Author Archives: the HedgeCo News Team
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 […]
Brevan Howard’s BH Macro fund raises $131 million
Reuters- BH Macro, a hedge fund managed by Britain’s Brevan Howard Asset Management, said on Wednesday it had raised the equivalent of about $131 million (64 million pounds) through a placing of newshares. The fund, which invests in Brevan Howard’s […]
Fauchier fund of hedge funds to raise extra assets
Reuters UK- The 129 million-pound Absolute Return Trust, a fund of hedge funds run by Fauchier Partners, is considering issuing new shares to raise assets, the latest hedge fund vehicle to tap the market. The investment trust’s move, announced in […]
Blackstone Appoints New Hilton Head
West Palm Beach (HedgeCo.Net)- Hilton Hotels Corporation and Blackstone Group announced the completion of their merger last week and are now expected to name Host chief executive of Hotels & Resorts Inc Christopher Nassetta as president and CEO, according to […]
Fund Of Resources-Hedge Fund Launch
West Palm Beach (HedgeCo.Net)- The Gibraltar based Sirius Investment Management is launching the Sirius Investment Fund II, a natural resource and mining-focused fund of hedge funds, which will be open to new investment on 1 November. It will invest predominantly […]
Uranium Rises for Third Week as Hedge Funds Return to Market
Bloomberg- Uranium rose for a third consecutive week as speculators rekindled their interest in the raw material in nuclear reactor fuel, said TradeTech LLC, a publisher of price assessments. The metallic element for immediate delivery rose $4, or 5 percent, […]
Facebook in talks with investors
News.com.au – FACEBOOK, the social network website, is holding discussions with hedge funds and private-equity investors to raise $US260 million ($286 million) in financing, the Wall Street Journal reported overnight. The report of the talks for additional funding comes a […]
Thames River to soft-close Warrior hedge funds
CityWire.co.uk- Thames River’s head of fund of hedge funds, Ken Kinsey-Quick, is set to soft-close the group’s Warrior and Warrior II funds. Both funds are approaching the $750 million (£365 million) mark and Thames River has decided to cap them […]
2008 Best Hedge Funds Nominations Now Open
West Palm Beach (HedgeCo.Net)- Quantum Market Research is seeking nominations for the first annual “2008 Best Hedge Funds to Work For Award.” Deadline for nominations is November 15, 2007. Honoredfirms will be profiled in a report published January 2008. Hedge […]
Cartesian bemoans long bias in hedge funds –
Hedge Funds Review Magazine- Investors are being unsuspectingly exposed to long-bias portfolios or high-beta strategies, according to the managers at Cartesian Capital, the Edinburgh-based investment boutique. They believe many managers simply use index futures as the ‘short’ element of their […]
RAB founder welcomes more transparency
Telegraph.co.uk- Philip Richards, head of Northern Rock’s biggest shareholder, says the best solution for the bank would be the least newsworthy one. Listening to the head of one of London’s biggest hedge funds publicly welcoming closer scrutiny of the industry […]
Minimum-Tax Fix May Cost Buyout Firms, Hedge Funds $48 Billion
Bloomberg- House Ways and Means Committee Chairman Charles Rangel said he will propose a $48 billion tax increase on executives of hedge funds and private-equity firms to help pay for curbing thealternative minimum tax this year. The New York Democrat […]