Author Archives: the HedgeCo News Team
Hedge funds take more than a trim
Daily Telegraph- Masters of the Universe. The new investment bankers. Hedgies. Whatever name you choose to describe hedge fund managers, it is always a positive one. That was until last Thursday,when trading screens turned red across the globe and the […]
Sebi to register hedge funds as FIIs
Economic Times- When the dust raised by the subprime fiasco settles, hedge funds will have the option to trade directly in India. Capital market regulator Sebi has decided to allow hedge fundsto register directly as foreign institutional investors (FIIs). “We […]
Markets plunge around the world
Times Online- London’s leading blue-chip stocks sank to levels not seen in nearly a year today, on the back of heavy selling overnight in the United States and Asia after the credit crunch sparked fresh concern. The benchmark FTSE 100 […]
Merkel’s cabinet passes transparency rules for hedge funds
International Herald Tribune- The cabinet of Chancellor Angela Merkel of Germany on Wednesday approved new transparency rules for private equity and hedge funds, backing away from an earlier pledgeto reduce investment barriers. The measures would become law next year if […]
SEC settles actions against 2 hedge funds advisers
Reuters- The U.S. Securities and Exchange Commission said on Wednesday it has settled with two hedge fund advisers, one for so-called “soft dollar” arrangements and another for failing to filedisclosure documents. Schultze Asset Management LLC (SAM) has agreed to pay […]
Hedge Funds Sail On, Despite the Storm
New York Times- As many hedge funds were nursing deep losses and bracing for a possible wave of redemptions this week, members of the Connecticut Hedge Fund Association were popping open champagne bottles. What’s to cheer about? Securing first place […]
Hedge funds acquire 25 pct of OMX
Thomson Financial- Hedge funds have acquired about 25 pct of OMX AB ahead of an expected takeover battle for the Nordic market operator between Nasdaq and Borse Dubai, the Financial Times reported. The funds’ presence paves the way for a […]
AQR raises $1 bln new cash for hedge funds
Reuters- AQR Capital Management LLC, one of the world’s largest hedge fund managers, has received commitments from new and current investors to pump about $1 billion into several of its funds, theWall Street Journal reported on Tuesday, citing an unnamed […]
Hedge funds prepare for mass redemptions
Financial Times- For anyone worried hedge funds could spark another market crisis, Wednesday is a red letter day: the final chance for investors to put in demands for their money back by the end of September at many funds using […]
Hedge fund ordered to pay bonuses
Minneapolis Star Tribune- A Hennepin County district judge has ruled that a hedge fund operated by former Vikings co-owner Jim Jundt and his son Marcus must pay the fund’s former star manager nearly$2 million in unpaid bonuses. Last week, Judge […]
US takes look at hedge funds and a tax perk
Wall Street Journal- U.S. lawmakers are examining yet another tax perk enjoyed by hedge funds: Many of these funds lend money like banks, but unlike traditional lenders, often don’t pay U.S. taxes onthe profits. Hedge funds, which control liquid pools […]
Goldman puts up $2bn after its hedge funds fall by one-third
The Independent- Goldman Sachs has been forced to pump $2bn (£1bn) of its own cash to bail out its in-house hedge funds, after they lost $3bn in a single week. The investment banking titan said that its biggest funds would […]