Author Archives: the HedgeCo News Team
Ritchie Capital sues investors in troubled hedge fund
Chicago Tribune- Ritchie Capital Management LLC has sued investors who are trying to force one of its hedge funds into bankruptcy, claiming they disparaged the Lisle-based investment firm. Comments made by the investors’ bankruptcy counsel have made it more difficult […]
Investors punish hedge funds for poor returns
Reuters- Investors punished hedge funds for poor performance in December, when they dramatically cut the new money they sent to its lowest level in two years, new data released on Thursday show. Pension funds, endowments and wealthy individuals put only […]
SEC issues warns over wealth funds
Daily Telegraph- The Securities and Exchange Commission has warned it is highly wary of sovereign wealth funds, branding the new wave of investors as potential traders of inside information. The SEC, the US’s leading financial regulator, also accused such funds […]
Coffee Rises on Demand by Index, Hedge Funds for Commodities
Bloomberg- Coffee rebounded to close at the highest price in eight years on demand for commodities by index and hedge funds. Hedge funds and other speculators increased net-long positions, or bets prices will rise, by 187 contracts to 40,263 contracts […]
VEB, hedgefunds, oppose Rodamco Europe squeeze out price
Forbes (Thomson Financial) – Dutch shareholders’ association VEB and five hedge funds are to challenge the 81.03 eur squeeze out price set for those Rodamco Europe NV shares not already owned by Unibail-Rodamco, VEB lawyer Aafje Rietveld told Thomson Financial […]
Hedge fund firm GLG Partners says assets rise
Reuters- GLG Partners, one of Europe’s largest hedge funds, reported strong asset inflows on Wednesday and said prospects for future expansion remained bright. London-based GLG, which floated in New York last year, said net inflows during the three months to […]
Noci Pictures Offers 100% Deductions For Alternative Investors
West Palm Beach (HedgeCo.Net)- Noci Pictures Entertainment, A Chicago film finance and production company is offering an innovative way for high net worth investors, hedge funds and private equity groups to receive 100% deductions for film investments as well as […]
Ritchie Capital, Founder Pay $40 Million to End Probe
Bloomberg- Ritchie Capital Management LLC, founder Thane Ritchie and one of their hedge funds will pay almost $40 million to settle regulators’ claims over their alleged roles in illegal late trading of mutual funds. The firm made trades after the […]
Chicago hedge fund settles late trading charges
Reuters- A Chicago-area hedge fund, its investment adviser, chief executive and two employees have agreed to pay $40 million to settle charges that they were involved in an illegal late-trading scheme, authorities said on Tuesday. The U.S. Securities and Exchange Commission, […]
Investors flee Japanese hedge funds
Reuters- Investors pulled $7.7 billion (3.9 billion pounds) out of laggard Japanese hedge funds last year, more than a fifth of their investments, prompting a shake-up of the industry and draining the faltering economy of prized foreign capital. The Japanese […]
Egypt to Add Short-Sales, Exchange-Traded Funds to Spur Trading
Bloomberg- Egypt’s stock exchange, the third-best performing equity market in the world over the past three years, plans to introduce short-selling by the end of this quarter and exchange-traded funds by mid-year to attract more investors. The regulatory changes will […]
Paladyne and SunGard Announce Strategic Partnership
New York, NY – 5th February, 2008 – SunGard (http://www.sungard.com), a leading provider of software and processing solutions to the financial services industry, and Paladyne Systems, a leading provider of outsourced alternative investment solutions, today announced a strategic partnership to […]