Author Archives: the HedgeCo News Team
RJO Acquisition Includes $125 Million in Assets Managed by John W. Henry & Company, Inc.
HedgeCo.net ( New York ) — December 5, 2006 — R.J. O’Brien and Associates, Inc. (“RJOâ€Â), the nation’s largest independent futures brokerage, announced today that it has acquired substantially all of the assets of Refco Commodity Management, Inc. (“RCMIâ€Â), which […]
Hegde Fund Clones
HedgeCo.Net (New York) – Goldman Sachs has set up a hedge fund replication tool in a move that could lead to a shake-up of the $1,300bn hedge fund industry. With a minimum investment of £10.00 ($19.87)and £10.00 Issue Price, […]
Tremont Capital Management Initiates Hong Kong Hedge Fund of Funds
PR Newswire UK – Tremont Group Holdings, Inc., a leading investment manager of fund of hedge fund products and multi-manager portfolios, and the parent of Tremont Capital Management Limited,the firm’s London-based European hub, today announced the roll out of its […]
December volatility poses dilemma for hedge funds
Reuters – A surge of volatility on financial markets would normally be a gift for hedge funds, which thrive in such conditions, but the latest market disquiet may not energise as many of them asmight be expected. Managers of the […]
Hedge funds wait for India to open
Business Standard – India is now clearly in the radar of the global hedge fund industry after recent statements by the Securities and Exchange Board of India (Sebi) favoured the direct entry of long-term hedge funds. Hedge Funds World, an […]
Returns dwindle as hedge funds crowd market
Economic Times – Hedge fund managers can make you rich quicker than just about anyone. Sometimes, they can make you poor even faster. Just look at Amaranth Advisors, the Greenwich, Connecticut-basedhedge fund manager that stumbled over wrong-way bets on natural […]
The Bank of New York Company, Inc. and Mellon Financial Corporation Agree to Merge, Creates the Global Leader in Securities Servicing and Asset Management
NEW YORK and PITTSBURGH, December 4, 2006 – The Bank of New York Company, Inc. (NYSE: BK) and Mellon Financial Corporation (NYSE: MEL) announced today they have entered into a definitive agreement to merge, creating the largest securities servicing and […]
Judge Favors Hedge Funds in Company Sale
HedgeCo.Net (New York) – Delaware Vice Chancellor Stephen Lamb ordered Metromedia International Group Inc. to hold a shareholder vote on its plan for asset sale. The deal follows years of lawsuits among its 20% owner, John Kluge, and 18% owner […]
Nomura launches Fund of Funds in Ireland
HedgeCo.Net (New York) – Garry Topp, a director at Nomura International said on Thursday that the company hoped to raise more than $100 million for a new open-ended global fund of funds invested in property securities which offered investors downside protection. Based […]
Some Hedge Funds Decide That Relying on Banks Is Just Too Risky
New York Times – THIS week, a big hedge fund announced a big bond offering, which might sound like a big snooze. Considering the origins of most of Wall Street’s biggest blow-ups  liquidity crises  it shouldn’t be. Kenneth […]
Hedge funds seek support to boost Ahold value
Reuters – Hedge funds Paulson & Co. Inc. and Centaurus Capital said on Thursday they were seeking support from other Ahold shareholders in a bid to increase the Dutch retailer’s value as itrestructures it business. “We are also therefore talking […]
Regulators concerned over hedge funds
NorthJersey.com – U.S. and U.K. regulators will meet with Wall Street securities firms to discuss whether too many loans to hedge funds leaves them overexposed to potential meltdowns. The Securities and Exchange Commission, the Federal Reserve and the U.K.’s Financial […]