Author Archives: the HedgeCo News Team
Belmont Dynamic Growth Fund
Harcourt is pleased to announce the successful launch of the Belmont Dynamic Growth Fund, Harcourt’s first onshore fund of hedge funds product structured specifically for Canadian investors. Havingexperienced a strong demand in the Canadian market, Harcourt has aligned itself with […]
GLG Fund Manager to set up Geneva Hedge Fund
HedgeCo.Net (New York) – The former manager of GLG Partners, worth $16 billion and Europe’s biggest hedge fund, is starting up a new fund. The hedge fund, based in Geneva,is likely to start trading next year, after the expiration of […]
Activist Hedge Fund reports 5% Ownership of Applebees
HedgeCo.Net (New York) – Breeden Capital Management LLC, the activist hedge fund of former Securities and Exchange Commission Chairman Richard Breeden, reported that it owns 3.9 million shares, or 5.24% of Applebee’s International Inc.’s common stock. In a filing with […]
Fund set to buy 2 sites in W. Palm
Palm Beach Post – Has the fat lady sung at Opera Place? A New York-based hedge fund confirmed it has contracts to buy two troubled downtown properties, including land belonging to the still-unbuilt Opera Place condo, the largest private development […]
Hedge fund pushes for sale of Phelps
Globe and Mail – Atticus Capital LLC, the New York hedge fund that recently helped scuttle Phelps Dodge Corp.’s friendly bid for Inco Ltd., is now talking with potential buyers for the U.S. copper producer. In a regulatory filing, Atticus, […]
Hedge funds heed call of the wild in EMs
Euro2day – Hedge funds are piling into emerging markets. In the past year alone, they have more than tripled their trading in emerging market bonds and now account for 45 per cent of annual volumes, according to research conducted by […]
Institutions pin hopes on hedge funds
MSNBC – Institutions such as pension funds will pour more than $500bn into hedge funds in the next four years, accounting for more than half of the expected inflows. According to a study by Casey, Quirk & Associates and the […]
ECB president stresses risk of hedge funds
MSN MoneyCentral – Jean-Claude Trichet, president of the European Central Bank, hinted strongly last night that he would prefer tougher regulation of hedge funds but said any measures would have torepresent “a global solution”. The Frankfurt-based ECB has gone further […]
LSE-holding funds hint that ready to sell at around 13 stg/share
Forbes – Hedge funds holding about 20 pct of the London Stock Exchange have privately indicated their willingness to tender shares at a price of about 13 stg each to a potential bid, the Financial Times reported. US-based Nasdaq has […]
New Star to Launch Hedge Fund Index Tracker
Black Enterprise – New Star Asset Management is to launch a passive hedge fund index tracker that aims to better mirror industry returns. The Hedge ETS will be a London-listed daily tradablesecurity, providing access to performance representative of the hedge […]
Cazenove to launch fund of hedge funds via IPO
Reuters – Cazenove Absolute Equity, part of investment company Cazenove Capital Management, said on Tuesday it was launching a new fund of hedge funds via an IPO later this month aimed at retail andinstitutional investors. Up to 100 million shares […]
Ashish Shetty – New Member of MD Sass Distressed Security Investment Team
HedgeCo.net – NEW YORK – Ashish Shetty has joined M.D. Sass Corporate Resurgence private equity funds and M.D. Sass Re/Enterprise hedge funds as a distressed security analyst. Previously, Shetty worked at CIBC World Markets as a Financial Analyst and […]