Author Archives: the HedgeCo News Team
SEC probing three dozen securitization cases
Reuters- U.S. regulators, led by the Securities and Exchange Commission, are probing how financial firms priced mortgage securities on their books and whether they should have told investors earlier about the declining value of those securities, The Wall Street Journal […]
Northern Rock may be forced to face angry shareholders in January
Guardian Unlimited- Northern Rock’s shareholders are likely to be given a chance to air their views on the state of the ailing bank at an extraordinary meeting next month. Last night the bank seemed to be failing in its last […]
Barclays sues Bear Stearns over collapsed hedge funds
The Independent- Barclays has launched a $400m-plus legal action against Bear Stearns, accusing its Wall Street rival of fraud over the collapse of two hedge funds earlier this year. The collapse of the funds in June was the first sign […]
Hedge funds, private equity avoid US tax increase
Reuters- Rich U.S. hedge fund and private equity firm managers avoided proposed increases in their taxes Wednesday when the House approved a controversial tax bill stripped of the proposals. Amid heavy lobbying by wealthy financiers trying to protect their lucrative […]
2 Young Hedge-Fund Veterans Stir Up the World of Philanthropy
New York Times- As hedge-fund analysts, Holden Karnofsky and Elie Hassenfeld made six-figure incomes deciding which companies to invest in. Now they are doing the same thing with charities, for a lot less pay. Mr. Karnofsky and Mr. Hassenfeld, both […]
HFR Says Fewer Hedge Fund Launches in 2007
HedgeCo.Net- Hedge fund launches slowed in 2007 for the third year in a row, a sign investors may be putting money into existing funds rather than into new ones with perceived higher risks, according to Chicago-based Hedge Fund Research. 863 […]
Private Equity Firms & Hedge Funds May Face Key Man Risk
HedgeCo.Net- Despite current investor and media attention on unexpected CEO turnover at major public companies, key man risk, the risk that the departure of a key executive or group of executives will lower credit quality, is more prevalent and a […]
Hedge fund urges TietoEnator, EDB to merge to create Nordic IT
CNNMoney.com- Finland’s TietoEnator OYJ and Norway’s EDB Business Partner ASA are being urged by shareholder Copenhagen Capital to merge to create a Nordic IT giant with yearly sales of 20 bln nkr(2.5 bln eur), Dagens Naeringsliv reported, citing the London-based […]
Goldman Clients Pull $3 Billion From Hedge Funds
Bloomberg- Goldman Sachs Group Inc. said clients pulled about $3 billion from quantitative hedge funds including Global Alpha in the fiscal fourth quarter and withdrawals will increase over the nextthree months. “We are OK with those funds being smaller, especially […]
Bear Stearns to get trial over failed hedge fund
Financial News Online US- A federal judge has granted Bear Stearns a trial before the prime broker can be ordered to pay nearly $160m (€111m), as the bank’s board reportedly considers a succession plan for chief executive James Cayne. US […]
Britain, Germany, France to act on hedge funds
Guardian Unlimited- The leaders of Germany, France and Britain will draw up new proposals on the self-regulation of hedge funds by spring next year, German Chancellor Angela Merkel told a magazine in an interview released on Tuesday. Brown said on […]
Hedge Funds Are Biggest Donors on Wall Street
CNBC- When it comes to charitable giving, who gives more–hedge funds or private equity? Turns out the private equity folks are the cheapskates. When you look at the 50 most generous family foundations last year funded by Wall Street money, […]