Author Archives: the HedgeCo News Team
Hedge Funds in the Middle East
HedgeCo.Net (New York) – The Middle East accounted for 8%, or $28.9bn, of the global hedge fund market last year. According to a new Bank of New York study, hedge funds will draw a forecast $140.3bn in investments from the […]
ECB calls for hedge fund register to fend off financial crisis
Times Online – The European Central Bank (ECB) called yesterday for an international register of hedge fund activity to fend off the possibility of a global financial crisis emanating from therapidly expanding industry. The bank’s backing for a central register […]
Billionaire steps forward to block Phelps Dodge takeover
Times Online – SAC Capital Advisors, the $10 billion (£5.1 billion) hedge fund run by Steven Cohen, plans to derail Freeport McMoRan Copper & Gold’s $25.9 billion takeover of Phelps Dodge, whichit said undervalued the American mining company. The hedge […]
Hedge funds returns top S&P 500 in November
MarketWatch – Hedge funds outperformed the benchmark Standard & Poor’s 500 stock market index in November for the first time since May as managers benefited from a falling U.S. dollar, sliding bond yields and a rebound in energy prices. Managers […]
Horizon Cash Management Hires New PortfolioManager
HedgeCo.net – CHICAGO, December 12, 2006 – Horizon Cash Management LLC, a leading cash manager for alternative investment funds, today announced that it has hired Amy Walkington as a PortfolioManager, effective immediately. Ms. Walkington, 35, is responsible for executing a […]
BB&T Asset Management adds Hedge Funds to its Invesment Lineup
HedgeCo.Net (New York) – BB&T Asset Management, $15 billion investment adviser and subsidiary of BB&T Corporation, said they are now offering a broader range of alternative investmentstrategies to the bank’s Wealth Management and Institutional Services clients. These strategies will include […]
Gargoyle’s flagship Hedge Fund Exceeds Forecast
HedgeCo.Net (New York) – Gargoyle Asset Management announced today that its flagship hedge fund, the Gargoyle Hedged Value Master Fund, has exceeded $200 million in assets under management. This fund is designed to allow investors to participate in the large […]
Hedge Fund buys stake in A1 Grand Prix
HedgeCo.Net (New York) – RAB Capital has bought a stake in the A1 Grand Prix. The RAB Special Situations hedge fund, run by Philip Richards, has taken an 80% stake worth £100m. The fund has beenknown in the past for […]
Germany wins key G8 allies in fight for control over hedge funds
Forbes – The German government, which wants to make hedge funds a key issue during its upcoming presidency of G8 next year, has secured the support the US and Britain, according to a report inbusiness daily Handelsblatt. German Finance Minister […]
A weighty Goldman Sachs hedge fund stumbles
Herald Tribune – The $10 billion flagship hedge fund at Goldman Sachs Group dropped 11.6 percent this year through the end of November as its managers misjudged the direction of global stock andcurrency markets, according to two investors. The fund, […]
Hedge funds are too successful for their own good
Sydney Morning Herald – FOR Global Alpha, the $US10 billion ($US12.8 billion) hedge fund run by Goldman Sachs, 2005 was a stellar year. By the close of the year, the fund, which manages money for some of the firm’s wealthiest […]
Hedge fund may try to reverse Wabash’s performance
Indianapolis Star – Richard Giromini undoubtedly will have plenty on his mind as he takes over as chief executive of Wabash National Corp. After all, the Lafayette-based maker of commercial truck trailers is under mounting pressure to improve its profit […]