Author Archives: the HedgeCo News Team
FACTBOX: Asia’s top 10 hedge fund firms
Reuters- The 2008 Reuters Hedge Fund and Private Equity Summit features interviews with leading industry executives and managers from April 7-9 in New York, London, Singapore and Hong Kong. Below is a list of Asia’s 10 largest hedge fund managers […]
Ocean venture brings hedge fund option to New Zealand shores
New Zealand Herald- A Christchurch investment bank has signed a deal with a London-based wealth management business to offer New Zealanders more opportunities to access investment products in Europe and the US – including hedge funds. Ocean Partners, set up […]
Hedge fund manager saw subprime meltdown
San Jose Mercury News- The last time we wrote about Michael Burry, he was a Santa Teresa High School student preparing for the 1988 Academic Decathlon. The nervous kid who was trying to speed-memorize the names of the presidents has […]
Stock hedge funds sitting on their cash
Boston Globe- Stock hedge funds sat on a record amount of cash as the industry posted its biggest quarterly decline in almost six years. Equity managers, who oversee about one-third of the $1.9 trillion in hedge funds, held an estimated $90 […]
Chadda Launches Alternative Investment Division In London
West Palm Beach (HedgeCo.net)- European hedge fund advisor Carne Global Financial Services Group has announced the launch of alternative investment and wealth management technology and operational consultancy divisions in London. Chief executive John Donohoe said, "The entire fund management industry […]
U.S. SEC sues UK hedge fund Pentagon over trades
Reuters – U.S. securities regulators sued a London-based hedge fund and its chief executive on Thursday, alleging they schemed to defraud mutual funds and shareholders in the United States. The U.S. Securities and Exchange Commission said Pentagon Capital Management, which […]
Blue Horizon Asset Management Launches Global Equity Fund
Blue Horizon Asset Management has announced the launching of its new fund, the Blue Horizon Global Equity Fund, LP. The fund employs a long/short equity strategy with a focus on investing in international equity markets. This includes companies that are […]
Hedge Fund Appaloosa Backs out of $2.55 Billion Commitment
West Palm Beach (HedgeCo.Net) – Hedge fund Appaloosa Management has backed out of their $2.55 billion commitment to bankrupt auto-parts maker Delphi. The announcement which came via the SEC on Friday was a blow to parent company GM, and a […]
SEC sues UK hedge fund over mutual fund trades
Reuters – U.S. securities regulators sued a London-based hedge fund and its chief executive on Thursday, alleging they schemed to defraud mutual funds and shareholders in the United States. The U.S. Securities and Exchange Commission said Pentagon Capital Management Plc, […]
SEC hunts illegal trades in Bear case
Financial Times – US securities regulators are trying to determine whether illegal trading and rumour mongering took place in the days leading up to the emergency sale of Bear Stearns to JP-Morgan Chase, the chairman of the Securities and Exchange […]
Bernanke Defends Fed’s Decision to Rescue Bear
West Palm Beach (HedgeCo.Net) – “Who let our financial system become so fragile that one failure jeopardizes the health of the entire system?” That was the question that republican Senator Jim Bunning asked at a hearing yesterday to determine whether […]
NorthPoint Trading Hires Ex-BofA Prime Brokerage Exec.
April 4, 2008 – Atlanta, GA – Keith Milko has joined NorthPoint Trading Partners LLC, a premier Prime Brokerage and fund services company, as Director of Client Services. Milko spent the last 8 years as a Vice President at Bank […]