Author Archives: the HedgeCo News Team
Macquarie Capital buys hedge fund Craton Capital
Reuters – Australia’s Macquarie Capital has acquired European-based boutique commodities hedge fund Craton Capital, sources close to the deal said. No details about the price Macquarie paid were forthcoming, but a source at the bank said: "The four members of […]
Pardus $2 Billion Hedge Fund Freezes Redemptions
West Palm Beach (HedgeCo.Net) – Pardus Capital Management has halted redemptions from their activist hedge fund, locking up over $2 billion of investors capital. Hoping to reduce any anxiety associated with selling the shares prematurely, the move was made in […]
Paulson proposes tighter regulation, increased power of SEC
West Palm Beach (HedgeCo.Net) – On Monday, the Bush Administration outlined what could be the biggest restructuring of financial regulation since the Great Depression. The 218 page “Blueprint for Regulatory Reform” presented by Treasury Secretary Henry Paulson comes amidst the […]
Private Eye Launches Hedge Fund
Hedge Fund Review – Satirical magazine Private Eye has launched the Curse of Lord Gnome Fund. The fund launches with £200m, targeting annualised returns of 20% with volatility between 8% and 10%. The fund will follow four key strategies: aggressive […]
Paulson’s Plan Puts Hedge Funds Under Watch
FOX Business- Hedge funds, often described as ‘secretive’, with their pools of cash invested in everything from soybeans to mortgages — may soon find themselves under the watchful eye of the Securities and Exchange Commission. Currently, the Commodities and Futures […]
Lack of takeovers pinches arb hedge funds
Globe and Mail- Hedge funds that make money by speculating on the success of takeovers may be the next round of casualties in the industry, not because of bad bets but because of a lack of anything to bet on. Bloomberg News is […]
Man Group buys 50 percent of fund manager Ore Hill
LONDON- 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 […]
Hedge fund manager faces cocaine charge
ReportonBusiness.com- Hedge fund manager Matthew MacIsaac was near the end of a pre-St. Patrick’s Day party blitz when he allegedly bought cocaine for a woman at a Toronto after-hours club. Unfortunately for the 32-year-old executive at MM Asset Management Inc., […]
Hedge fund legends hit by financial crisis
Telegraph.co.uk- Even for the affluent residents of London’s Holland Park, the arrival in the area last year of Gerard Griffin, head of Tisbury Capital, was big news. Curtains twitched as a multi-million-pound refurbishment of his house began. Rather than buy […]
Asia hedge firms see distressed asset opportunity
Reuters – Hedge funds betting on the debt of troubled companies look set to feast after years of lean pickings in Asia Pacific as the global credit crunch tosses up a banquet of opportunities, industry players said on Monday. Macro […]
Hedge fund drinks to pubs combination
Telegraph.co.uk – Marshall Wace, one of the City’s biggest hedge funds, is to continue pressing for a combination of the managed pubs businesses of Punch Taverns and Mitchells & Butlers despite last week’s withdrawal of a proposal to merge the […]
HSBC’s Vega Fund to buy Sing Lun
West Palm Beach (HedgeCo.Net) – Vega Co. Ltd has offered to buy Singapore based apparel manufacturer Sing Lun Holdings Ltd for $87 million. Vega Co, which is a wholly-owned subsidiary of The HSBC Private Equity Fund 6, is seeking to […]