Author Archives: the HedgeCo News Team
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 […]
Basis Bankruptcy sets Gloomy Precedent for Offshore Funds
HedgeCo.Net (West Palm Beach) Once a premier hedge fund in Australia, Basis Yield Alpha has just been valued at 2 cents on the dollar, by its former sister fund Sydney-based Basis Capital. This latest set-back is just another blow in a […]
HEDGE FUNDS Menta Capital co-founder leaves firm
MarketWatch- George Patterson, co-founder of Menta Capital LLC, said on Tuesday that he has left the San Francisco-based quantitative hedge fund firm. Patterson started Menta in late 2006 with Asriel Levin and Laurent Dubois. The three were formerly portfolio managers […]
Hedge funds push Dillard
Forbes- Two prominent hedge fund managers owning a 5.3 percent stake in Dillard’s Inc Tuesday demanded the retailer run its business better to help boost its long-sinking share price. James Mitarotonda, who heads hedge fund Barington Capital Group, and hedge […]
Pension funds lose $1.5 trillion in share slump
Reuters- The global share sell-off may have wiped up to $1.5 trillion off the value of global institutional pension fund assets since the start of this year, consulting firm Watson Wyatt said on Wednesday. With the average allocation to equities […]
Hedge Fund Finance Chief Sentenced To 20 Years
West Palm Beach (HedgeCo.Net)- U.S. District Judge Colleen McMahon said of Daniel Marino, the former finance chief of the bankrupt hedge-fund firm Bayou Group LLC, "You are as much a career criminal as any mobster or any drug kingpin." The […]
Scion Capital Shuts Asian Funds to Focus on U.S.
SAN FRANCISCO (MarketWatch) — Scion Capital LLC, a $1 billion hedge fund firm run by Michael Burry, is shutting its Asian funds to focus on opportunities that will be created by a U.S. economic slowdown. Scion’s Asian funds oversaw about […]
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 […]
Hedge funds seek to shake up board of the New York Times
Independent- Arthur Sulzberger, the publisher of The New York Times and the chairman of its family-controlled parent company, picked out one of the most irritating thorns in his side in October when, after a two-year campaign to shake up the […]
Indian Policymakers Looking At Hedge Funds To Neutralize Rupee Appreciation
West Palm Beach (HedgeCo.Net)- India has been looking to hedge funds and loans since this year’s decline began in industrial growth from 11% a year ago to 9.5% in the first half of 2007-08, coupled with a fall in the […]
Hedge Funds May Help Solve Market Turmoil, SEC Comissioner Says
West Palm Beach (HedgeCo.Net)- SEC Commissioner Paul Atkins recommended that European and US regulators should learn from each other’s approach to regulating hedge funds, particularly as the hedge fund industry became more international. Atkins said he also expects hedge funds […]