Author Archives: the HedgeCo News Team
Rescue Bid for Wall Street Hedge Funds
Times Online- Blackstone, the US private equity group, was locked in rescue talks last night with a dozen lending banks, including Bear Stearns, to prevent the collapse of two hedge funds thatcontrol investments of about $20 billion (£10 billion). Bear […]
Hedge Funds Run By Women Do Well
Reuters Italia- Investors looking for better performing hedge funds may want to try putting their money into portfolios run by women or minorities, a new industry benchmark launched on Wednesday shows. The HFRX Diversity Index tracks returns at firms owned […]
Congress Weighs End to Tax Break for Hedge Funds
New York Times- Leaders of the tax-writing committees in Congress are considering a new proposal to end a little-known tax break that has allowed wealthy financiers who run private equity firms and hedge funds to cut their total income tax […]
Hedge Fund Contracts Acquisitions Group For Billion Dollar Project
New York (HedgeCo.Net)- New York hedge fund Fairhills Capital has entered into a contract with Corporate Acquisitions Group to identify, contract, and manage the process of acquiring up to $1 billion in private companies in the food service industry sector. […]
Pension Investment in Hedge Funds Rises
Financial News Online US- Institutional investment represents 25% of large hedge funds’ assets, according to a report which comes as corporate and public pension funds continue to allocate more money to the sector. Corporate and public pension funds account for […]
Merrill may be poised to sell hedge fund assets
Boston Globe – –Merrill Lynch & Co. will proceed with a plan to sell about $800 million of bonds from a money-losing hedge fund run by Bear Stearns Cos., a day after delaying a similar auction, people with knowledge of […]
Bear Stearns Hedge Funds Near Shutting Down
Reuters- Two Bear Stearns Cos. hedge funds that invested heavily in securities backed by subprime mortgage loans are close to being shut down as a rescue plan is falling apart, The Wall Street Journal Online reported on Wednesday. Merrill Lynch […]
BlackRock Sets Sights on Hedge Funds
Financial News Online US- BlackRock said it will buy small stakes in startup hedge funds as traditional fund companies try to replicate the flourishing returns from alternative asset managers. BlackRock executive Howard Berkowitz, who heads the asset manager’s hedge fund […]
Hedge Fund Citadel Licensed to Operate in Bermuda
New York (HedgeCo.Net)- Hedge fund Citadel Solutions LLC announced today that the Bermuda Monetary Authority has approved their new branch, making Citadel Solutions Bermuda Ltd. the first company licensed by the BMA to provide administration services to hedge funds. Effective […]
HedgeFunds; Event-Driven Hedge Funds See Record Inflows
MarketWatch- Event-driven and short-selling hedge funds pulled in a record amount of money during the first quarter, according to a report released by Lipper on Monday. Event-driven managers saw record net inflows of $9.83 billion in the quarter and now […]
Europe’s Biggest Hedge Funds To Study Voluntary Code Of Practice
LONDON (Thomson Financial)- Europe’s biggest hedge funds have recruited former Bank of England deputy governor Sir Andrew Large to lead a study into voluntary standards for the industry in an attempt to head off pressure for greater regulation, the Financial […]
Reuters Launches Risk Management Interface For Hedge Funds
New York (HedgeCo.Net)- Reuters has announced the launch of a new risk management solution for the hedge fund industry. According to the press release, “Risk management is now vital to hedge funds as they trade an ever broader set of […]