Author Archives: the HedgeCo News Team
Stonebrook Capital Adds General Counsel
HedgeCo.net (New York) – Stonebrook Capital Management LLC (“Stonebrookâ€Â), a leading alternative investment firm specializing in Alternative Beta solutions, today announced that Paul A. Freilich has joined the firm as General Counsel. In this newly created position, Mr. Freilich, 46, […]
UBS Ousts Chief Wuffli, Appoints Rohner as Successor
Bloomberg- UBS AG, buffeted by three quarters of declining earnings and losses at one of its hedge funds, replaced Peter Wuffli as chief executive officer of the world’s biggest money manager. Marcel Rohner, the Zurich-based company’s deputy CEO, will succeed […]
Hedge funds face subprime `haircut´
MSNBC- Investment banks are demanding more capital to back loans to hedge funds investing in US subprime mortgage-linked debt, as they try to head off a repeat of the near-collapse of two Bear Stearns hedge funds. The “haircut”, or margin […]
Hedge fund hearing set
CNNMoney.com- Hedge funds will come under scrutiny next week when two separate House panels hold hearings on the government’s oversight of the lightly regulated industry. House Financial Services Committee Chairman Barney Frank, D-Mass., on Thursday said he will hold a […]
New Star to launch property hedge fund
Reuters- New Star Asset Management said on Wednesday it was planning to launch a property securities hedge fund in the last quarter of 2007 with a capacity to short as well as buy the market. New Star (NSAM.L: Quote, Profile, […]
SPARX Group Debuts China Fund of Funds
HedgeCo.net – SPARX Group Co. Ltd.’s Fund-of-Funds unit today announced the launch of a new strategy targeting hedge funds focused on Greater China. The strategy, which has been seeded with US$25 million by a pension fund, will be overseen locally […]
UAE investment firm offers funds just for women
Reuters Life- United Arab Emirates investment firm Forsa is hoping to tap the largely overlooked market of wealthy Gulf Arab women with the launch of funds worth 250 million dirhams (34 millionpounds) open to female investors only. Women in the […]
Buyout firm KKR files for $1.25 billion IPO
Reuters- KKR & Co., the prominent U.S. buyout firm that pioneered the leveraged buyout industry, filed with regulators on Tuesday to raise up to $1.25 billion (620 million pounds) in an initialpublic offering. The planned IPO follows last month’s high-profile […]
Off-Ziff Hedge Fund Files To List Class A Shares On NY Stock Exchange
West Palm Beach (HedgeCo.Net)- Hedge fund Och-Ziff Capital Management Group announced that it has filed a registration statement with the SEC for a proposed initial public offering of its Class A shares, representing Class A limited liability company interests. The […]
ABN Amro introduces structured fund of hedge funds
Asian Investor- ABN Amro and Kenmar team up to create a range of hedge fund products focused on the sustainable investment sector. ABN Amro is set to create a series of structured fund products built around a fund of hedge […]
United Capital hedge funds not liquidating despite losses
Reuters- United Capital Asset Management said on Tuesday it will continue operating its Horizon Strategy group hedge funds that invested in subprime-mortgage bonds after temporarily halting paymentsto investors. The company said it received an unusually high number of redemption requests […]
Renaissance to launch new fund
MSN MoneyCentral- Renaissance Technologies, one of the world’s biggest and best performing hedge fund groups, plans to launch a managed futures fund with a capacity of $25bn, an unusual foray into aninvestment strategy that has been underperforming. Renaissance was founded […]