Author Archives: the HedgeCo News Team
Aussie funds eye new strategies
Cash-rich Australian mutual funds are exploring a broader range of strategies, and hedge funds are eyeing overseas markets, driving growth in the country’s increasingly competitive prime brokerage market. Australia’s mandatory superannuation pension scheme now holds roughly $600 billion and a […]
Dollar Higher Against the Yen in Asia
The dollar advanced against the yen in Asia Friday as speculators led by U.S. hedge funds took cues from rising Asian stocks to buy the greenback. The U.S. dollar was trading at 118.70 yen at 2:50 p.m. (0550GMT) Friday, up […]
Hedge Fund Activism Creates New Wealth for Law Firms
For corporate lawyers of a certain age, it seems like the 1980s all over again. Proxy fights, once the exclusive domain of investors like Carl C. Icahn, are on the rise. The primary cause is easy to spot: “The resurgence […]
Environmental Hedge Funds Growing Rapidly
HedgeCo.net – The Energy Hedge Fund Center LLC announced today that they are now tracking more than 560 energy and energy-related hedge funds in their new Directory of Energy Hedge Funds. The vast majority of these energy focused hedge funds […]
InFocus Hires Hedge Fund Manager
HedgeCo.net – InFocus Corporation announced that they have added hedge fund manager John D. Abouchar and Bernard T. Marren to serve as members of the Company’s Board of Directors. Abouchar and Marrenwere designated to serve on the Board of Directors […]
Hedge Funds Coming of Age Politically
Washington – Tudor Investment Corp. has become the first hedge fund to create a political-action committee, or PAC, in the latest sign of the industry’s coming of age here. The move comes as the rapidly expanding, lightly regulated sector faces […]
Zurich’s tax lure for hedge funds
Switzerland is mulling over plans for a special 10pc tax rate for hedge fund managers in a radical move to lure the booming industry away from London. Hans-Rudolf Merz, the finance minister, has held a series of meetings with leaders […]
Citigroup hedge fund chief resigns
New York – Citigroup Inc.’s hedge fund chief, Dean Barr, has resigned, less than a week after the largest U.S. bank agreed to buy Old Lane LP and install Vikram Pandit as chief of its alternativeinvestments unit. The resignation was […]
Hedge Funds See Record Inflows of $60 billion in 1Q
HedgeCo.net – CHICAGO, (April 19, 2007) – The hedge fund industry saw record inflows of more than $60 billion during the first quarter of 2007, bringing total assets under management to $1.568 trillion, according to data released today by Hedge […]
KBC Acquires Majority Stake in Absolut Bank in Russian Market
HedgeCo.net – Yesterday evening a deal between Belgian bank KBC Group NV and Russian bank Absolut was made in which the Belgian bank and hedge fund investor acquired 92.5% of shares in the Russian bank. It was announced in a […]
Bond trading co MTS may give hedge funds access to trading
London – European bond-trading platform company MTS SpA will today discuss demands from hedge funds to be given direct access to its interdealer government-bond platforms for the first time, the Wall Street Journal reported. If MTS, which is majority-owned by […]
Hedge funds’ move into small caps raises concerns
New York – The push for “alpha,” or market-beating returns, is prompting hedge funds to dig deeper into smaller-capitalization stocks, raising concerns over “liquidity risk” in a potential market downturn. With fewer potential buyers, such stocks may become traps for […]