Author Archives: the HedgeCo News Team
FTSE mulls private equity index for institutions
Forbes – FTSE Group is mulling over a private equity index product to give investors information about ‘credible’ funds at relatively-low risk following the launch of a similar index product for hedge funds. Gareth Parker, head of business development at […]
Berkowitz Opens Hedge Fund, Betting Big on Stock Market
New York Sun – David Berkowitz, whose Gotham Partners LP closed three years ago after investor withdrawals and a government probe, raised about $155 million for a hedge fund to invest in stocks. Mr. Berkowitz and Joel Press, former head […]
SEC: Firms Still Allowing Market Timing
CCH Wall Street – Despite enormous fines, sanctions and top executives losing their jobs, the SEC continues to find evidence of market timing in the mutual fund industry. Just over three years ago, New York Attorney General Eliot Spitzer shocked […]
Salton ponders sale to hedge fund
Chicago Tribune – Financially stressed Salton Inc., the Lake Forest-based maker of the George Foreman-brand grill and other small appliances, disclosed Monday that its directors intend to “explorestrategic alternatives,” including a possible sale or merger of the company. In publicly […]
Hedge Funds see Record Results
HedgeCo.Net (New York) – Hedge Fund Research(HFR) reported this week that hedge funds took $44.5 billion in the third quarter this year, almost as much as the $46.9 billion invested in the whole of2005. HFR said that hedge fund assets […]
Hedge funds want bond payouts by companies in options scandal
Herald Tribune – Hedge funds are known for playing hardball to boost their returns, and now they’re using those tactics on companies caught in the stock-option scandal. Many of those companies — which include names such as Vitesse Semiconductor Corp., […]
Delphi shares surge amid signs of emerging bid
MSN MoneyCentral -Shares in Delphi have surged in recent days amid signs of an emerging bid and possibly a takeover battle for control of North America’s biggest automotive parts maker. At least four private equity and hedge funds are reportedly […]
SocGen slashes energy hedge fund exposure
Reuters – Societe Generale’s $10 billion (5.3 billion pound) hedge fund arm has slashed its allocation to energy amid a slump in oil prices, highlighting a broader move out of the high-riskinvestment vehicles, its manager said on Friday. Investors who […]
KPMG warns on proposed new offshore fund rules
Reuters – British-based investment companies managing offshore funds could lose tax-exemptions on profits they earn on these funds because of proposed new regulations, accountants KPMG said onFriday. UK tax collectors have issued new draft guidelines under which UK-registered managers of […]
Hedge Funds, Central Banks Push Swiss Franc to a Two-Year Low
Bloomberg – The Swiss franc has become the new favorite for speculators seeking cheap money to finance higher- yielding bets. The franc dropped to a two-year low against the currencies of Switzerland’s biggest trading partners, according to an index prepared […]
Take the Hedge-Fund Money and Run
New York Magazine – What obsessed Angelo Haligiannis was the bracelet. Every white-collar criminal hates the bracelet. At home with nothing to do, they can’t stop looking at it, fussing with it,trying to wish it away. It was the same […]
GROUP G EXPANDS TEAM AS ASSETS SURPASS $100 MILLION
HedgeCo.net – NEW YORK, October 23, 2006 Group G Capital Partners, LLC, afixed-income investment advisor specializing in alternative creditstrategies, is pleased to announce that Tim McDowell has joined as anAnalyst. Tim is responsible for research and analysis on investmentopportunities for […]