Author Archives: the HedgeCo News Team
Asia hedge funds seen doubling in size in next 3 years
Forbes – Assets managed by hedge funds in Asia are expected to double in size over the next three years from 130 bln usd currently based on market estimates, BNP Paribasregional head for Southeast Asia and India Jean Pierre Bernard […]
Executive at Stock Unit Said to Leave Hedge Fund
New York Times – The head of global stocks at the Citadel Investment Group, a $12 billion Chicago-based hedge fund, has left the firm, according to a person briefed on the situation. The executive, Anand Parekh, formerly head of the […]
Morgan Stanley hedge fund deals to continue, slowly
Reuters – Morgan Stanley will continue to acquire hedge funds and managers, though at a much slower pace than in recent months, a top investment management executive told Reuters. Three weeks ago, the investment banking giant announced three hedge fund […]
Hedge Fund Mergers show Substantial Profits
HedgeCo.Net (New York) – Atticus, a New York-based hedge fund that manages more than $12 billion has been having talks with Freeport-McMoRan Copper & Gold Inc. Freeport has already undertaken the world’s biggest mining takeover, valued at about $26 billion when the […]
Hedge Fund Investment possibilities in India, Pakistan and China
HedgeCo.Net (New York) – Emerging markets are again catching the eye of more foreign firms as an investment destination. Morgan Stanley sees India’s FDI rising to $10 billion, or 1 percent of GDP by 2008, with the flows mostly targeting low […]
‘Little guy’ investors boxed out of Nymex IPO
Cincinnati Post – The New York Mercantile Exchange’s IPO is one of the hottest Wall Street has seen in six years, with investors already reaping big returns as the stock’s price doubled. Too badrank-and-file retail investors didn’t see much of […]
Hedge fund giant coming to Halifax
ChronicleHerald.ca – Nova Scotia’s well-educated workforce and its relatively low costs keep attracting financial services companies to the province. Hot on the heels of last week’s announcement that Butterfield Fund Services of Bermuda is opening an office in Halifax comes […]
VegaPlus Commodities Hedge Fund Quit Gas, Avoided Amaranth Fate
Bloomberg – Julian Barrowcliffe’s Anglian Commodities Fund exited the natural gas market almost a year before Amaranth Advisors LLC, another hedge fund, was destroyed by plunging energy prices. Barrowcliffe steered his $497 million fund, operated by VegaPlus Capital Partners Ltd., […]
Broadreach Group acquires Corcoran Partners
HedgeCo.net – NEW YORK, November 21, 2006 — Broadreach Group, a global talent agency with offices in New York, London, and a new office in Tokyo, today announced that it has acquired 100% of Corcoran Partners, a New York-based executive search […]
Citco joins influx of hedge funds locating in Halifax
Globe and Mail – Citco Group Ltd., one of the world’s largest hedge fund administrators, will announce today it is opening an office in Halifax with plans to eventually employ about 350 people. The operation will include the fund administrator’s […]
Signet Capital plans to list fund of hedge funds on LSE
Signet Capital Management is to list a closed-end company on the London Stock Exchange next month that will make investments with fixed-income hedge fund managers, an executive of the firm said Friday. The plan was revealed as another fund-of-hedge-funds firm, […]
Former studio executives get new chance with hedge-fund financing – International Herald Tribune
LOS ANGELES: The faces are familiar, and the names are too: Chris McGurk, former vice chairman of MGM; Tom Pollock, the former chairman of Universal Pictures, and Robert Friedman, a marketing guru at Paramount when Sherry Lansing was in charge. […]