Author Archives: the HedgeCo News Team
Hedge funds try hand at charity fundraising
Globe and Mail – Who says Canadian hedge fund managers don’t have a heart? The industry really does care and it has set up a charity to prove it: Hedge Funds Care Canada. It only has $137,000 in assets, as […]
Hedge fund manager Fortress Investment plans $ 750 million IPO –
Earthtimes.org – Fortress Investment Group LLC, New York-based hedge fund and private equity firm, plans to raise $750 million through an initial public offering, the first by a U.S. manager ofalternative investments. Fortress Investment has nearly $26 billion in hedge […]
Will Dems help the SEC rein in hedge funds?
Blogging Stocks – This year, the SEC was defeated in its attempt to regulate the hedge fund industry. In fact, the federal agency’s proposals were fairly innocuous. But the hedge funds have the resources to hire the best attorneys, who […]
Hedge fund Pershing Square buys Borders stake
CNNMoney.com – Activist investor William Ackman, who heads Pershing Square Capital Management, said on Thursday the fund has bought more than 11 percent of book retailer Borders Group Inc.’s shares. Borders (up $2.11 to $23.65, Charts) stock rose nearly 12 […]
Shankman, Ex-Enron Executive, to Start Hedge Fund
Nov. 10 (Bloomberg) — Jeff Shankman, the former chief operating officer of global markets at Enron Corp., plans to raise as much as $250 million in the next six months for an energy hedge fund, according to two investors who […]
Average Hedge Fund Returns fall Short
HedgeCo.Net (New York) – According to the recently released data by Hedge Fund Research Inc., hedge funds returned a global average of 1.98% in October, but managers still failed to keep pace withgains by the Standard & Poor’s 500 index […]
Indian company Expands through Hedge Fund Investments
HedgeCo.Net (New York) – Optical networking vendor Tejas Networks India Ltd. has plans to further expand its operations outside India and into Southeast Asia. The Bangalore-based company is said to be raising $20m from India-focused hedge fund Sandstone Capital, followed […]
Man Group’s H1 earnings rise, outlook bullish
Reuters.uk – Man Group Plc the world’s largest listed hedge fund firm, said its earnings rose strongly over the six months to end-September as demand for its products boomed, and its sharesreversed a brief dip on Thursday. The British company’s […]
Bank of Canada applauds hedge funds
Globe and Mail – The embattled hedge fund industry received a ringing endorsement from an unlikely source yesterday — the Bank of Canada. “Hedge funds have had a largely positive impact on the efficiency of financial markets in Canada,” deputy […]
SEC Accuses Hedge Fund Manager of Deceiving Investors
New York Times – The Securities and Exchange Commission yesterday sued a San Francisco hedge fund manager, Edward S. Ehee, and the funds that he managed, Viper Capital management and Compass FundManagement, accusing him of fleecing 18 investors out of […]
PARKER GLOBAL STRENGTHENS ASIAN PRESENCE
HedgeCo.net – STAMFORD, CT, November 9, 2006 Parker Global Strategies today announced the opening of a new Asian office to better serve its substantial client base in the region, to build uponits investor base and support its research efforts, as […]
MFA CHAIRMAN AARON ELECTED TO SECOND TERM
HedgeCo.net – WASHINGTON, D.C., November 8, 2006 — On behalf of Managed Funds Association (MFA), John G. Gaine, president, welcomed four new directors to its Board of Directors at its first meeting of the new term, November 1, in New […]