Author Archives: the HedgeCo News Team
HEDGE FUNDS Lampert took big stake in Citigroup: SEC filing –
MarketWatch- Hedge fund manager Eddie Lampert has taken a stake valued at about $800 million in Citigroup Inc., a move that is driving up the stock and increasing speculation he may lead the charge for a break up. Lampert’s ESL […]
GFI Group Inc. Appoints Head of Energy – Americas
HedgeCo.net –NEW YORK, May 16, 2007 – GFI Group Inc. (Nasdaq: GFIG) announced today the appointment of Ian Clague as head of GFI’s energy operations in the Americas. Mr. Clague will bereporting to Ron Levi, GFI’s Chief Operating Officer. Mr. […]
Global Investment House launches Global Islamic Fund of Funds
Global Investment House announced the launch of the ‘Global Islamic Fund of Funds’, an open-ended fund of funds investing in local and international Shari’a compliant funds. The new fund will invest in all types of funds such as equity, real […]
CB Richard Ellis and Group Aim Launch Joint Property Hedge Fund
CB Richard Ellis Group and Reech AiM Group have formed a joint venture to set up property hedge funds with a UK and European focus. Launched successfully on May 12th, the Iceberg Alternative Real Estate is a relative value commercial […]
AdultVest Hedge Fund To Host Alternative Investment Conference
AdultVest.com is planning on hosting the first annual AdultVest investment conference in Los Angeles, CA, geared to match institutional and accredited investors with adult industry related investment opportunities. So far, the company reports there are well over 1,000 accredited investors […]
Hedge Funds Beat Indexes in 1st Quarter
Pensions & Investment- Hedge fund performance in the first quarter was positive, beating most of the major market indexes, with average fund performance of 2.1%, according to data from Morningstar Inc. Managers that report their performance to Morningstar’s database looked […]
Ceridian Fires Exec for Passing Secrets to Hedge Fund
CFO.com- Ceridian Corporation, the scandal-plagued payroll-services company, announced on Monday that it had fired Gary Krow, the president of its thriving Comdata division, for disclosingconfidential information to Pershing Square Capital and “unauthorized meetings” with the hedge fund. The company’s board […]
NWA Settles With Hedge Funds
Forbes- Northwest Airlines Corp. has made a deal with a group of shareholders that had opposed its bankruptcy reorganization plan, the airline said in a court filing on Monday. The deal with the ad hoc equity committee resolves one of […]
Brighton House Launches Hedge Fund Product
Brighton House Associates officially launched it first product, BHA SalesDesk, a hedge fund sales and marketing system. The solution is sold directly to customers and is in use by hedge funds, broker/dealers, funds-of-funds, as well as by industry service providers. […]
Curtis Announces the Opening of an Istanbul Office
May 14, 2007, New York, NY – Curtis, Mallet-Prevost, Colt & Mosle LLP is pleased to announce the opening of Curtis Mallet-Prevost Danmanlk Ltd. ti. in Istanbul. Consistent with the Firm’s international orientation, the new office will be dedicated to […]
Derivatives, Mutual Funds and Pensions
Continuing to exhibit meteoric growth, the global derivatives market is now estimated at around $400 trillion. That’s a lot of zeros – $400,000,000,000,000. In contrast, the CIA World Fact Book estimates 2006 Gross World Product at $65 trillion. Said another […]
Hedge Funds Plan Low-Level Bid for EMI
Reuters- Two hedge funds are planning a bid for music group EMI Group at a level below a 260 pence per share indicative offer that Warner Music made in March and which was rejected, the Sunday Telegraph said on Sunday. […]