Author Archives: the HedgeCo News Team
Bulldog seeks freedom of speech for hedge fund websites
Hedge Funds Review Magazine- Bulldog Investors, a group of hedge funds, has challenged the US Securities and Exchange Commission (SEC) in court over its prohibition of “open” websites for hedge funds. Philip Goldstein, who runs the Bulldog fund, says the […]
Hedge fund in battle over US rail company
Guardian- A London-based activist hedge fund today faced withering criticism from the US Congress, heralding an uphill battle as the fund attempts to force management changes at the US rail company CSX. The Children’s Investment (TCI), run by Christopher Hohn, […]
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, […]
PCM Green Power Fund launches on 1st April 2008
PCM Capital Management (“PCM”) 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 […]
Hedge Fund Firm Readies Environmental Fund Of Funds
FINalternatives- Hong Kong-based alternative asset management firm PCM Capital Management is gearing up to launch a green-focused fund of hedge funds on April 1. The new vehicle, the PCM Green Power Fund, will have an Asian focus and invest in […]
JP Morgan raises cash for Blue River muni fund
Reuters- A Blue River municipal bond fund whose heavy selling battered the market last week on Monday got new cash, according to JPMorgan, which said it had persuaded new and existing investors to invest. Blue River was was one of […]
Top hedge funds trimmed Microsoft holdings in 4th Quarter
NEW YORK (Thomson Financial) – A study of the top 25 holdings of the largest hedge funds showed investors pared their holdings of Microsoft Corp. by about 30% during the fourth quarter, according to Thomson Financial Proprietary Research. Funds also […]
U.S. fund accused of fraud linked to subprime
WASHINGTON (Reuters) – A Salt Lake City hedge fund adviser and its principals were charged with using much riskier trading strategies than described to investors, resulting in the near-total loss of assets in two funds, the U.S. Securities and Exchange […]
Brevan Howard Plans Launch Of New Listed Hedge Fund
CNN Money- Brevan Howard Asset Management LLP said Wednesday it is considering the launch of a new hedge fund, BH Global Limited, which will be listed on the London Stock Exchange. BH Global "will provide investors with exposure to a […]
Hedge funds eye massive expansion in Middle East
GulfNews- The top echelons of the global hedge funds industry discussing the outlook at the ninth annual Hedge Funds World Middle East Conference in Dubai yesterday said that despite the challenges faced by industry due to the credit crunch it […]
Millennium Buys Ex-JPMorgan Hedge Fund
West Palm Beach (HedgeCo.Net)- Hedge fund manager Millennium Capital Management announced the acquisition of Castlegrove Capital, a London based multi-strategy hedge fund active in global equity markets. Castlegrove was set up by three ex-managing directors of JPMorgan’s Global Equity derivatives […]