Author Archives: the HedgeCo News Team
Judge extends bankruptcy protection for 2 Bear Stearns hedge funds
CNBC- A federal judge on Monday barred investors from seizing the assets of two Bear Stearns Cos. hedge funds for 10 days, but indicated he is considering lifting the funds’ U.S. bankruptcyprotections. Judge Burton Lifland of the U.S. Bankruptcy Court […]
BNP to reopen frozen funds in subprime blizzard
PARIS (Reuters)- BNP Paribas said on Thursday it would reopen next week three investment funds it had frozen this month amid subprime volatility in a step that may help restore investor confidence,which took a hit on their suspension. Chief Executive […]
Hedge Fund Numbers in Japan Grow as Stocks Languish
Bloomberg- Hiromichi Tsuyukubo ran the best- performing fund in Japan at Mitsubishi UFJ Asset Management Co., an arm of the nation’s biggest lender. Then, after six years, he decided to join a hedgefund. “Back at my old job, I couldn’t […]
Dutch judge refuses hedge funds’ request to block Mittal-Arcelor steel merger
International Herald Tribune- Courts in the Netherlands and France refused Monday to grant injunctions blocking the €30 billion (US$41 billion) merger between steel giants Mittal Steel Co. NV andArcelor SA. Legal actions launched in Rotterdam by three hedge funds and […]
Iraqi Hedge Fund Escapes Market Turmoil
West Palm Beach (HedgeCo.Net)- Iraqi hedge fund `The Babylon Fund´ announced today that they successfully managed to steer away from the general global financial meltdown seen lately. Babylon’s winning streak continued during July (and further into August) with a rise […]
Hedge-funds operator sued
Denver Post- Colorado Securities Commissioner Fred Joseph has filed a fraud lawsuit in Denver District Court against a Colorado Springs man who ran two hedge funds worth $3 million. The complaint alleges Brian J. Peterson abandoned the operation, leaving 30 […]
Australian Hedge Fund Up $20 Million
West Palm Beach (HedgeCo.Net)- HFA Holdings, an Australian hedge fund manager that manages more than $3 billion, announced a surge in annual profit, and says the outlook is very positive. Paul Jensen, cheif Executive at HFA, said the outlook for […]
Hedge Fund $400m Loss
Boston Globe- James Pallotta, Boston’s highest-paid hedge fund manager and a part owner of the Boston Celtics, told investors in his $8.5 billion Raptor fund yesterday that some of the investments in the fund were “simply crushed” by the market […]
Hospital Eyes Hedge Funds
The Free Lance Star- MediCorp Health System may start investing in “alternative investments” including hedge funds, an executive for the Fredericksburg nonprofit said. MediCorp’s board of trustees will likely vote on that issue later this year, said Chief Financial Officer […]
Hedge Fund Company Launches Real Estate Marketing Tool
West palm Beach (HedgeCo.Net)- Hedge fund backed Terablitz recently announced the launch of Terabitz Home Snapshots, which, according to the company, “Give the real estate professional an innovative solution that enables them to more effectively build their client base, and help […]
Top banker at Barclays quits amid funds crisis
Belfast Telegraph – The credit crunch has claimed its first high-profile resignation in the UK with the departure of Barclays’ head of European collateralised debt obligations (CDOs), the explosive debt products that have helped to cause the meltdown. Edward Cahill, who […]
Nobel economist Merton to open new hedge fund
Reuters.uk- Robert Merton, the Nobel Prize winner who co-founded the failed hedge fund Long-Term Capital Management, said his new firm plans to start an asset management business and open newhedge funds. Trinsum Group, the firm created when Merton’s Integrated Finance […]