Author Archives: the HedgeCo News Team
An emerging hub for the hedge fund services market
HedgeWeek – As hedge funds have become a growth area for the North American marketplace, Toronto has emerged as the Canadian hub for the industry, thanks to its stable business environment, supportive regulatory framework and favourable conditions for growth. For […]
Winners and Losers in Closed World of Hedge Funds
Black Enterprise – Hedge fund managers, let us toast the triumphs and travails of your secretive world as the year draws to a close. Already I can hear some of you yelping. You hate being calledsecretive. You insist that it […]
Hedge Funds Voted Down
HedgeCo.Net (New York) – US hedge funds Ramius Capital Group and Moon Capital Management voted with a 47.6% share to remove the directors of South Korean online game developer Gravity Co. Ltd. Gravity’s other shareholders however, rejected the proposal to […]
GLG Partners to appeal against fine
Times Online – GLG Partners will appeal against the second fine imposed by regulators this year over market abuse in relation to the use of confidential information before convertible bond sales. GLG, one of Europe’s largest hedge funds with $17 […]
The Private Lives of Hedge Funds
New York Times – Hedge fund managers, let us toast the triumphs and travails of your secretive world as the year draws to a close. Phillip Goldstein was an unknown hedge fund manager at Bulldog Investors until he sued the […]
SEC sues hedge fund manager for insider trading
Reuters – The U.S. Securities and Exchange Commission sued hedge fund manager John Mangan on Thursday for insider trading five years ago, prompting him to say the charges were unfounded and he wouldbe cleared. The lawsuit accuses Mangan of receiving […]
Forecasters see room for stock market to grow
MSNBC – After a surprising rally that propelled the stock market’s best-known indicator to record levels in 2006, analysts are looking for a less spectacular but still solid year in 2007. Although the economy is slowing substantially and there are […]
Hegde Fund Funded Exco Doubles Oil Reserves
HedgeCo.Net (New York) – Exco Resources Inc. announced an agreement to buy producing oil and gas properties in Jackson Parish, Louisiana from Anadarko Petroleum Corp. for $1.6billion, almost doubling its oil and gas reserves. The total acreage is approximately 66,000 […]
Wine and Hedge Funds
HedgeCo.Net (New York) – Aside from the hedge fund millionaires investing in the land rich wine making lifestyle, a new trend is now being seen among hedge fund investors in the buying of premium wines. Merryl Lynch noted the surge […]
Hedge funds take stake in battery maker Spectrum
Reuters – Harbinger Capital Partners hedge funds have taken a 9.5 percent stake worth nearly $53 million in Rayovac battery maker Spectrum Brands Inc., according to a filing with U.S. regulators. Harbinger, which is focused on restructurings, liquidations, turnarounds and […]
Mutual Funds That Act Like Hedge Funds
Street.Com – With regulators raising the bar for hedge-fund investors, there’s never been a better time to consider mutual funds that try to produce consistent returns byzigging when the market zags. Hedge fund fees have always been off-putting — they […]
GLG fined €1.2m over Alcatel trading
MSN MoneyCentral – rance’s stock market regulator has imposed a heavier fine than expected on GLG Partners for the British hedge fund’s actions in relation to a 2002 bond issue by Alcatel, the Frenchtelecoms group. According to people close to […]