Author Archives: the HedgeCo News Team
Red Kite Metals Lost 20% in August
Bloomberg- Red Kite Metals, the world’s largest hedge fund dedicated to metals, tumbled about 20 percent last month as the $2.5 billion Touradji Capital Management LP commodities fund gained. The decline at Red Kite, co-founded by Michael Farmer, extends its […]
Legal Search Firm Hires Hedge Fund Specialist
West Palm Beach (HedgeCo.Net)- Lucas Group announced today in a press release that Todd Caissie has joined as the new Managing Partner of the New York Legal Executive Search office. Caissie brings nine years of recruiting experience to his new […]
TS Launches Second Fund After First Success
Single manager hedge fund ThinkStrategy Capital Management LLC. today announced the launch of the TS Multi-Strategy Fund LP Class B. The new class is an unleveraged version of an existing and successful TS Multi-Strategy Fund LP Class A and will […]
Proskauer Rose Hires Hedge Fund Lawyer
West Palm Beach (HedgeCo.Net)- According to a statement released today, hedge fund and private equity lawyer Timothy M. Clark has joined the New York office of Proskauer Rose LLP as a partner, continuing the expansion of the firm’s significant private […]
Bear Stearns appeals ruling on failed hedge funds
Reuters- Representatives of two failed Bear Stearns Cos Inc hedge funds on Tuesday appealed a U.S. federal bankruptcy court ruling that required them to be liquidated in U.S. courts and not in theCayman Islands, as the fund’s directors prefer. Holding […]
Pirate Capital Bars Withdrawals From Two Activist Hedge Funds
Bloomberg- Pirate Capital LLC, the hedge-fund manager run by Thomas Hudson, barred withdrawals from its two Jolly Roger Activist funds after the firm’s assets declined by almost 80 percent in thepast year. Pirate designated the four stocks held by the […]
Biovail Plans to Pursue Lawsuit Against Hedge Funds
Bloomberg- Biovail Corp., the Canadian maker of the antidepressant Wellbutrin XL, plans to pursue a lawsuit against a group of hedge funds it accuses of driving down its share price after settling aseparate case. Biovail, based in Mississauga, Ontario, said […]
Barclays plans to launch Islamic hedge funds
Reuters- Barclays Capital plans to launch hedge funds that comply with Muslim law, the latest attempt to marry huge demand for Islamic investments with the returns of hedge funds. The bank and its partner, U.S.-based Shariah Capital Inc, on Monday […]
Banks likely to scoop up smaller hedge funds
Financial News Online US- The hedge fund industry is ripe for consolidation, particularly through acquisitions by larger rivals and financial institutions keen to strengthen or broaden their services, according to a survey. The growth in the number of hedge funds […]
‘Merle Hazard’ sings the hedge-fund blues
USA Today- Nashville singer Merle Hazard knows a thing or two about loss  financial loss, that is. Hazard, a down-home country crooner  an “alter ego” of a Music City investment guru with an aptitude for price-earnings ratios, put […]
Bluecrest to shut $500M hedge fund
MarketWatch- One of the U.K.’s largest hedge fund managers has closed a fund with assets of more than $500 million (EUR360 million) as market conditions continue to buffet the sector. BlueCrest Capital Management, with almost $12 billion of assets under […]
Merkel and Sarkozy Discuss EU Hedge Funds
West Palm Beach (HedgeCo.Net)- At an informal meeting yesterday in Meseberg, Germany, French President Sarkozy took a tough line on “financial speculators”, such as hedge funds, who should not be allowed “to destroy an entire international system”. He added: “We […]