Author Archives: the HedgeCo News Team
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. […]
SEC’s Cox: ‘Little Systemic Risk’ From Bear Hedge Funds
Dow Jones- U.S. securities regulators see little sign of systemic risk stemming from two troubled Bear Stearns Cos. (BSC) hedge funds, Securities and Exchange Commission Chairman Christopher Cox said Tuesday. At a House Financial Services Committee hearing, Cox was asked […]
Hedge funds tap public markets at what may be peak
Reuters- Investors chasing a wave of hedge fund listings hitting global stock markets may be getting in too late. GLG Partners, one of Europe’s largest, became the latest to cash in on heightened hedge fund interest on Monday, setting the […]
Hedge Funds Cashing Out of Big Lots Shares After Price Doubles
Bloomberg- Big Lots Inc., the largest U.S. seller of overstocked and discontinued items, has an online Wild and Wacky Find museum where customers can submit items they stumble upon while shopping at the company’s stores. There’s Chick A Poo Organic […]
Hedge Fund Combines With Freedom In $3.4 Billion Dollar Deal
West Palm Beach (HedgeCo.Net)- Hedge fund manager GLG Partners announced that it plans to access the public markets through a reverse acquisition transaction with Freedom Acquisition Holdings, Inc. This transaction values GLG at approximately $3.4 billion, in order to finance […]
Yorkville Advisors Opens Israel Office
HedgeCo.net – June 27, 2007 – Yorkville Advisors LLC, the investment manager to Cornell Capital Partners — a private investment firm that specializes in structured finance and direct investments –today announced the launch of an Israeli operation as part of […]
Independent Valuation And Hedge Fund Risk Control
West Palm Beach (HedgeCo.Net)- Recent financial statistics have shown that pension plans are beginning to out-pace high net individuals with respect to hedge fund investing. At the same time, sub-prime funds struggle in the aftermath of blow-ups such as Amaranth […]
U.K. Hedge Fund Eyes U.S. Float
Street.Com- Political resistance and shakiness in the credit markets are not preventing hedge funds and private equity from sussing out ways to tap the U.S. public equitymarket. U.K.-based hedge fund GLG Partners is selling 28% of itself in a reverse […]
Larger hedge fund managers seek independence from prime brokers
Financial News Online US-The hedge fund business is becoming more institutionalised by the day. As assets increase, some funds are looking to cut their financing ties with prime brokers by raising their own permanent capital, building in-house reporting and administration […]
Ashurst in bid for hedge funds
The Lawyer- Ashurst is set to target activist hedge funds in a move it hopes will give it first-mover advantage in the evolving M&A landscape. Ashurst’s new strategy sets it apart from other City firms, which have been wary of […]
Hedge Fund Sells For $3.4 Billion
Hartford Courant- GLG Partners LP, one of Europe’s largest hedge funds, said Monday it is selling itself in a $3.4 billion reverse takeover that will give it access to the U.S. stock market. Under the terms of the deal with […]
US Two-Year Notes Gain First Time Since April on Hedge Funds
Bloomberg- Treasury two-year notes rose for the first time since April as investors sought refuge from possible hedge fund losses. Two-year yields fell more than 10-year yields this week, increasing the yield premium of the longer-term debt to the most […]