Author Archives: the HedgeCo News Team
Kaupthing accuses hedge funds of ‘smears’
This is Money- Leading Icelandic bank Kaupthing has taken the extraordinary step of accusing four London hedge funds of illegally trying to drive it towards bankruptcy for their own profit. In what looks likely to lead to a massive legal […]
Hedge Fund Manager Misses The Cut At The Masters
FINalternatives- Hedge fund manager Trip Kuehne is retiring—from his second job as an amateur golfer. After qualifying for this years’ Masters golf tournament, Kuehne, of the appropriately named Irving, Texas-based Double Eagle Capital Management, said he hoped to make the […]
Hedge fund boss plugs into new venture
Independent- Pierre Lagrange, co-founder of the hedge fund group GLG, has taken a personal stake in Power Amp, a portfolio of British musicians run by industry guru Jazz Summers and Tom Bywater, a former Citigroup banker. Mr Lagrange, a 44-year-old […]
Londons status as global powerhouse strong
Reuters- The position as a leading global city and finance hub is London’s to lose despite private equity business increasingly moving to Asia from Europe, speakers said at the Reuters Hedge Funds and Private Equity Summit in London. They added, […]
M&B admits private equity firms may buy stake
Times Online- Mitchells & Butlers (M&B), the owner of the All Bar One and Harvester chains, admitted today several private equity firms had expressed interest in company and confirmed it has approached rival Punch Taverns about buying its £1.1 billion […]
Lehman liquidates three floundering funds
Reuters- Lehman Brothers has liquidated three floundering investment funds that lost value and ended up taking $1 billion (500 million pounds) of assets from the funds onto its balance sheet, according to a filing with the U.S. Securities and Exchange […]
Brokerages stampede to India to launch funds
MUMBAI (Reuters)- International and domestic financial firms are queueing up to launch mutual funds in India, lured by attractive fees and rising valuations in Asia’s third-biggest economy, and to counter the impact of a sharp fall in broking fees. At […]
The World’s Ultra-Rich List
West Palm Beach (HedgeCo.Net)- The Family Office Organisation has just released the 3rd Edition of "The 3300 Global Family Office Database 2008", with 1800 entries from the USA and 1240 from Europe. The world’s ultra-rich families have established these ‘Family […]
Judge Dismisses Involuntary Bankrupt Suit against Hedge Fund
West Palm Beach (HedgeCo.Net) – In an “expected, but gratifying victory,” the involuntary bankruptcy suit against Ritchie Capital and its Multi-Strategy Fund has been dropped. Judge Susan Sonderby dismissed the case at a Chicago hearing on Friday, four months after […]
Lehman Bails Out Hedge Funds
Forbes- Lehman Brothers is taking some of the $4 billion of capital it just raised and cleaning up a mess. It took a bunch of impaired assets out of some hedge funds it runs, closing three of them and returning […]
UK Hedge Fund Faces SEC Lawsuit
West Palm Beach (HedgeCo.Net)- UK hedge fund Headstart Advisers Ltd. is facing a SEC suit alleging the hedge fund earned $198m in profits by manipulating U.S. mutual funds through late-trading and deceptive market-timing practices from 1998 through to 2003. The […]
Former Sowood Head to Launch New Hedge Fund
West Palm Beach (HedgeCo.Net) – Jeff Larson, former head of the collapsed Boston based Sowood Capital Management, is in talks to launch another hedge fund. Sowood closed up shop last July after losing $1.6 billion of investors money, in what […]