Author Archives: the HedgeCo News Team
Hedge funds could shift focus to equities
Moneycontrol.com- Even as FII flows have improved, there have been individual instances of some large midcap sell offs. Tracking individual stocks down, raising apprehensions that some of these hedge funds might still be facing some redemption pressures, Ankur Samtaney of Eurekahedge said that […]
Grain dealers blame hedge funds for risking wheat industry
Trading Markets- "What is the true price of wheat?" asked Tippens, president and chief executive officer of Canadian State Bank. "I don’t think anybody knows." Certainly, it’s not $10.68, Tippens said. Or it wouldn’t be at that level without billions […]
Hedge funds spot ‘unbelievable’ chance
FT.com- Hedge funds and institutional investors are starting to launch distressed mortgage funds to take advantage of an "unbelievable" buying opportunity, but they say they are running into resistance from risk-averse prime brokers. Steve Persky, a principal at Dalton Investments, […]
Hedge Funds; Why not Jamrock?
Jamaica Observer- A couple of quick key realities and a few key assumptions: (1) 80 per cent of the world’s hedge funds are registered in the Cayman Islands – Grand Cayman is a 40 minute plane ride from Jamaica: (2) […]
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 […]
HedgeCo.Net and IFA Create Alliance to Give Clients Unrestricted Access
West Palm Beach (HedgeCo.Net) – HedgeCo LLC, an elite name in the hedge fund service industry, announced today a strategic relationship with International Financial Administration US LLC. This alliance will offer clients of IFA the use of the HedgeCo Websites […]
French bank SocGen fined over internal system failings
Budapest Business Journal- The French financial market regulator AMF said Friday it had fined French bank Societe Generale €300,000 ($464,000) for breaching financial industry’s rules and a suspected insider trading. In August 2003, the Amber Fund, a Jersey-based hedge fund […]
Clinton offers plan to ease credit crisis
Baltimore Sun- Sen. Hillary Clinton rolled out a series of proposals yesterday to ease the nation’s housing and credit crises, including a $30 billion fund to help cities and states aid distressed homeowners, but some critics faulted it as insufficient. […]
Babylon Fund Does Well In Iraq
West Palm Beach (HedgeCo.Net)- Godvig Capital Management’s hedge fund, The Babylon Fund, reported a rebound in Febuary, reviving a long-term uptrend, according to the company. All asset classes in the portfolio contributed to the rebound, Godvig said, Iraqi bond yields […]