Author Archives: the HedgeCo News Team
Sarkozy vows to defend France against wealth funds
Reuters – President Nicolas Sarkozy vowed on Tuesday to protect French businesses from sovereign wealth funds and private speculators and urged a state bank to roll up its sleeves and help France defend its industrial interests. Sarkozy’s appeal came months […]
Ice Maker in Talks With Hedge Fund on New Buyout Terms
New York Times – Reddy Ice Holdings, a producer of packaged ice, said Wednesday that it was in talks to revise a $1.1 billion deal to be bought by a hedge fund, GSO Capital Partners. The deal was called into […]
Some Bear hedge funds perform well despite turmoil
Reuters – Not all Bear Stearns hedge funds are suffering, despite the collapse of two last summer that resulted in losses of $1.6 billion (800 million pounds), results over the last week suggest. The Bear Stearns Emerging Markets Macro Fund, […]
HFG Investment Launches The HFG Korea Fund
Hong Kong 7th January 2008 – HFG Investments Pte Ltd, a Singapore-based joint venture established last year between Hana Daetoo Securities Co. Ltd, a member company of the Hana Financial Group, and Opvs Investment Holdings Ltd, launched its inaugural fund […]
Activist Hedge Fund Costa Brava Fails in Suit Against Telos Corporation
Ashburn, Va. – January 7, 2008 – The Circuit Court for Baltimore City today dismissed with prejudice all shareholder claims of wrongdoing against Telos, a Maryland Corporation, and its present and former directors and officers brought by activist hedge fund Costa […]
HFR Hedge Fund Index Rebounds in April After Decline in March
Bloomberg – Hedge fund returns rebounded in April after starting the year with the worst performance in nearly two decades, according to early results from Hedge Fund Research Inc. Overall hedge fund returns increased 1.5 percent for the month ended […]
Blackstone and Citadel looking at stakes in Australia
HedgeCo.Net- The Australian Financial Review reported that US hedge funds Blackstone and Citadel have both flown teams into Australia to discuss buying a stake in troubled shopping centre owner Centro Properties Group. Australian institutions including AMP, Colonial First State and […]
Ritchie Capital defends hedge fund, warns investors legal action could ‘damage value’
Chicago Tribune- A week after some investors tried forcing it into bankruptcy, Lisle-based Ritchie Capital defended management of its multi-strategy hedge fund and warned other investors that the group’s legal action could “cause further damage to the value of your […]
Hedge fund code
Financial News Online US- Plans for a hedge fund code of conduct need to be beefed up to protect institutional investors piling cash into the industry, Albourne Partners, one of the biggest UK specialist advisers, warned on Wednesday. Albourne said […]
Dow Jones Top Hedge Fund Trades of 2007
Dow Jones Hedge Fund Trades announced in a a press release today the annual list of the best and boldest hedge fund moves. Among the top hedge fund trades were two deals by Atticus Management, which resulted in a collective […]
Hedge fund raises stake to block nationalisation
Guardian Unlimited- Pressure mounted yesterday on the government to nationalise Northern Rock after an activist investor in the stricken bank revealed it had increased its shareholding for a third time in three days, positioning itself to block deals that favour […]
A Hedge-Fund Mystery
CFO.com- Last August was a bad month for the hedge-fund industry. According to fund tracker Barclay Hedge Ltd., about 75 percent of the 2,600 or so hedge funds that reported results for the month showed a loss, of about 1.4 […]