Author Archives: the HedgeCo News Team
Hedge Funds vs. Charities
Desicritics.org- Let us compare them with a charity, ok? A charity generally spends about 13-14% on management and administration fees. In other words, out of £100 that it gets in contributions and grants, on an average, it manages to spend […]
1000 hedge funds may sink in turmoil
Australian IT- Up to 1000 hedge funds around the world could collapse as the industry consolidates, casualties of the rush of long-short equity funds that entered the market during the global bull run. HSBC’s global head of hedge funds, Patrick […]
Merrill Lynch and SocGen launch emissions indexes
LONDON (Reuters)- U.S. investment bank Merrill Lynch and France’s Societe Generale both launched global carbon indexes on Wednesday to track the international carbon markets, which were worth some $60 billion (30 billion pounds) last year. The indexes will allow investors […]
UAE and Qatar to set up acquisition fund
DUBAI (Reuters)- Abu Dhabi government-owned IPIC and Qatar Investment Authority (QIA) will establish a $2 billion (1 billion pound) fund for global acquisitions, the managing director of IPIC said on Tuesday. "We plan to invest in all sectors, including oil […]
Hedge fund link to prostitution
The Age- New York woman, whose lawyer said she has worked at hedge funds, has been charged with operating a $US2-million-a-year prostitution business. Kristin Davis, 32, was accused of money laundering and promoting prostitution through a ”high-end prostitution ring” that charged […]
Founder of fallen hedge fund John Meriwether back in trouble
Times Online- John Meriwether, the man behind one of the world’s largest hedge fund collapses in the late Nineties, is struggling to keep investors from bailing out on his latest venture. Mr Meriwether is best known as a founder of […]
Indian Market For Data Growing, With Hedge Fund Company In The Lead
West Palm Beach (HedgeCo.Net)- New York Top 5 hedge fund Och-Ziff’s firm Ctrl S. Data Centers, said it is planning to invest $250 million to open four data centres in the country in next 2-3 years. "We are planning to […]
Citigroup Pays $1.66 Billion to Settle Enron Claims
West Palm Beach (HedgeCo.Net) – Long after the collapse of Enron in 2001, Citgroup has agreed to pay $1.66 billion to creditors of the Houston based company. The settlement, which was reached right before the case was set to go […]
Cameron ally’s hedge fund closes after SEC complaint
This is Money- Pentagon Capital Management, a hedge fund run by Lewis Chester, a Tory donor and friend of David Cameron, today became the latest to fall victim to the credit crunch. Chester decided to close the fund, which has […]
Value Partners, Hedge Fund Manager Says 2007 Profit Surges 66%
Bloomberg- Value Partners Group Ltd., Asia’s second-largest hedge fund manager, said 2007 profit surged 66 percent on growing assets. Profit reached HK$1.42 billion ($183 million) from HK$856.3 million a year earlier, the Hong Kong-based company said in a filing to […]
Hedge Fund Activsts Push Aerojet on 2,300 Acre Deal
West Palm Beach (HedgeCo.Net)- Feeling the pressure from hedge fund shareholder Steel Partners, GenCorp Inc. announced an agreement with the state Department of Toxic Substances Control, saying it had obtained environmental clearance on 2,300 acres earmarked for a massive real […]
Who’s Banking on Bear?
West Palm Beach (HedgeCo.Net) – While investors may have gotten the short end of the stick, there is one group of people banking from the Bear Stearns takeover. Ebay sellers are enjoying skyrocketing prices on otherwise normal trinkets bearing the […]