Author Archives: the HedgeCo News Team
SEC Reviews New Hedge Fund Rules
HedgeCo.Net (New York) – The Managed Funds Association, the main lobbying group for hedge funds, has urged regulators to increase the minimum investment for hedge funds asan alternative to tighter oversight. The proposed new rules are now up for review […]
The Bank of New York Tops $100 Billion in Hedge Fund Assets
HedgeCo.Net (New York) – The Bank of New York has surpassed the $100 billion mark in hedge fund assets under administration, reflecting rapid growth in the bank’s focus onhedge funds, funds of hedge funds, multi-strategy hedge funds, and European- based […]
Hedge Fund Chiefs, With Cash, Join Political Fray
New York Times – So much so that two large portrait photographs of the senator by Chuck Close grace the hallway of her 1960s-themed penthouse apartment on Sutton Place in Manhattan. “It’s a beautiful picture because Hillary is beautiful,†said […]
Derivatives risks loom large for leaders at Davos
DAVOS, Switzerland (Reuters) – The possibility of a major market crisis caused by financial derivatives is replacing the danger of low interest rates driving asset markets to unstable levels as thetop issue on policymakers’ worry list. In a keynote speech […]
Hedge Funds Flee Tax Haven in Virgin Islands, Hounded by IRS
Bloomberg – At the Deep End Bar, a poolside grill in St. Croix just steps from the Green Cay Marina, a handful of money managers and investors sip Cruzan rum from a local distillery and reach forcomplimentary bug repellent as […]
Albright Jumps Into the Hedge Fund Fray
Black Enterprise – Madeleine Albright, the U.S. Secretary of State under former President Bill Clinton, announced the creation of a new hedge fund carrying her name – Albright Capital Management -and conveniently based in Washington. Ms. Albright will chair the […]
Hedge fund may pursue Internet Capital seats
Philadelphia Inquirer—Internet Capital Group Inc., whose market value eclipsed that of General Motors Corp. during the dot-com boom, may face a proxy fight with a hedge fund that contends the holding company is mismanaged. Mason Capital Management L.L.C., a New […]
Hedge fund repays county $48.2 million; more likely
San Diego Union Tribune-The county pension system has recouped $48.2 million from the Amaranth hedge fund, which collapsed in September, the retirement association said last week. Additional repayments may be forthcoming, said Brian White, the association’s chief executive officer. The […]
Hedge Fund Sentiment Survey Shows Technology as Best Investment
HedgeCo.Net (New York) – VanthedgePoint Group Inc. announced the results of its second annual Emerging Hedge Fund Manager Sentiment Survey. When asked where to invest in the U.S. stock market, hedge fund managers said that Technology (41.0%), Financial Services (31.2%), […]
Silver Creek Hedge Fund Hires New Director
HedgeCo.Net (New York) – Silver Creek Capital Management LLC, a leading manager of funds of hedge funds with approximately $6.5 billion in assets under management, todayannounced that Steven H. Bloom, founder and Managing Partner of Sagamore Hill Capital Management LP, […]
SYZ & CO expands in Asia with the acquisition of Hong Kong based Oria Capital
Swiss banking group SYZ & CO announces today the expansion of its activities in Asia through the acquisition of Oria Capital, a respected Hong Kong based fund of hedge funds management group, which will become part of the Group’s alternative […]
Strong interest in Brevan Howard listing
Times Online — Traders anticipate strong demand for a listing by hedge fund manager Brevan Howard on the London Stock Exchange. The closed-end vehicle will invest in one of Europe’s largest and most successful hedge funds, with $11.3 billion (£5.7 billion) under management. The firm’s main fund, which makes […]