Author Archives: the HedgeCo News Team

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our 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 […]