Author Archives: the HedgeCo News Team
Hedge fund, pipeline owner fixed gas prices, FERC alleges
Los Angeles Times- U.S. regulators on Thursday charged defunct hedge fund Amaranth Advisors and pipeline operator Energy Transfer Partners with manipulating natural gas markets and proposed $458million in penalties. The Federal Energy Regulatory Commission, in its first enforcement action using […]
P-Solve Alternative Investments Strengthens Team
P-Solve Alternative Investments (“PAIâ€Â), a $375m* fund of hedge funds manager, today announced the return of Dr Lee McCulloch-James as Quantitative Risk Manager. Mr McCulloch-James rejoined the PAI team on 13 July 2007. He will report to Jabir Sardharwalla, Chief […]
Who would lend to a hedge fund?
Reuters- The current brutal conditions in markets from mortgages to corporate loans should be giving banks good reason to think long and hard about their loans to hedge funds. And if they do, watch out, because it would kick one […]
Absolute Capital hedge fund suspends withdrawals
International Herald Tribune- Absolute Capital Group, an Australian hedge fund that invests in collateralized debt obligations, or CDOs, suspended withdrawals from two of its funds Thursday afterforecasting losses resulting from a rout in U.S. subprime mortgages. The firm froze its […]
Money still flowing into hedge funds
Reuters- Investors continue to flock to hedge funds, with near-record amounts of new money flooding into the industry in the 2007 second quarter, an industry tracker reported on Monday. Investors poured some $58.7 billion (28.4 billion pounds) into the lightly […]
Credit market troubles hit two more funds
Financial Times- Absolute Capital, an Australian hedge fund group that invests in collateralised debt obligations, has temporarily suspended redemptions for two of its funds, becoming the latestcasualty of the crisis engulfing the US subprime mortgage market. Absolute’s Yield Strategies Funds […]
Public Pension Systems Betting on Hedge Funds
Washington Post- Determined to keep its promise to the state’s public employees, teachers, police officers and firefighters, the Montana pension system may venture into a high-stakes corner of the investment world: hedge funds. The idea was proposed in two recent […]
Hedge funds could scupper Fortis
Reuters- Hedge fund shareholders of Belgian-Dutch bank Fortis may yet scupper its ambition to buy parts of Dutch bank ABN AMRO because blocking the bid could boost the price of Fortis stock, fund managers said. Fortis has joined with Royal […]
The Expanding Hedge Fund Practice Of Finn Dixon & Herling
West Palm Beach (HedgeCo.Net)- Finn Dixon & Herling LLP announced today that they have significantly expanded their hedge fund practice. The law firm recently made a number of lateral hires, resulting in what is believed to be the largest hedge […]
Trader for former hedge fund fights effort by regulators
The chief energy trader for collapsed hedge fund Amaranth Advisors LLC is fighting an effort by federal energy regulators to investigate his trading of natural gas contracts. Brian Hunter, former head of energy trading for Amaranth Advisors LLC, which collapsed […]
Legg Mason Profit Rises 22% as Hedge-Fund Fees Triple
Bloomberg- Legg Mason Inc., home of money manager Bill Miller, said fiscal first-quarter profit rose 22 percent as fees from hedge-fund unit Permal Group more than tripled. Net income in the quarter ended June 30 increased to $191 million, or […]
Law Firm Considering Legal Action Against “Bear Funds”
West Palm Beach (HedgeCo.net)- The Law Firm of Klayman & Toskes, P.A. announced that it is investigating the possibility of taking legal action against Bear Stearns & Co., Inc on behalf of investors who lost money in the Bear Stearns High-Grade […]