodity Futures Trading Commission (CFTC), the federal agency that regulates futures markets, to take action to protect consumers and farmers by reducing the influence of pension funds, hedge […]
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 […]
BlackRock misses $500 mln target for fund of hedge funds feeder vehicle
Forbes.com – 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 […]