Author Archives: the HedgeCo News Team
Hedge Fund ups Stake in Mobius
Reuters- Activist hedge fund Carrousel Capital has raised its stake in veteran manager Mark Mobius’s 2 billion pound Templeton Emerging Markets investment trust, ahead of an expected share buyback. Carrousel, which earlier this year failed in its attempt to shake […]
Hedge Funds See Carbon Opportunities
Rapidly developing carbon trading markets are creating a range of promising opportunities for hedge funds to participate in this new sector, says a report from Man Investments, the world’s largest provider of hedge fund investments. Carbon markets, already trading significantly, […]
Man Investments Launches Bayswater Macro Program
Man Investments, one of the world’s largest hedge fund providers, announced a new capital guaranteed product in its Man AP family. Man AP Spectrum Ltd combines for the first time the proven performance of the AHL Institutional Program with a […]
MFA Says Council Of European Finance Ministers’ Conclusions
HedgeCo.net –WASHINGTON, D.C., May 14, 2007 — Managed Funds Association (MFA) said today that the conclusions reached by the Economic and Financial Affairs Council (ECOFIN) on hedge funds, released May 8, 2007, signal a significant agreement among global regulators on […]
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. […]
Kassirer Hedge Funds Up for April
Kassirer Market Neutral Fund, a Cayman-based hedge fund primarily engaged in U.S. and Canadian merger arbitrage, earned 1.3% in April, another Kassirer hedge fund, the Kassirer Market Neutral Limited Partnership, earned 1.70% in April 2007. Mark Kassirer, CEO of Kassirer […]
Collapsed Hedge Fund Paying $716,000
Associated Press- Amaranth Advisors LLC, a hedge fund that suffered a spectacular collapse last fall and lost some $6 billion, has agreed to pay over $716,000 to settle charges of violatingsecurities rules, the Securities and Exchange Commission said Wednesday. Amaranth […]
Credit Suisse expands hedge fund team to advise global clients
Thomson Financial- Credit Suisse said its hedge fund advisory service will now be available to the bank’s private banking clients around the world with immediate effect. The service, a joint initiative between the bank’s private banking and asset management businesses, […]
LTCM founder launching new hedge fund
Reuters- Eric Rosenfeld, a co-founder of collapsed hedge fund Long-Term Capital Management, is actively recruiting investment talent for a new quantitative investment fund, a person familiar with thesituation said on Wednesday. The fund, called Quantitative Alternatives, will employ computer-driven trading […]
G8 Agrees On Self-Regulation for Hedge Funds
EU finance ministers agreed at the recent Group of Eight meetings to allow the hedge fund industry regulate itself through a voluntary code of conduct, the German finance minister Peer Steinbruecksaid. “We all agree that a regulatory approach is the […]
Managers Pay More to Compete with Hedge Funds
Financial News Online US- Fund managers are being forced to pay their brokers more in commissions to compete with hedge funds for the sellside’s best ideas and service. The findings are one of the unintended consequences of unbundling of commissions […]
Hennessee Hedge Fund Index Up for April
Hennessee Group LLC, an adviser to hedge fund investors, announced yesterday that the Hennessee Hedge Fund Index advanced +1.92% in April (+5.44% YTD). “While the strong equity markets have been a wind at the back of hedge fund performance, most […]