Author Archives: the HedgeCo News Team
Cocoa Posts Longest Rally in Two Decades as Funds Buy
Bloomberg -Cocoa advanced for a 12th day in London, the longest winning streak since at least 1989, as chocolate makers locked in supplies to hedge against further gains. White sugar and robusta coffee also gained. Cocoa, which reached its highest […]
London Is Favorite for Emerging Market Hedge Funds
Bloomberg – Hedge funds investing in emerging markets pick London as their domicile more often than any other location, the Financial Times reported, citing Hedge Fund Research of Chicago. Thirty-one percent of such funds choose the U.K. capital, against 27 […]
Mathur Rejects Plea Bargain, Instead Faces 20 Years
HedgeCo.Net (West Palm Beach) – A massachusettes man who defrauded investors out of millions has rejected a plea bargain that could have cut his prison sentence in half. Arthur Mathur, 37, who could face 20 years in prison, promised investors […]
Hedge Funds Could Make or Break Delphi
HedgeCo.Net (West Palm Beach) – Bankrupt auto parts maker Delphi may have to look elsewhere in their quest to secure $6.1 billion in exiting financing. While a deal was originally struck with Appaloosa Management, the continuing credit crisis is causing […]
Hedge executive to launch new firm backed by GE
Reuters- Carrie McCabe, among the most prominent women executives in the hedge fund industry, is launching a new hedge fund investment firm backed by General Electric’s asset management division, sources familiar with the situation said on Tuesday. McCabe, formerly chief […]
Branson’s bid for the Rock is on a roll
This is Money- Sir Richard Branson looks set to win control of Northern Rock, in what would be a major blow to shareholders, who would find their holdings severely diluted. The Treasury has been told by its adviser Goldman Sachs […]
UBS Securities deepens hedge fund coverage
Globe and Mail- Global investment bank UBS Securities ramped up its coverage of the hedge fund community Monday by hiring Michael Arbus away from the sales desk at TD Securities. Hedge funds have long been major clients of UBS Securities, […]
Hedge fund sells off InterOil stake
ReportonBusiness.com- InterOil Corp., which is seeking to develop a liquefied natural gas project in Papua New Guinea, appears to have lost a believer, as a hedge fund run by one of the U.S.’s richest men has sold all of its […]
There’s No Crying in Hedge Funds (or, There Shouldn’t Be)
New York Magazine- Poor Mark Fishman. His Stamford-based hedge fund, Sailfish Capital Partners, exploded spectacularly last month, culminating in an ugly shouting match between Fishman and his founding partner, Sal Naro, and the loss of billions of dollars. ("It’s basically […]
SunGard Launches New Version of InvesTier
London & New York – 12th February 2008 – SunGard (http://www.sungard.com) today announced the launch of InvesTier version 4.2. SunGard’s InvesTier is an investor accounting and reporting software solution for alternative investment firms and their administrators. InvesTier 4.2 adds equalization […]
Emerging market hedge funds pull in $9 bln in 2007
Reuters- Hedge funds specializing in emerging markets took in $9 billion in new money last year as strong performance at portfolios focusing on Russia, Africa and the Middle East wooed investors, data released on Monday show. However, some industry experts […]
Michigan Couple Ordered to Pay $3.1 for Hedge Fund Fraud
A Michigan couple has been ordered to pay $3.1 million in restitution and penalties after defrauding investors in their “private hedge fund.” Ty and Monette Klotz, who were doing business under Aurifex Investments, were charged with fraud in connection with […]