Author Archives: the HedgeCo News Team
Crisis For New Class Of Funds
New York Post- Hedge-fund executives say the next blow to hammer their industry will likely come from a wave of hedge-fund redemptions driven by highly-levered funds that invest in other hedge funds. One bellwether of how this may play out […]
Northern Rock suitor JC Flowers raises £15 billion: report
CityWire.co.uk- Private equity group JC Flowers has raised £15 billion for a possible takeover of Northern Rock after viewing the ailing mortgage bank’s data room last week, the Financial Times has reported without naming sources. Northern Rock shares jumped 9% […]
September 2007 figures for the Dow Jones Hedge Fund Strategy Benchmarks
Four of the six strategies covered by Dow Jones Hedge Fund Indexes posted net-of-fees gains in September, and five of the six strategies ended the third quarter in positive territory for the year. Equity long/short, the best performer of the […]
Rubinstein & Rubinstein Launch Alternative Offshore Fund
West Palm Beach (HedgeCo.Net)- Rubinstein & Rubinstein, LLP has launched an offshore alternative investment fund practice which has seen a great deal activity in the past few months. Taking advantage of a tax treaty between the United States and a foreign government, […]
Reuters Hosts Solution for Hedge Fund Trading in Singapore
West Palm Beach (HedgeCo.Net)- Reuters and BT announced the launch of the lowest latency Proximity Hosting Solution for hedge funds trading on the Singapore Exchange Limited. Rama Pillai, Senior Vice President of Intermediaries and Market Access at SGX said, “The […]
M.Stanley, JP Morgan ex-execs to launch hedge funds
Reuters UK- Recent volatility and slumping returns in the hedge fund industry have not dampened the appetite for new funds founded by former investment bankers from firms such as JPMorgan Chase to Merrill Lynch & Co. The new funds are […]
London & Capital looks to raise $1 bln-plus in U.S.
Reuters- London & Capital Group, a $3 billion fund that invests in hedge funds, said on Monday its U.S. arm could raise more than $1 billion by 2009 in six new investment vehicles aimed at European markets. The London-based hedge […]
Goldman makes $370m after saving its black box hedge fund
Times Online- Goldman Sachs is understood to have made a profit of $370 million (£181 million) from the rescue last month of its imploding “black box†hedge fund Global Equity Opportunities. Goldman injected $2 billion of new equity into the […]
Alternative Investor Partners With Former Head Currency Trader at Tudor
West palm Beach (HedgeCo.Net)- Alternative investor Last Atlantis Capital Management and Jerry Considine, former head currency trader at Tudor Investment, have partnered to introduce LACM Foreign Exchange, Share Class W within the Last Atlantis Partners Fund. The share class will be […]
STOXX Further Expands Its Strategy Index Series
ZURICH (October 2, 2007)- STOXX Ltd., the leading European index provider, today launched 18 new sector indexes that will replicate a short investment strategy. The new indexes are based on the Dow Jones STOXX 600 Supersector Indexes, which represent the […]
Hedge funds stage recovery with September returns
Financial News Online US- Hedge funds shrugged off a disappointing August and made money again last month – though funds trading in credit continued to feel the impact of thecredit squeeze. The industry generated a positive return for investors of […]
Hedge fund assets soar to almost $2500bn
MSNBC- The global hedge fund market grew by about a fifth to almost $2,500 billion (£1,250 billion) in the first half of this year. Assets under management in global hedge funds reached $2.48 trillion in July, according to research out […]