Author Archives: the HedgeCo News Team
Senator Alarmed by lack of Hedge Fund Transparency
HedgeCo.Net (New York) – U.S. Senate Finance Committee Chairman Charles Grassley said in a letter to federal agency heads that he plans to look into risks posed by hedge funds to pension funds. Grassley, a republican from Iowa, said in […]
Deutsche Bank and GLG face bond fines
MSN MoneyCentral – France’s stock market regulator has recommended imposing heavy fines on Deutsche Bank and GLG Partners, the leading London-based hedge fund, over their involvement in a 2002 issueof convertible bonds by Alcatel, the French telecommunications equipment group. The […]
Hedge-fund empire falters
Pittsburgh Post-Gazette – Ravinder Mehra built a hedge-fund empire on smart trades and savvy marketing. But sudden losses are exposing deep cracks in that empire’s foundation. The 48-year-old Mr. Mehra, for many years considered among the top traders in global […]
Priority offers hedge fund with NIS 200,000 entry level
Globes – AL Priority Investments Ltd. has set an extraordinarily low minimum investment in its hedge fund portfolios. Priority Investments offers investment in hedge funds for customers withportfolios of over NIS 1 million. It recommends that hedge funds comprise 20-40% […]
Sumitomo Mitsui Plans to Offer Fund of Hedge Fund Products
Bloomberg – Sumitomo Mitsui Financial Group Inc., Japan’s third-biggest bank by assets, this year plans to offer its customers managed fund of funds products, including riskier hedge and commodityinvestments, to boost fee income. Sumitomo Mitsui, which paid 190 billion yen […]
Attorney General Creates Hedge Fund Task Force
HedgeCo.Net (New York) – Connecticut’s attorney general, Richard Blumenthal, is taking a special interest in the “regulatory void†surrounding hedge funds. After the spectacular faliure of theAmaranth Advisors $6 billion hedge fund last month, Blumenthal has used his position to […]
Hedge Funds Involved in Scania/MAN Takeover
HedgeCo.Net (New York) – The Frankfurter Allgemeine Sonntagszeitung reported that several large hedge funds are buying shares in MAN AG and Scania. Not saying who these hedge funds are, the Frankfurter reports they may now have over 15% of Scania […]
Rell hopes to salvage Amaranth collapse
Stamford Advocate – Gov. M. Jodi Rell has offered the state’s help in job placement to keep the hundreds of high-skilled workers at Greenwich’s moribund Amaranth Advisors hedge fund firm in Connecticut. Yesterday, Rell assigned Barbara Fernandez, director of the […]
Hedge Funds Flat in September
Forbes – The Greenwich-Van Global Hedge Fund Index returned +0.01% in September (+6.55% YTD), according to Greenwich-Van Advisors, LLC. By comparison, the S&P 500, Lehman Brothers Aggregate Bond Index, MSCI World Equity Index and FTSE 100 returned +2.58% (8.53% YTD), […]
Hedge funds on German finance ministry
BERLIN (Reuters) – Germany plans a discussion on the risks and opportunities of hedge funds when it takes over the presidency of the Group of Eight (G8) industrialised countries, a finance ministry document obtained by Reuters shows. The document, entitled […]
THE EDGE FORUM TO EDUCATE FOUNDATIONS AND ENDOWMENTS ON ALTERNATIVES
HedgeCo.net –NEW YORK, October 17, 2006 – In the wake of the collapse of Amaranth, many investors are searching for answers on how to use and screen alternative investments. These Investors,regardless of their assets under management are looking for ways […]
Citadel, Hedge Funds Bet $3 Billion on Gas After Amaranth Falls
Bloomberg – Citadel Investment Group LLC, the $12 billion hedge fund manager, T. Boone Pickens and the Merchant Commodity fund expect natural gas to rebound from a historic losing streak. Hedge funds amassed a $3 billion wager on rising prices […]