Author Archives: the HedgeCo News Team
McCain Trails Giuliani & Clinton in Money From Drug Companies and Hedge Funds
Bizjournals.com- Arizona Sen. John McCain is getting less financial support from hedge funds, private equity firms, pharmaceutical and oil companies, and other controversial business sectors on his presidential bid than former New York Mayor Rudolph Giuliani and New York Sen. […]
Prudential Launches 4 Sub-Funds In Hong Kong
West Palm Beach (HedgeCo.Net)- Prudential Asset Management today announced its entrance into Hong Kong’s retail funds market with the launch of its first four retail sub-funds, the M&G Global Basics Fund, M&G Global Leaders Fund, M&G Pan European Fund, and […]
Absolute Capital Management’s Fund Restructuring Approved
HedgeCo.Net – In a development which should be of interest to asset managers and their advisors, Ogier client Absolute Capital Management Holdings Limited (“Absolute Capitalâ€Â) successfully restructured four of its equity funds to implement side pocket share classes and to […]
Fund’s Chinese Stake Stirs Some Questions
New York Post – A white shoe New York hedge fund has invested in a Chinese copper company whose management has an eye-popping history of stock problems and regulatory woes. Ospraie Management, a $7 billion New York hedge fund run […]
Cunningham Lindsey Group proposes buyout by management
CNBC- Cunningham Lindsey Group Inc., a Canadian insurance claims servicer, on Tuesday announced a proposal to sell itself for roughly $164 million to a group of investors including its ownexecutives, Fairfax Financial Holdings Ltd. and a team of private equity […]
New California regulations may push hedge funds out of state
MarketWatch- It isn’t just wildfires that are sending people fleeing from the state of California. Proposed new hedge funds rules may push operators out of state to avoid oversight. Hedge fund managers that have fewer than 15 clients and more […]
Investors in Failed Bear Stearns Hedge Funds Join Forces
Forbes- Investors who lost hundreds of millions of dollars when two Bear Stearns hedge funds collapsed in August are joining forces to replace Bear Stearns affiliates and designees as managing parties of the failed entities and set the stage for […]
Macquarie wins control of Techem
Reuters – Australian bank Macquarie finally won control of Techem by again raising its cash bid for the German metering company to 1.48 billion euros ($2.13 billion) to sway key shareholders. Macquarie prevailed in a year-long struggle with other investors […]
UBS third quarter loss more than expected
Scotsman- UBS reported a higher-than-expected third-quarter loss after taking hefty writedowns on subprime-related investments but said it expected to turn in a group profit in the last quarter. However, the Swiss bank, which took charges of 4.2 billion francs on […]
GCC Economist Urges Consideration Of Asset Based Rather Than Oil Based Economy
West Palm Beach (HedgeCo.Net)- According to Dr Nasser Saidi, Chief Economist of the Dubai International Financial Centre, “Economies of GCC states should now be considered as asset-based ones rather than oil-based.” The ‘Sovereign Reserve Management, Pension and Institutional Funds Congress […]
Investors ready to pay more for safer hedge funds
Reuters- Funds of hedge funds, which promise to spread the risk of investing in these loosely regulated portfolios, may soon find new customers as investors are again ready to pay more for peace ofmind. “Blow-up risks are the biggest worries […]
Hedge funds too ‘complacent’ over market abuse, warns FSA
The Independent- The Financial Services Authority has hit out at hedge fund managers over their “complacent attitude” towards setting up internal controls to prevent market abuse. The criticisms, which followed a series of visits by the watchdog to several London […]