Author Archives: the HedgeCo News Team
Cerberus taps Nardelli to run Chrysler
Reuters- Cerberus Capital Management on Monday named former Home Depot Inc. Chief Executive Robert Nardelli as chairman and chief executive of Chrysler LLC in an executive shake-up just after the private equity firm completed a deal to acquire the struggling […]
U.S. Senate report faults SEC on hedge fund probe
WASHINGTON (Reuters) – The Securities and Exchange Commission mishandled an investigation of suspicious hedge fund trading that led to the 2005 firing of an SEC attorney, a U.S. Senate report says. The report from the Senate Finance and Senate Judiciary […]
Aima appoints Baker to fight UK hedge fund clampdown
The hedge fund trade body AIMA has lured a high-level executive from the industry to take up the newly created role of deputy chief executive, in a move to head off a threatened regulatory and tax clampdown of the $1.6trillion […]
Funds raise interest in weather futures
International Herald Tribune- Patrick Ayash, a trader at Credit Suisse Group, rarely reads earnings estimates and just skims news about inflation. One thing he never misses: the daily weather report. Ayash, 31, is part of an army of mathematicians, hedge […]
Hedge Funds Luring Away Prospective Microsoft Talent
The biggest challenge facing Microsoft today is making sure that it has enough qualified, capable, talented people who can continue to scale with the company. But the Redmond, Wash., software maker is facing competition for those resources from an unexpected […]
US hedge funds likely lost big in July
Reuters- Hedge fund investors will soon see just how bad the month of July really was when thousands of managers report performance data, and industry experts are warning disasters may loom where people least expect them. “The numbers are going […]
FACTBOX-Hedge funds in trouble
Reuters- Problems in the credit markets coupled with a sharp drop in equity markets have affected many hedge fund returns. As managers in the loosely regulated $1.75 trillion industry total up July numbers, speculation mounts that more funds could be […]
Austrailan Funds Suffer Losses
West Palm Beach (HedgeCo.Net)- Australia’s Macquarie Bank this week warned retail investors with positions in two of its high yield investment hedge funds are set to suffer losses of up to 25 percent. In comes as the U.S. sub prime mortgage market […]
Singapore Hedge Fund Asia Genesis Shifts Some Holdings to Cash
Bloomberg- Asia Genesis Management, a hedge fund based in Singapore that manages about $450 million, has increased cash holdings to 95 percent of its assets as losses from U.S. subprime mortgagesspread. “This is not the time to take more risk,” […]
Hyerdale Capital Has Launched Its First Hedge Fund
WEST PALM BEACH, FL (www.hedgeco.net) – Hyerdale Capital has launched its first hedge fund, Hyerdale Capital,LP. The fund began trading on June 8, according to the firm, and is a domiciled in Delaware. Hyerdale Capital employs a long/short equity […]
Hedge funds clash over question of value
FT Alphaville- Bitter disputes are developing behind the scenes in the hedge fund industry about the way funds are valuing some assets for their end-of-month performance reports – and these tensions could delay awaited performance reports on the net asset […]
Battle over ban on hedge fund ads heats up
MSN MoneyCentral- The long-standing rule against hedge funds advertising is facing its first significant test, as the industry awaits a ruling on whether a hedge fund manager broke the law by e-mailing performance data in response to a query sent […]