Author Archives: the HedgeCo News Team
UK Hedge Fund Puts $91 Million In US’ Northern Trust
New York (HedgeCo.Net)- UK fund of hedge funds Gottex Market Neutral Trust Limited has announced that Chicago based multi-bank Northern Trust has been selected to provide custody and fund administration services to £45.35 million pounds Sterling (approximately $91 million). The […]
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 […]
Hedge Fund Investors Call For Independent Commitee
New York (HedgeCo.Net)- Two hedge fund shareholders with major stakes in TD Ameritrade Holding Corp, JANA Partners LLC and SAC Capital Advisors LLC, today sent a letter to Ameritrade’s Board of Directors questioning their recent announcement regarding the exploration of […]
Private Equity Squeezes the Shorts
BusinessWeek- t has never been more popular to bet against stocks. Once the realm of a few specialists, the financial alchemy of turning a garbage stock into gold by shorting it has moved into themainstream: The strategy is now employed […]
Singapore’s Chinatown New Home For Hedge Funds
Reuters UK- Hedge fund managers around the world have clustered in locations with character, such as leafy Greenwich, Connecticut in the U.S. and the stately Mayfair neighbourhood in London. The latest focal point for hedge funds is Singapore’s picturesque Chinatown, […]
Blackstone and Management Team to Acquire Intelenet in an MBO Structure
Forbes- Intelenet Global Services Pvt Ltd (Intelenet) has agreed to be acquired by an affiliate of The Blackstone Group and the management team, subject to regulatory approval. Intelenet today announced its intention for a management buy-out (MBO) that will see […]
Stenham Asset Management passes the USD 2 billion assets under management mark
HedgeCo.net – New York – Stenham Asset Management has reached an important milestone as funds under management now exceed US$2billion. Stenham has been constructing diversified hedge fund portfolios via managed accounts and funds of funds with an emphasis on downside […]
Bad Loans Pit Vranos Against Cayne as Hedge Funds Outbid Street
Bloomberg- James E. “Jimmy” Cayne helped make Bear Stearns Cos. the mortgage king of the securities industry by packaging home loans into bonds and selling them to clients like Michael Vranos. Now Vranos, who manages $29 billion at Ellington Management […]
ABN Expects to Raise $500 Million in Asia for Commodity Funds
Bloomberg- ABN Amro Holding NV, the biggest Dutch bank, expects to sell $500 million of commodities products to investors in Asia this year, about five times more than 2006, driven by demand frominsurance companies and money managers. The products will […]
Activist Fund Third Point Plans London IPO
Reuters- U.S. hedge fund Third Point said on Thursday it plans an initial public offering in London to raise about 500 million euros (337 million pounds), bringing one of the most aggressive activistinvestors to Europe. Daniel Loeb, the firm’s chief […]
Hedge Fund Indice Up For May 2007
New York (HedgeCo.Net)- The RBC Hedge 250 Index for the month of Mat, 2007, had a net return of 1.70%. This brings the year-to-date return of the Index to 6.35%. These returns are estimated and will be finalized by the […]
Lifting the Lid: Hedge Funds Stay Under SEC’s Radar
Reuters- Hedge funds are flouting one of the few U.S. disclosure regulations applying to them. But instead of punishing them, the U.S. Securities and Exchange Commission may scrap one of the rules to make it more palatable for the funds, […]