Author Archives: the HedgeCo News Team
Hedge Fund, Traders Fight Gov’t Charges
ForbesFailed hedge fund Amaranth Advisors LLC and two traders are rebutting government allegations that they manipulated natural gas markets last year. In hundreds of pages of briefs filed late Friday with the Federal Energy Regulatory Commission, Amaranth and former energy […]
Calvert Launches Alternative Energy Opportunities Abroad
West Palm Beach (HedgeCo.Net)- Dublin based mutul fund manager Calvert Inc. announced the launched this year of the Calvert Global Alternative Energy Fund. The new hedge fund invests in a broad universe of U.S. and non-U.S. stocks, seeking out companies that are alternative […]
New Goldman hedge fund to start with over $6 billion
International Herald Tribune – A new Goldman Sachs Group stock hedge fund could be launched with more than $6 billion (3 billion pounds), with some investors expecting the fund to attract as much $10billion, people familiar with the fund said. […]
Hedge Funds Ahead for November
West Palm Beach (HedgeCo-Net)- Hedge fund returns remained in double digits for the year despite a 1.6 percent dip in November, according to the Greenwich Global Hedge Fund Index. Putting hedge funds ahead of a trio of broad stock indexes […]
Clinton’s Ties to Burkle Include Funds in Offshore Tax Haven
Bloomberg- Former President Bill Clinton’s decision to reconsider a business relationship with California billionaire Ron Burkle reflects concern those financial dealings may embarrass his wife’spresidential candidacy. Securities and Exchange Commission documents and financial- disclosure forms filed by Hillary Clinton show […]
Ailing Raptor hedge fund losing clients
International Herald Tribune – Clients of Tudor Investment pulled more than $1 billion from the firm’s Raptor hedge fund after it lost 8.5 percent this year, mostly on U.S. equities, according to twoinvestors. Raptor, which James Pallotta runs from Boston, […]
Hedge Fund Launch Expected From GMP Capital
West Palm Beach (HedgeCo-Net)- GMP Capital Trust is expected to announced the launch of a new hedge fund this year, according to Canadian newspaper Globe and Mail. The $50-million hedge fund is to be co-headed by star trader Michael Wekerle. The firm will put up $20-million, […]
Former Vikings Owner Fails To Pay Hedge Fund Manager
FINalternatives- James Jundt refuses to give a former hedge fund manager in his employ what a court says he should. So the court has decided to take away his business. A Minnesota judge turned over Jundt Associates, which manages investments […]
Drake’s flagship fund runs off course
MSN MoneyCentral- Drake Management, one of the best-performing hedge funds last year, is in crisis talks with investors in its flagship fund following heavy losses from bets against US Treasuries,according to several investors. New York-based Drake, which had $13bn under […]
Key Wall Street Hedgie Unravels
New York Post- One of last year’s best performing hedge funds has hit an epic ice patch, dropping an estimated 22 percent last month after a big bet on copper turned out to be none too shiny. The November returns […]
Hedge Funds Sector Positioned To Recover Quickly, F&C Partner Speculates
West Palm Beach (HedgeCo.Net)- Commenting on the subprime crisis, Francois Barthelemy, partner at hedge fund F&C Partners said, “Hedge funds tend to suffer in very volatile environments but well-managed portfolios often recover quickly, once the market has come back to some sort […]
A Challenging Year For Hedge Funds Ends Well
West Palm Beach (HedgeCo.Net)- The 2007 Credit Suisse/Tremont Index shows that hedge funds have outperformed many major global equity indices for the year while maintaining considerably less volatility. According to Oliver Schupp, President of the Credit Suisse Tremont Index, LLC, the […]