Author Archives: the HedgeCo News Team
Ritchie to Sell Flagship Hedge Fund
New York- Ritchie Capital Management Ltd has been struggling for two years now with below-average returns and the word is out that the company plans to sell its flagship hedge fund to equal partnersin the venture, Reservoir Capital Group and […]
Hedge Fund Shareholders Withdraw from Northwest Deal
New York – Hedge fund shareholders withdrew their motion to have a say in the payment deals after the Northwest Airline Corp reorganization, surprising U.S. Bankruptcy Judge Allan Gropper. The hedgefund committee claims that Jugde Gropper has not allowed an […]
Fund of Hedge Funds Summit, May 10-11, 2007 New York, NY
With hedge fund returns averaging 10% for 2006 and with assets soaring to over $1.2 trillion dollars there is about $700 billion invested into hedge funds through fund vehicles. As many hedge funds continue to increase their leverage in pursuit […]
Hedge Funds Throwing Their Weight Around with European Governments
Hedge funds, somewhat like mutual funds but without much of the burdensome regulation and responsibility, are attracting huge investments, and throwing that weight around. Recently, hedge funds havebeen pushing to gain access to a European bond trading network, and a […]
Abax to be milestone for Asian hedge funds
Greece – The first start-up independent Asian hedge fund to begin with more than $1bn is expected to launch in the coming weeks, people familiar with the situation said, signalling a watershed for the asset class in the region. The […]
Private equity and hedge funds slug it out
Private equity firms are blackballing or banning credit hedge funds from participating in the leveraged loans and high yield bonds that back their buyouts and recapitalisations. The move is the latest sign of growing tensions between the two. While blackballing […]
US Treasury says hedge funds don’t need regulatory clipping
US hedge funds have enjoyed “tremendous” growth and gained more financial muscle, but the trillion-dollar industry of private capital pools doesn’t need fresh regulation, a senior Treasury official said Tuesday. Treasury under secretary for domestic finance, Robert Steel, said US […]
Copycat hedge funds share big boys woes
BOSTON- Hedge funds have risen at an average annual rate of 8.4 percent since 2000, less than half the gains of the 1990s, according to data compiled by Hedge Fund Research in Chicago. Vanguard Group’s flagship mutual fund tracking the […]
Hedge Funds Looking For Direct Access to MTS
New York-Following reports that hedge funds such as Citadel and Vega are trying to gain direct access to the pan-European bond exchange network MTS, the European Primary Dealers Association (EPDA)reported that it has not yet decided whether to allow third […]
Hedge Fund Mega-Investor Expands To U.S.
In a effort to strengthen its presence in the United States, BNP Paribas Securities Services announced that it has expanded its hedge fund administration operations to include services within the United States. BNP Paribas has EUR 570 billion ($754.8 billion)in […]
R. J. O’Brien Revenues Up Again – Poised to Pursue Acquisitions
HedgeCo.net – CHICAGO, February 28, 2007 — R.J. O’Brien and Associates, Inc. (RJO), the nation’s largest independent futures brokerage, announced today that its revenues climbed 30% during the fourth quarter of 2006, as compared with the fourth quarter 2005 results. […]
DaimlerChrysler Wary Of Possible Hedge Fund Takeover
HedgeCo.Net (New York) – DaimlerChrysler announced this month it was considering all options for Chrysler, including a split, but withoutChrysler, the Daimler group could be more of a takeover target for hedge funds. According to CNN Money, the likelihood of […]