Author Archives: the HedgeCo News Team
Sovereign funds expected to be worth US$13 trillion in next decade
Channel News Asia- Sovereign wealth funds (SWFs) are currently worth about 1.3 percent of total global financial assets. But at US$2.2 trillion, they have surpassed the value held by private equity and hedge funds. Based on current trends, studies suggest […]
Hedge Funds Oppose Tousa Refinancing
Houston Chronicle- A group of hedge funds is fighting to unravel Tousa Inc.s’ July 2007 refinancing, saying that would allow the homebuilder to pay unsecured creditors of its subsidiaries in full. The investor group, which holds nearly a quarter of […]
Awash in oil income, Russia forms wealth fund
Boston Globe- Russia has split its oil proceeds into two funds and cleared the way for one to invest in foreign stocks and bonds, officials said yesterday. But actual investments are not expected to begin until fall at the earliest. […]
Hedge Fund Bully Plays Subprime Savior
CFO.com- William Ackman, the activist manager of hedge fund Pershing Square Capital Management, took on an unusual new role today, demanding that management of embattled bond insurer MBIA give him far more information than it would normally disclose or is […]
Scion Capital Brings Focus back to U.S.
HedgeCo.Net (West Palm Beach) – Billion dollar hedge fund firm Scion Capital shocked investors with its recent decision to liquidate its profitable Asian funds. The decision comes from Michael Burry, head of Scion, who says that they wish to focus […]
Deutsche Bank Aquires $10 Billion Hedge Fund Company
HedgeCo.Net (West Palm Beach) – In a fierce race to win over clients, Deutsche Bank of Germany took a major stride with the acquisition of HedgeWorks, LLC. The California based company provides administrative services to over 100 hedge funds that […]
Deephaven to liquidate funds worth $780 million
HedgeCo.Net (West Palm Beach) – Amidst pressure from investors, Minnesota-based Deephaven Capital management is closing its doors on two of its funds worth over $780 million. Deephaven’s parent company, Knight Capital Group, sought to freeze redemptions from the fund after […]
Hedge funds: false dawn or happy ending?
Telegraph.co.uk- If you are looking for a safe haven in the current volatile markets, evidence suggests that investment trust funds of hedge funds may be the place to look. This may be a surprise to many who only associate hedge […]
Russia set to lure back investors in tough 2008
Reuters- International investors are raising exposure to Russia after it lagged China and India in 2007 and see Russia’s new-found political stability and low subprime exposure as strengths in current market volatility. "I’m extremely positive about Russia. Growth is under-priced […]
The CME Makes a Bid for Nymex
BusinessWeek- Few industry watchers were shocked when word came on Jan. 28 that the Chicago Mercantile Exchange (CME) wants to snap up the New York Mercantile Exchange (NMX), the big energy and precious-metals bourse, for $11 billion. With complementary product […]
Russia’s Hedge Funds Show Strong Growth & Potential
West Palm Beach (HedgeCo.Net)- Russia’s strong economic growth, rapidly expanding domestic market and increasing financial market liquidity has been fuel for rapidly expanding hedge funds and specialist investors in Russia and the former Soviet Union (FSU). One such company is […]
Subprime Crackdown Targets Hedge Fund Industry Players
HedgeCo.Net (West Palm Beach) The FBI has targeted 14 corporations in a blitz of investigations on improper subprime mortgage lending, officials said Thursday. The crackdown, which includes mortgage lenders, investment banks, and subprime lenders, was initiated to sniff out fraud […]