Author Archives: the HedgeCo News Team
Bermuda makes it easier for funds to set up
Reuters – Bermuda, already a popular home for hedge funds because of generous tax breaks, enacted a new law designed to help the island become an even more popular investment center, an industryassociation said on Tuesday. Bermuda’s House of Assembly, […]
Custom House Opens Office in Singapore
HedgeCo.net – DUBLIN/SINGAPORE, December 21, 2006 – Custom House Administration & Corporate Services Limited (Custom House), one of the largest independent global hedge fund administrators, todayannounced that it will be offering its full hedge fund administration service through a new […]
Bermuda makes it easier for funds to set up
BOSTON, Dec 20 (Reuters) – Bermuda, already a popular home for hedge funds because of generous tax breaks, enacted a new law designed to help the island become an even more popular investment center, an industry association said on Tuesday. Bermuda’s […]
Germany not out to break hedge funds
BERLIN (Reuters) – Germany aims to promote hedge fund transparency during its Group of Eight presidency next year but does not expect to draw up any international rules on the issue, a senior Finance Ministry official said on Wednesday. Barbara […]
Hedge funds ignite uranium price
www.globeandmail.com —The price of uranium surged to a record high this week, capping an extraordinary run for the radioactive metal, which has doubled in value over the past year on interest from hedge funds, financial firms and speculative buyers. The […]
Japanese Securities Firm to Buy Stake in U.S. Hedge Fund
New York Times – Nomura Holdings, Japan’s biggest securities firm, will buy a 15 percent stake in the Fortress Investment Group, a United States hedge fund and private equity manager with $26 billion under management. Nomura will pay $888 million […]
Hedge Fund Recruiter Long Ridge Sees Rising Competition & Compensation for Hedge Fund Talent
HedgeCo.net — NEW YORK, December 18, 2006 — Long Ridge Partners, executive recruiters specializing in the hedge fund industry, said today the vast majority of hedge funds are bracing forincreased competition in securing and sustaining professional talent in 2007. Michael […]
Asia’s $100 Million Bonuses
HedgeCo.Net (New York) – Some traders in Tokyo and London are rumoured to be in the $100 million bonus club. The “giant” bonuses at Morgan Stanley and the $40 million John Mack took home has started rumors inside Wall Street […]
Goldman Sachs names New Hedge Fund Manager
HedgeCo.Net (New York) – Goldman Sachs has named the new head of their alternative investments asset-management units as Marc Spilker, he will be overseeing hedge funds and private equity. Goldman named Spilker, 42, to replace George Walker, who left in […]
Net value of Jersey funds soar to $331bn
Trade Arabia – The net asset value of funds under administration on Jersey’s Finance Industry has again risen to a new high of nearly £170 billion ($331.8 billion), with close to half of the totalfigure relating to specialist funds such […]
Lehman hires from Amaranth
Financial News Online US – The head of portfolio financing in Europe at Amaranth Advisors‘ London office, which closed in November after the fund collapsed, has emerged at Lehman Brothers. James Scully started at Lehman at the end of November. […]
New Renaissance hedge fund may reach limits
Reuters – Renaissance Technologies Corp., a top-performing hedge fund that has quadrupled its assets to $16 billion this year, is increasingly saying no to outside investors so it can better manage aflood of money, a person briefed on the matter […]