Author Archives: the HedgeCo News Team
In a time of crisis, sovereign funds suddenly more welcome in Europe
International Herald Tribune – Ronald Reagan’s catchphrase when it came to arms control, "’Trust, but verify," may be the slogan finally adopted by a Europe that is attracted to, but unnerved by, the vast pools of capital amassed by governments […]
Bankrupt Ritchie Capital Management hedge funds sell assets
Chicago Tribune – Ritchie Capital Management Ltd.’s two bankrupt hedge funds sold their life insurance assets to a Bear Stearns Cos. affiliate and ABN Amro NV for $452.5 million, a witness in a New York bankruptcy court hearing said. Bradley […]
Another hedge fund’s Chapter 15 bid fails
Cayman Net News – The latest attempt by a hedge fund to use its Cayman Islands registered status to escape bankruptcy action in the USA appears to have failed. On Monday in New York, US Bankruptcy Judge Robert Gerber ruled […]
Legislative action needed to nourish Hawaii’s hedge funds
Honolulu Star-Bulletin – Hawaii is emerging as a focal point for Asia’s investors in hedge funds, the financial pools that have blossomed in recent years. London’s Financial Times reported this week that 10 hedge funds now operate in Honolulu and […]
Adept Capital Partners Launches Early Stage Asia Fund
Hong Kong, 16 January 2008: Boutique investment manager Adept Capital Partners has launched a Fund of early stage Asia hedge funds. The Fund aims to capture the superior absolute returns typically generated by dynamic hedge fund managers in the early years […]
Indian Hedge fund biggies get FII status
Business Standard – Some of the world’s top hedge funds have been granted direct entry into the Indian stock markets, nearly three months after the Securities and Exchange Board of India (Sebi) imposed curbs on foreign investments through the participatory […]
HEDGE FUNDS Industry inflows slowed during fourth quarter
MarketWatch – The amount of money flowing into hedge funds slowed during the fourth quarter after some managers suffered big losses from the broadening credit crisis, Hedge Fund Research reported on Tuesday. A net $30.4 billion flowed into hedge funds […]
Bloomberg Chooses a Friend to Manage His Fortune
New York Times – Mayor Michael R. Bloomberg has chosen the firm of a longtime friend, Steven Rattner, a financier who moves among New York’s power elite, to manage the investments of his multibillion-dollar fortune. The selection, which was announced […]
Hedge funds defeated at today
Money Marketing – Hedge funds, RAB Capital and SRM Global, have been defeated at today’s Northern Rock EGM in Newcastle. The outcome of the vote means that shareholders will be unable to restrict the board’s ability to sell the lender. […]
Renaissance fund in first loss for 20 years
MSN MoneyCentral – Renaissance Technologies, one of the best-known and best-performing hedge fund groups in the world, has recorded its first fund loss in almost 20 years. Renaissance’s Institutional Equities fund, which it launched in 2005 and designed to hold […]
A Loophole Lets a Foot in the Door
New York Times – The bad news reached Neil Ashe, the chief executive of CNet, as he lounged on the beach in Mexico on vacation with his family over the holidays. The company’s lawyer called to say that two hedge […]
Trader Made Billions on Subprime
Wall Street Journal – On Wall Street, the losers in the collapse of the housing market are legion. The biggest winner looks to be John Paulson, a little-known hedge fund manager who smelled trouble two years ago. Funds he runs […]