Author Archives: the HedgeCo News Team
Hedge Funds Decline in January 2008
West Palm Beach (HedgeCo.Net)- The Greenwich Global Hedge Fund Index (GGHFI), fell -2.44% in January amid severe declines in global equity markets such as the S&P 500, MSCI World Equity, and FTSE 100 indices. Meanwhile, 79% of hedge funds outperformed […]
First Avenue eyes $750 million for fund of hedge funds
Reuters- Alternative investments firm First Avenue Partners said on Monday it planned to raise up to $750 million (384 million pounds) for a portfolio that will invest with start-up hedge funds, as well as funds that have seen heavy outflows. […]
Activist may get seat on Sprint board
Reuters- Activist investor Ralph Whitworth of Relational Investors LLC is in advanced discussions to take a seat on the board of Sprint Nextel Corp (S.N), according to the Wall Street Journal Web site, citing people familiar with the matter. The […]
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 […]
Juno Mother Earth Founder Departs to launch Vertus Capital Partners
Co-founder and Equity Portfolio Manager of Juno Mother Earth AssetManagement, Joseph Di Virgilio, recently departed Juno to team up withCraig and Dermot Coughlan to establish Vertus Capital Partners. Di Virgilio will be the Chief Investment Officer of Vertus CapitalPartners, which […]
Hedge funds flex political muscle in U.S. election
Reuters UK- Hedge fund managers Ken Griffin and Dan Loeb are backing Democratic presidential contender Barack Obama, while Thomas Steyer and Marc Lasry are betting on his rival, Hillary Clinton. Prominent New York hedge fund managers Louis and Zack Bacon […]
Watching hedge fund bets for market trends
International Herald Tribune- If hedge funds are, as is often claimed, the investment vanguard, their latest moves appear to be telling financial markets it is time to take a break from the trading patterns that have dominated since mid-2007. Investment banks […]
Goldman Takes 20% Stake In London\’s Capula Hedge Fund Group
CNNMoney.com- A fund of Goldman Sachs Group Inc. (GS) said Monday it has taken a 20% stake in London-based hedge fund operator Capula Investment Management, in the latest move by a bank to tap into hedge funds’ lucrative fees through […]
Hedge Fund Launches By QIM
West Palm Beach (HedgeCo.Net)- US based Quantitative Investment Management(QIM), has launched two new hedge funds, the Quantitative Tactical Fund and the Quantitative Fund. Director of Marketing, John McAllister said of the launches, "The multi-strat gives us an ability to provide […]
Hedge Fund Awareness When Dealing With Institutional Investors
West Palm Beach (HedgeCo.Net)- A white paper released today by SEI, titled "Five Critical Challenges for Hedge Funds Taking Aim at the Institutional Market", details the growing institutional acceptance of hedge fund investing. Forty-seven percent of the institutions surveyed said […]
Airlines edge closer to deals on mergers
Seattle Times- Airline boards are under pressure from hedge funds and other investors to find a way to boost share prices that fell calamitously last year as oil prices skyrocketed. Four major U.S. carriers, including United Airlines, appear closer to […]
Private sector to fund, run nuclear plant
Globe and Mail- A consortium of private sector companies is teaming up with Atomic Energy of Canada Ltd. to finance a $5-billion ACR1000 reactor in New Brunswick in a test of a new ownership model for nuclear plants that could […]