Author Archives: the HedgeCo News Team
Hedge Funds Post Worst Month in Five Years
Street.Com- A tumultuous market on Wall Street is battering hedge fund managers harder than they’ve experienced in years. Hedge funds saw their worst month performance in about five years in January, generating a composite loss of 2.46%. It’s the group’s […]
UBS Faces Charges Amidst Record Losses
West Palm Beach (HedgeCo.Net) – Swiss bank UBS is facing yet another lawsuit, this time from Stamford, Connecticut based hedge fund Pursuit Partners. According to the allegations, UBS marketed securities as investment grade, knowing full well that they were […]
Can Hedge Funds Save Delphi? The Clock is Ticking
West Palm Beach (HedgeCo.Net) – Bankrupt auto parts maker Delphi is surrounded by a whirlwind of drama since trying to secure $6.1 billion in exit financing. The former GM subsidiary turned to hedge fund Appaloosa Management, who agreed to extend […]
PCM Green Power Fund launches on 1st April 2008
PCM Capital is pleased to announce the launch of PCM Green Power Fund (“Fund”) on 1st April 2008. The Fund – with its Asian focus – is a pioneering Fund of “Green” Funds that invests in environmental and alternative energy […]
Heads of Hedge Funds Among World’s Richest
West Palm Beach (HedgeCo.Net) – The coveted list is here! Forbes magazine has named the World’s Richest, with 1,125 billionaires making the list… the most ever. Warren Buffet took the title of World’s Richest Man, with a fortune of $62 […]
Hedge Funds Frozen Shut
BusinessWeek- There’s a chill spreading across the hedge fund industry. With more portfolios falling victim to the credit crunch, managers by the dozen are freezing investor redemptions, preventing a mad rush to the exits that would force funds to sell […]
Gore Invests $35 Million for Hedge Funds With EBay Billionaire
Bloomberg- Former U.S. Vice President Al Gore left the White House seven years ago with less than $2 million in assets, including a Virginia home and the family farm in Tennessee. Now he’s making enough to put $35 million in […]
Client of Hedge Fund Company To Lead Sales Efforts
West Palm Beach (HedgeCo.Net)- A client of Cutler Capital Management liked the investment style of the hedge fund company so much, that he came out of retirement to join the investment advisory firm as Director of Business Development. Allan M. Kline recently […]
Investcorp Wins Awards For Best Hedge Fund Manager
West Palm Beach (HedgeCo.Net)- Investcorp was declared the Best Institutional Hedge Fund Manager at the second Hedge Funds World Awards, also winning the Special Merit Award. The awards, sponsored by Man Investments, are designed to recognise and celebrate companies and […]
UBS May Have Dumped $24 Billion Alt-A Portfolio, Analyst Says
CNNMoney.com- UBS may have sold a portfolio of Alt-A securities worth 25 billion Swiss francs ($24.1 billion), according to an analyst at J.P. Morgan. UBS was "highly likely" to have sold the securities in a fire sale, according to J.P. […]
Darling Continues to Feel Pressure from Prominent Businessmen
West Palm Beach (HedgeCo.Net) – The attacks on Alistair Darling and his tax agenda keep coming in, this time from three influential businessmen. Michael Snyder, policy chairman of the City of London Corporation, Lord Brittan of Spennithorne, a former European […]
Sex, Drugs and Fidelity
West Palm Beach (HedgeCo.Net) – Fidelity will pay $8 million to settle the embarrassing claims brought on by the SEC. At he head of the allegations are Vice Chairman Peter Lynch and former head trader Scott DeSano. The two men, […]