Author Archives: the HedgeCo News Team
Federal Reserve moves to stop Credit Crunch
HedgeCo.Net- In September, according to the Credit Suisse/Tremont Hedge Fund Index, the U.S. Federal Reserve moved to stop the spreading Credit Crunch from further impacting the global economy with a half-percentage-point cut in interest rates. Overall, the market environment has […]
New Credit Suisse/Tremont Hedge Fund Index Research Signals Rebound
Forbes – Credit Suisse Index Co., Inc., today said its latest industry research signals a rebound for Equity Market Neutral hedge funds that use statistical arbitrage techniques. The new commentary, A Quantitative Rebound?, examines the effects of recent market turmoil, […]
Hedge funds pushed for more transparency as downturn raises
Finance Week – A Working Group supported by the major London-listed hedge funds has proposed tighter self-regulation – including fuller disclosure of who owns them, where they have invested their money, what strategies they follow and what their holdings are […]
Banks plan fund to revive market
BBC Business – The unusual move, which includes Bank of America and JP Morgan, aims to boost confidence in and prevent a further sell-off of such investments. Such a sell-off would force banks,brokerages and hedge funds to write down the […]
Hormones and Hedge Funds
A junior trader at one of the world’s largest hedge funds, SAC Capital, is suing the company. Andrew Tong alleges that his boss Ping Jiang––the two men are 37 and 41 years old, respectively––forced him to take estrogen hormone pills […]
Yankees’ Posada, Cubs’ Soriano Take a Cut at Hedge Fund Pitch
Bloomberg -Oct. 15 (Bloomberg) — Now that their teams are out of the Major League Baseball playoffs, New York Yankees catcher Jorge Posada and Chicago Cubs outfielder Alfonso Soriano may turn theirattention to a new hedge fund investment. The star […]
MPC Investors Opens Up Fourth Hedge Fund To Investors
MPC Investors (MPC) today announced they are opening their discretionary macro hedge fund, the MPC Strategic Opportunities Fund, to external investors. This follows the successful $900m launch of the MPC Samsara hedge fund in September 2007. The MPC Strategic […]
FASB To Decide Whether to Delay FAS 157, Fair Value Measurement
FASB announced that among issues to be discussed at this Wednesday’s FASB board meeting, it will consider an “Agenda decision” on whether to defer the effective date of FAS 157, Fair ValueMeasurement. In its October 1, 2007 comment letter, the […]
BusinessWeek Cover Story
BusinessWeek – Ralph R. Cioffi seemed as cool and confident as ever. The market for subprime mortgages was crumbling, but the 51-year-old manager of two Bear Stearns ( BSC ) hedge funds offered nothing but reassurances to investors. “We’re going […]
Gordon Asset Management FOHF Nominated for 2007 HFMWeek US Awards
New York – October 11, 2007 – Gordon Asset Management LLC, a New York based investment firm serving qualified private and institutional investors, announced today that AIJED Associates LLC has been nominated for HFMWeek’s 2007 US Hedge Fund Performance Awards […]
Hedge funds take legal steps against UniCredit
Reuters- Leading Italian bank UniCredit was notified on Thursday of a legal action brought against it by some hedge funds that are minority shareholders of its German unit HVB, UniCredit said in astatement. The legal action was also directed at […]
Andy Warhol-Based Fund Says Art Boom To Go On
Reuters- A hedge fund that invests in prints by Andy Warhol, the pop artist known for his brightly colored paintings of Campbell soup cans, is betting the boom in the art market will continue because of increasing global wealth. The […]