Author Archives: the HedgeCo News Team
End is Sought to Ban on Hedge Fund Advertising
New York Sun — The hedge fund manager who successfully sued the Securities and Exchange Commission to stop what he deemed a burdensome regulation on the industry is now eyeing a First Amendment lawsuit to lift a ban on the […]
Investors Reluctantly Wait for Drake’s Next Move
West Palm Beach (HedgeCo.Net) – Drake Management LLC, the firm run by former BlackRock Inc. managers, may shut down their $3 billion Global Opportunities Fund, according to a recent letter to investors. The firm’s largest hedge fund, which saw a […]
Hedge Funds Place Bets, Small Investor Takes Fall
The Toronto Star – And the beating goes on. The global credit crisis that began last summer, triggered by a collapse in the U.S. market for subprime or "junk" residential mortgages, has since Feb. 15 forced hedge funds with assets […]
Times: No Sale, Hedges!
New York Post — The New York Times Co. isn’t bowing to pressure from dissident shareholders who want it to shed the Boston Globe and other assets. Chief Executive Janet Robinson said yesterday that a Globe sale is unlikely given […]
WaMu gets Capital Offer from UK Hedge Fund
Reuters – U.K. hedge fund Toscafund Asset Management LLP has approached Washington Mutual Inc., offering to participate in any consortium looking to recapitalize the bank, The Wall Street Journal reported on Wednesday. Citing a person familiar with the matter, the […]
Darling Says – Deal With It!
West Palm Beach (HedgeCo.Net) – Ignoring intense pressure from businessmen and government officials over the past month, Alistair Darling has asserted that his tax plans for non-domiciled residents are here to stay and will be implemented starting in April. […]
Hedge Funds on the Brink as US Federal Reserve Cash Fails to Ease Crisis
Times Online – Several hedge funds with assets of more than $4 billion (£2 billion) were on the brink of collapse last night or had halted withdrawals, despite moves by the US Federal Reserve this week to ease America’s deteriorating […]
Vaalco shareholder calls for sale of company
Reuters- The largest institutional shareholder of Vaalco Energy Inc has delivered a letter to the oil and natural gas company’s board calling for the evaluation of strategic alternatives, including a sale of the company. Nanes Delorme Partners said in the […]
Dexia sees Russia as a “safe haven” on commodities
LONDON (Reuters)- Strong commodity prices are increasing Russia’s relative allure as the threat of a global economic slowdown grows, said a fund manager for Belgian-French asset management firm Dexia. Dexia has raised Russia’s share in its Equities Emerging Europe Fund […]
ASIC probe on hedge funds –
Melbourne Herald Sun- The corporate watchdog has ratcheted up the pressure on investors involved in short selling, insider trading and market manipulation, with market participants facing requests for information. The Australian Securities and Investments Commission yesterday expanded its investigation into […]
Spitzer stood up to Wall St. piggery
Baltimore Sun- Whatever Eliot Spitzer may have done in Room 871 at the Mayflower Hotel in Washington on Valentine’s Day, he was the right person at the right time on Wall Street in the early 2000s. Of course Wall Street […]
Gore’s $5 Billion Hedge Fund Restricts New Investors
West Palm Beach (HedgeCo.Net) – Al Gore’s investment firm, Generation Investment Management will close its doors to new investors as early as next month. Gore, along with co-founder David Blood, will most likely restrict further investments into the company’s main […]