Author Archives: the HedgeCo News Team
Goldman Trader Birnbaum to Form Hedge Fund After Subprime Gains
Bloomberg – Josh Birnbaum, one of the traders who led Goldman Sachs Group Inc.’s push into bets against subprime-mortgage bonds, has left the world’s biggest securities firm and plans to form a $1 billion hedge fund. Birnbaum, 35, confirmed his […]
Global hedge fund assets hit $2.65 trillion
Reuters – Global hedge fund industry assets rose to $2.65 trillion (1.34 trillion pounds) at the start of 2008, data group HedgeFund Intelligence said on Wednesday, but growth slowed in the second half of 2007 as the credit crisis began […]
Offshore hedge funds look for tax benefit
Reuters – Offshore hedge funds, looking to benefit from possibly buying delinquent loans and subsequently selling them at a profit, are seeking tax exemption on such gains, the Wall Street Journal reported on Wednesday. Earlier in April, tax advisers for […]
Hedge funds eye student loan market
Politico – Outside the Senate Banking Committee room Tuesday morning, the financial services lobbyists began lining up early for a hearing on an issue that rarely lures them out of their posh K Street offices: student loans. But now, some […]
Och-Ziff hedge fund hit by fraud in Japan
U.S. hedge fund operator Och-Ziff Capital Management Group has lost about $77 million in an apparent fraud that has already fleeced millions of dollars from Japanese and foreign investors, including investment bank Lehman Brothers Inc., a person familiar with the […]
US hedge fund oversight needs teeth, say critics
Reuters- Critics blasted a Treasury Department call for the $1.8 trillion hedge fund industry to better police itself, saying voluntary guidelines did little to protect investors and regulate the pools of capital. Instead, the guidelines should be mandatory and federal […]
NYC hedge fund profits show tax system flaw -study
Reuters- New York City hedge funds earned $20 billion to $39 billion last year, far outstripping the profits of Wall Street banks and demonstrating how outdated the city’s tax system risks becoming, a new study said on Tuesday. The Fiscal […]
Hedge funds and private equity face talent shake up
More and more top hedge fund and private equity managers are set to move to new firms as the credit crisis bites, speakers at this week’s Reuters Hedge Fund & Private Equity Summit in London said. Life has become tougher […]
Paulson’s $3.7 Billion Pay Tops Hedge Fund Managers, Alpha Says
Bloomberg- John Paulson, founder of New York- based Paulson & Co., was paid an estimated $3.7 billion last year, the most in the hedge fund industry, according to Institutional Investor’s Alpha Magazine. Paulson, 52, surpassed George Soros and last year’s […]
UK Hedge Fund TCI Calls J-Power Rejection `Sad Day for Japan’
Bloomberg- The Children’s Investment Fund Management Ltd. called government rejection of efficient market practice “the real national security threat” after its bid to buy more shares in a Japanese power company was turned down. “It’s a sad day for Japan. […]
Hedge Fund Managers Putting Money on Obama
Pensions & Investments – Money managers — most of them alternatives managers — are betting that Sen. Barack Obama, D-Ill., will be the next president of the United States. Or at least they are hedging their bets in case he prevails. […]
HRJ Capital closes special opportunities funds of funds with USD195m in commitments
Private Equity Wire – Alternative fund of funds manager HRJ Capital has announced the final closing of HRJ Special Opportunities Fund I, a fund of private equity funds, with USD195m of commitments from a diverse group of investors. Limited partners […]