Author Archives: the HedgeCo News Team
‘Borat’ sparks more hedge fund deals
MSN Money – 20th Century Fox is set to announce a hedge fund-backed film financing deal worth more than $520m thanks to the box office success of Borat and The Devil Wears Prada. The agreement, which comes amid increasing hedge […]
Investors eye more direct hedge fund path-consultant
Reuters.uk – Funds of hedge funds are likely to change how they operate and offer more tailor-made advice as institutional clients become more confident about investing directly in the $1.7 trillion(900 billion pounds) hedge fund industry, a consultant said on […]
Boyou Hedge Fund Redeemers Get a Benchmark
Seeking Alpha – Scammy and Danny Bayou still await sentencing on charges associated with the collapse of their corrupt hedge fund – formerly based in the eponymous Scamford, Conn. – but the investorswho thought they’d safely escaped the pair’s clutches […]
US Hedge Fund to partner with Investcorp
HedgeCo.Net (New York) – Bahrain-based Investcorp has formed an alliance with US hedge fund manager Silverback Asset Management, a convertible arbitrage-focused hedge fund in Chapel Hill, N.C. The single manager hedge fund partnership will be run by Elliot Bossen, Silverback’s […]
Hedge Fund commitee object to Dura’s Bankruptcy Filing
HedgeCo.Net (New York) – Hedge funds with large holdings in Dura Automotive Systems Inc.’s $1.7 billion debt are protesting the auto parts maker’s plan to finance its bankruptcy, saying the deal threatens to jeopardize their rights. A committee made up […]
Longer hedge fund lockups seen posing risk
Reuters.uk – Investors may want to quickly pull out of hedge funds if global economic conditions turn sour, showing the risks of a recent trend of contracts tying clients into funds for long periods,industry executives warned. The periods over which […]
Many hedge fund returns do not justify fees
Reuters – While hedge funds charge high fees, too many of them earn modest investment returns, and the majority do not deliver better rewards than can be gained from the wider market, industryexecutives said on Tuesday. “The real problem is […]
Hedge Funds Now Circling Yahoo?
Seeking Alpha – The word is out that the hedge funds are circling Yahoo and Terry Semel. Valleywag is reporting that several prominent hedge funds are smelling blood in the water. Fred Wilson andEric Savitz picked up on this a […]
Gideon Berger to Head Blackstone Alternative Asset Management’s London Office
HedgeCo.net – NEW YORK and LONDON, Nov. 15 — Blackstone Alternative Asset Management (BAAM), a fund of hedge funds with approximately $15 billion dollars undermanagement, today announced that Gideon Berger, a Managing Director, will be heading the BAAM office in […]
Explorer Capital Launched
HedgeCo.net – Steffen Gruschka and Ashwan Khanna have started Explorer Capital, a London domiciled hedge fund manager. They have launched the Explorer Emerging Europe Fund, a long short equity fundbroadly focused on the 25+ countries in the Emerging European sector. DB […]
Tuono Corporation Unveils New Multi-Series Fund
HedgeCo.Net (West Palm Beach)- Naples, FL based Tuono Corporation is launching a new fund series, the Tuono Multi-Series LLC. The Fund will be open to investors on Dec 1, 2006 and will be domiciled in Delaware. The Multi-Series LLC Fund […]
R.J. O’Brien’s Third Quarter Revenues Increase 49%
CHICAGO, November 14, 2006 — R.J. O’Brien and Associates, Inc. (RJO), the nation’s largest independent futures brokerage, announced today that its revenues climbed 49% during the third quarter of 2006, as compared with third quarter 2005 results. Year-to-date revenues are […]