Author Archives: the HedgeCo News Team
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 […]
Hedge funds lose out to stocks, bonds in March-MSCI
Reuters – Hedge funds had a rough time in March, taking losses in most strategies and underperforming global stocks and bonds as a whole, data from MSCI showed on Thursday. The index provider said its MSCI Hedge Invest Index fell […]
Hedge Funds Boost Loans to Small Companies in Asia
Bloomberg- An increasing number of hedge fund managers in Asia are making loans to small companies as they search for more stable returns, according to the chairman of Singapore’s hedge fund lobby. As many as 25 percent of funds managing […]
Russell closes two fund of funds
FT Alphaville- Russell Investments is closing down two of its three main hedge fund of funds after assets under management in the division dropped precipitously to less than $2bn – a third of the level of only six months ago. […]
Man Group buys 50 percent of fund manager Ore Hill
Reuters- Man Group, the world’s largest listed hedge fund company, will buy 50 percent of U.S. credit specialist fund manager Ore Hill, seizing on what it said was "significant opportunity" presented by the credit crisis. Man said on Monday it […]
Hedge funds find new openings in low-leverage world
Guardian- Exploiting opportunities created by wild market movements, rather than loading up on leverage, will be the key to hedge fund returns this year. While prime brokers tighten credit lines as the credit crisis unfolds, hedge funds see excellent opportunities […]
Yellow Pages fights hedge fund factor with buyback
Globe and Mail- Lots of executives complain that hedge fund trading weighs heavy on their stock. Yellow Pages Income Fund is actually doing something about the problem. Yellow Pages announced Friday that it will spend up to $300-million buying back […]
Hedge Fund Panel to Discuss Future of Advertising
West Palm Beach (HedgeCo.net)- A high-level panel of hedge fund experts are planing a forum to discuss and debate the state of hedge fund advertising and marketing in the alternative investment management community. Panel-participant Phil Goldstein, the plaintiff who single-handedly […]
Canadian Hedge Fund Manager Faces Charges of Market Manipulation
West Palm Beach (HedgeCo.Net) – A Canadian hedge fund manager has been charged with market manipulation after partaking in shady trading practices. Darren Delage was reportedly trying to boost the price of Environmental Applied Research Technology House Earth Corp. while […]
Hedge funds find new openings in low-leverage world
Reuters – Exploiting opportunities created by wild market movements, rather than loading up on leverage, will be the key to hedge fund returns this year. While prime brokers tighten credit lines as the credit crisis unfolds, hedge funds see excellent […]
Goldman flagship fund buys stake
Financial Times – A fund run by Goldman Sachs became the third in as many days to buy a stake in a hedge fund manager, taking a minority holding in New York’s Claren Road Asset Management. Claren Road, which manages […]
Och-Ziff hedge funds down in 2008
West Palm Beach (HedgeCo.Net) – Och-Ziff Capital Management reported that all four of its funds experienced losses in the first quarter, in a filing with the SEC not normally seen by hedge funds. The OZ Master Fund, which manages more […]