Author Archives: the HedgeCo News Team
Canadians nix international hedge fund regulations
Ottawa – Canada doesn’t see the need for international hedge fund regulation, which German Chancellor Angela Merkel has pushed as president of the G-8. OAS_RICH(“Middle”); “We don’t share [Germany’s] enthusiasm. There’s less concern in North America than in some parts […]
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 […]
Credit Suisse/Tremont Hedge Fund Index Up For March
HedgeCo.net – The Credit Suisse/Tremont Hedge Fund Index is up 1.24% in March and up 3.34% for the first quarter of 2007 according to Oliver Schupp, President of the Credit Suisse Index Co., Inc. “Despite getting off to a rocky […]
Hedge fund report draft to be ready for May G7
Washington – A report on hedge funds and risk control commissioned by the Group of Seven will be completed by year-end, but a preliminary version will be ready for G7 talks in May, the Italian central banker in charge of […]
Citi Snares Top Hedge Fund Manager
New York – Citigroup Inc. on Friday hired a new manager for its Citi Alternative Investments unit by buying the man’s hedge fund. New York-based Citigroup, the nation’s largest financial institution, said it has reached a definitive agreement to purchase […]
Managers Use Hedge Funds as Big I.R.A.s?
Many Americans squirrel away as much as they can into retirement investment accounts like 401(k)s and I.R.A.’s that allow them to compound their earnings tax free. The accounts also reduce what they owe when tax day rolls around. For the […]
Moody’s set to start debt ratings for hedge funds
London – Moody’s Investors Service Ltd said it has launched a method for rating hedge funds as the industry enters the new and ‘more mature’ phase of raising financing through public debt markets. Moody’s (nyse: MCO – news – people […]
Stonebrook Capital Names Darryl Thompson President
HedgeCo.net—NEW YORK, APRIL 17, 2007 – Stonebrook Capital Management LLC (“Stonebrook”), a leading alternative investment firm specializing in Alternative Beta solutions, today announced that Darryl B. Thompson has joined the firm as President. In this new position, Mr. Thompson, […]
New AIMA Hong Kong / China Appointment
HedgeCo.net – London 17th April 2007. The Alternative Investment Management Association (AIMA), the leading global hedge fund and alternative investment industry association, announces the appointment of James Shipton as Deputy Chairman of AIMA Hong Kong/China. James will work within AIMA […]
Custom House Assets Under Administration Hit$25 Billion
HedgeCo.net –DUBLIN, APRIL 16, 2007 – Custom House Administration & Corporate Services Limited (“Custom House”), one of the world’s largest independent administrators, today announced that it has topped $25 billion in combined client assets under administration for the first time. […]
Yorkville CFO Takes On Dual Role As COO/CFO And Names Controller
HedgeCo.net -JERSEY CITY, NJ, April 16, 2007- Yorkville Advisors, LLC, a firm engaged in providing structured equity financing solutions to growing companies worldwide, today announced that EdSchinik will take on the role of Chief Operating Officer (COO) in addition to […]
Sallie Mae Agrees to $25 Billion Buy Out
HedgeCo.net – A group consisting of hedge funds JC Flowers & Co. and Friedman Fleischer & Lowe, agreed late last night to buy SLM Corp also known as or Sallie Mae, the US’s largest provider of student loans, in a […]