Author Archives: the HedgeCo News Team
Germany to Determine if Hedge Funds Pose a “Systemic Risk”
HedgeCo.Net (New York) – Germany’s Deputy Finance Minister Thomas Mirow held a briefing with reporters on Germany’s upcoming presidency of the Group of Eight in 2007, the G8 are the top 8 majorindustrialized countries, and Mirow plans to examine next […]
Ritchie sells Hedge Fund to Refund Investors
HedgeCo.Net (New York) – Ritchie Capital Management Ltd. has “decided to terminate the restructuring and effect an orderly disposition of the assets,” of its flagship hedge fund, the Multistrategy Global Fund. After consulting with investors, an email was sent to […]
Delphi gets up to $3.4 billion in private equity investment; names new CEO
Detroit News – Delphi Corp. said Monday that several major hedge funds will invest up to $3.4 billion in the company, clearing a significant hurdle to emerge from Chapter 11 bankruptcy before June30. As part of the deal, Delphi CEO […]
Funds not hedging on airline stocks
Chicago Tribune – Hedge funds are investing heavily in United Airlines and other old-line carriers, drawn by the prospect of wide-scale mergers and better times ahead for U.S. carriers. After a spending spree this year, hedge funds control nearly 50 […]
Metals Evoke Bear Market as Production Gains, Hedge Funds Sell
Bloomberg – At the Pacorini Group warehouses in New Orleans, the 15,000 metric tons of copper that have accumulated since September are enough to wire about 7 million refrigerators and make everyshort-seller salivate. “You’re seeing 1,000 tons here, 1,000 tons […]
Vega hedge funds face disappointing 2006
Reuters – Vega Asset Management, a $5 billion hedge fund group that trades in global currencies and fixed income, is facing a disappointing year with performances that are well short of industryaverages, the firm told investors this week. Madrid and […]
Co-founder of Stamford hedge funds admits misleading investors
Greenwich Time – A co-founder of the collapsed Connecticut-based Bayou hedge funds admitted in federal court Thursday that he conspired to defraud investors of more than $10 million, prosecutors said. U.S. Attorney Michael Garcia said James C. Marquez pleaded guilty […]
Morgan Stanley’s Mack Gets Record $40 Million Bonus
Bloomberg – Morgan Stanley gave Chief Executive Officer John Mack the biggest bonus for the head of a Wall Street firm, awarding him $40 million as the company headed for the best profit in its71-year history. Mack, 62, was granted […]
Dallas-based fund, manager sued by SEC
Dallas Morning News – The Securities and Exchange Commission has accused Dallas hedge fund manager Edwin Buchanan “Bucky” Lyon IV of earning $6.5 million through illegal trades of shares purchased inprivate offerings. Mr. Lyon, his Dallas-based Gryphon Master Fund and […]
EBRD and EIB to Launch First Carbon Credit Fund Dedicated to Eastern Europe
Brown Rudnick, a premier international law firm, congratulates its client, the European Bank for Reconstruction and Development (EBRD), and the European Investment Bank (EIB), on the successful launch of their Multilateral Carbon Credit Fund (MCCF). The firm is proud to […]
State Street Global Alliance Announces Intent To Expand Strategic Partnership
HedgeCo.net —Boston, and Amsterdam, December 12, 2006  State Street Global Alliance, LLC, (Global Alliance) the strategic venturing partnership jointly owned by State Street Global Advisors (SSgA) and Stichting Pensioenfonds ABP (ABP), today announced a commitment of US$100 million in […]
Credit Suisse/Tremont Investable Hedge Fund Index Is Up 1.30% In November
New York, December 15, 2006 The Credit Suisse/Tremont Hedge Fund Index is up 2.07% in November, according to Oliver Schupp, President of the Credit Suisse Tremont, LLC. “A stronger than expected third quarter boosted stocks into the fourth quarter after […]