Author Archives: the HedgeCo News Team
Hedge Fund Titans
Todays Zaman- Gottesman, a renowned workaholic, often called each of them over the weekend, but a full staff meeting was unusual. The group buzzed with anticipation about what it might mean. At last, Gottesman, a quietly spoken Israeli-born American, looked […]
Hedge Funds Take On Emerging Political Role
The crossroads of high-finance and politics used to exist only at Wall Street and Broadway. Now there’s a newer investment crowd, less buttoned-down and more likely to be found wearing deck shoes in a Greenwich marina than wing tips in […]
New York Company Launches 5 Funds Of Funds
West Palm Beach (HedgeCo.Net)- New York Life Investment Management announced the creation of the MainStay Retirement Funds. This series will consist of five funds of hedge funds with target retirement dates of 2010, 2020, 2030, 2040 and 2050, respectively. The […]
AIMA Responds on UK FSA
Hedgeco.net – The Alternative Investment Management Association (AIMA), the leading global hedge fund and alternative investment industry association has welcomed the Financial Services Authority’s (FSA) proposal to allow authorised onshore Funds of Alternative Investment Funds (FAIF’s). AIMA strongly believes that […]
Bear Stearns Likely To Face Hedge Fund Lawsuits
Reuters- Investors in two struggling Bear Stearns Cos. hedge funds that made bad bets on risky mortgages will almost surely file lawsuits in hopes of recouping losses, but legal experts say theycould have a tough time proving their case. Already, […]
The Green In Hedge Funds Isn’t All About Money
MarketWatch- The popularity of the environment and all things “green” has not escaped hedge funds: At least three dozen hedge funds are already applying environmental and social screens to the investment process, with more on the way according to industry […]
Don’t Single Out Hedge Funds- Paulson
Business Report- Raising taxes on hedge funds and buyout firms might have “unintended consequences”, warned US treasury secretary Henry Paulson, who said congress should not “single out” firms thatgo public, such as Blackstone Group. Senate legislation would force Blackstone to […]
China’s Economy Expected To Grow 10.8 Percent in 2007: Central Bank
AFP- Growth in China’s economy is expected to expand at a rapid rate in 2007, with inflation ticking higher to 3.2 percent, state media reported Friday, citing the central bank. The nation’s gross domestic product (GDP) should expand 10.8 percent […]
GM Selling Allison For $5.6 Billion
Reuters- General Motors Corp. said on Thursday it will sell its Allison Transmission unit for $5.6 billion to private equity firms Carlyle Group and Onex Corp., sending the automaker’s shares to their highest level in 2-1/2 years. GM shares rose […]
Cash in Hand, Hedge Funds Bail on Big Lots
New York Times- Big Lots, the nation’s largest seller of overstocked and discontinued items and whose fare includes organic plant food made from chicken droppings, is losing its novelty for its hedge fund investors, Bloomberg News reported. New management and […]
New York Hedge Fund Sued
MSN MoneyCentral- The US Securities and Exchange Commission sued New York hedge fund Simpson Capital Management, its owner and its head trader on Wednesday, seeking $57m (£29m) in what regulators sayare ill-gotten gains from improper after-hours trading in mutual funds. […]
Bear Stearns Funds Under Probe by SEC
Washington Post- The Securities and Exchange Commission is examining thenear-collapse of two Bear Stearns hedge funds that made bad bets on the mortgage market. The SEC inquiry is informal and has not resulted in any subpoenas or formal document requests, […]