Author Archives: the HedgeCo News Team

Raleigh News & Observer –  A small Triangle company has accused a group of hedge funds of scheming to manipulate its stock for profit. Cyberlux, a Research Triangle Park company that designs and makes lighting, has sued the hedge funds, […]

Cay Compass -A US bankruptcy court ruling last week concerning two failed hedge funds incorporated in the Cayman Islands could have implications for other troubled hedge funds incorporated off–shore. The court ruled the two hedge funds could not protect themselves […]

New York Times – For hedge funds, July, it seems, was the cruelest month. Until the August figures are released. Hedge funds, with a combined $1.9 trillion in assets, in July posted the largest drop in investments in seven years, […]

Times Online – Charlie McCreevy, the European Internal Market Commissioner, said yesterday that hedge funds had been particularly active in troubled structured credit markets, but absolved them ofany blame for this summer’s financial turbulence. Conceding that many hedge funds and […]

International Herald Tribune – The German finance minister, Peer Steinbrück, said Tuesday that turmoil in credit markets might have made officials in the United States and Britain more willing toconsider a code of conduct for hedge funds. “In light of […]

Bloomberg- Seth Tobias, the managing member of hedge-fund firm Circle T Partners LP and a financial-news commentator, was found dead yesterday in the pool of his Florida mansion, police said. He was 44. Tobias was discovered by his wife, Filomena, […]

LONDON (Thomson IM) – The USA and UK are likely to change their stance on hedge fund transparency regulation in view of the recent market turbulence, the German finance minister Peer Steinbrueck said at a conference. The minister stressed in […]

Telegraph.co.uk- Hedge funds suffered their worst month of redemptions in seven years in July after some $55bn (£27.4bn) was withdrawn by jittery investors concerned by lowered returns amid the global credit crunch. The sector, until recently seen as one of […]

Newsweek- Demanding further intervention from the Federal Reserve to protect their endangered fortunes, thousands of the nation’s leading hedge-fund managers marched on Washington today.’ Dubbed “The Million Mercedes March,” the protest was said to be the largest chauffeur-driven demonstration in […]

Reuters – Franklin Templeton Investments, which manages $621 billion in assets, has bought 25 percent of Dubai’s Algebra Capital Ltd and wants to grow its business in Arab markets, it said on Tuesday. Franklin Templeton is a unit of Franklin […]

Worldnews.com=  Hedge funds in steel giant Arcelor asked a Dutch court on Wednesday to block the company’s 30 billion ($40 billion) takeover by Mittal Steel, saying that a revised share swap deal has cost them $205 million. “We are only […]