Author Archives: the HedgeCo News Team
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 […]
Goldman Said to Be in Talks for Trafalgar Stake
New York Times Blogs- Goldman Sachs is in talks to buy a significant stake in Trafalgar Asset Managers, one of London’s top hedge funds, according to The Telegraph. Petershill, a $500 million private equity fund within Goldman Sachs’ asset management […]
BlackRock stakes place as fixer with Fed
BOSTON (Reuters)- Lawrence Fink is proving that he really is Wall Street’s Mr. Fix-It. BlackRock Inc, the small bond shop Fink grew into one of America’s biggest asset managers, on Monday added another $30 billion (15 billion pounds) to the […]
SocGen Threatened to Fire Kerviel in 2005, Court Document Says
BLOOMBERG – A Societe Generale SA manager threatened to fire Jerome Kerviel in 2005 after the trader exceeded trading limits with bets on Allianz SE securities, according to a court document. The document, which lays out the Paris appeals court’s […]
Hedge Funds Cut Commodities Exposure
Financial Times – Commodities prices have been falling across the board as hedge funds cut their exposure to one of the most popular asset classes so far this year, suggesting that recent record prices have been buoyed by speculative flows. […]
BlackRock Inc. Helps to Pick up the Pieces
West Palm Beach (HedgeCo.Net) – At a time when most financial institutions are recovering from multi-billion dollar writedowns and anxiety is running high on Wall Street, BlackRock Inc. is moving forward and taking advantage of some recent pitfalls in the […]
JGB futures dip, take breather from volatility
TOKYO (Reuters)- Japanese government bond futures fell on Monday in holiday-thinned trade, taking a breather from the volatility seen last week when hedge funds and other players rushed to unload loss-making trades. Market anomalies such as negative long-term swap spreads […]
Hedge funds: heads I win, tails you lose?
Atlantic Online- Now imagine that we set up a hedge fund with $100m from investors on the normal terms of 2 per cent management fees and 20 per cent of the return above a benchmark. We put our $100m in […]
Polar picks up stocks from distressed hedge funds
LUXEMBOURG (Reuters)- Fund boutique Polar Capital said it has been buying up mid and small-cap stocks from hedge funds forced into distressed sales, and sees further forced selling this year as tough conditions prevail. The comments from Polar Chief Executive […]
Banks prepare for legal action against hedge funds
Irish banks are lining up with regulators in Britain and Ireland, to pursue legal action against hedge funds suspected of spreading misleading information to profit from recent stock market falls. Market sources have identified at least four specialist hedge fund […]
Hedge Fund Asks Investors To Replace Bank Loans
West Palm Beach (HedgeCo.Net)- Hedge Fund Carrington Capital Management LLC is asking investors to lend it as much as $200 million to replace bank loans, according to the Financial Times. The $1 billion hedge fund has offered investors an 18% […]
Hedge Funds for Habitat Raise $20,000
West Palm Beach (HedgeCo.Net)- Hedge Funds for Habitat-NYC hosted an event on Friday that brought 30 volunteers from the hedge fund industry together, many with no prior construction experience, to drywall rooms, saw wood, measure and cut metal studs and […]