Author Archives: the HedgeCo News Team
Tired? Poor? Forget It. Send Us Your Capital!
IN THREE AND A HALF DECADES, the U.S. dollar has gone from being anchored by gold to being underwritten by hedge funds. Think about that for a moment. Until Aug. 15, 1971, America said its currency was worth something — […]
Hedge Funds Go Hollywood
Hedge funds have gone Hollywood. Chasing high returns, money managers are plunking down hundreds of millions of dollars to finance films like “Superman Returns” and “Nanny McPhee.” For entertainment lawyers, it’s an opportunity to shine in new supporting roles. The […]
Thematic: Advice will be key for wider hedge fund access
Clear advice on hedge funds is seen as a vital element of giving retail investors access to the asset class, but firms disagree on the most effective method to open long-short vehicles to wider investment. According to Martin Cornish, a […]
Hedge fund buys stake in Tribune
Tribune Co. shares jumped nearly 5 percent yesterday after billionaire investor Nelson Peltz reported he acquired a 1.2 percent stake in the company. According to a filing Monday with the Securities and Exchange Commission, Peltz’ Manhattan-based hedge fund, Trian Fund […]
Steve Gidumal – New Managing Director & CO-CIO Of MDSASS Resurgence & Re/Enterprise Funds
NEW YORK — Steve Gidumal, 48. has joined Resurgence Asset Management’s distressed security investment team as Managing Director and Co-Chief Investment Officer of the M.D. Sass Corporate Resurgenceprivate equity funds and M.D. Sass Re/Enterprise hedge funds. Gidumal will share portfolio […]
Hedge funds see shift away from equity strategies
Hedge funds pursuing multi-asset class and fixed income-related trading strategies are an increasingly important segment of the industry, according to a new report from m.a.partners, an independent management consultancy. Richard Spencer, partner at m.a.partners, expects these two categories to account […]
Hedge Funds, Buyout Firms Favor Democrats With Campaign Money
Aug. 14 (Bloomberg) — Democrats are collecting more than two-thirds of the campaign donations from employees of the biggest hedge funds and buyout firms, as the party taps into one of Wall Street’s fastest-growing sources of wealth. Of the $7.4 […]
European investors fled from funds in June
LONDON (Reuters) – European investors pulled a record 24 billion euros (16 billion pounds) from funds in June as they took fright from a fall in equities a month earlier, though British investors reacted more calmly, according to a report […]
Implications of MiFID for hedge fund managers
The Markets in Financial Instruments Directive (MiFID), due to be effective across the EU/EEA from 1 November 2007, will have significant implications for all asset managers including hedge fund managers located in the EU/EEA. As part of the European Commission’s […]
Credit Suisse/Tremont Hedge Fund Index Is Up 0.29% in July
NEW YORK, NY, August 15, 2006 — The Credit Suisse/Tremont Hedge Fund Index is up 0.29% in July, according to Oliver Schupp, President of the Credit Suisse/TremontHedge Fund Index. “The intensifying Middle East conflict, demand in China and concerns about […]
LRG Capital hires GE Veteran
Larkspur, CA, August 14, 2006 – LRG Capital Group LLC, a global merchant bank that invests in and provides advisory services to small and mid-cap public companies, today announced that Paul Enderlehas joined the firm as Managing Director. Mr. Enderle, […]
Ritchie Capital Finance Provides $8 Million in Financing to AccessLine Communication
Chicago, Illinoisâ€â€August 14, 2006â€â€Ritchie Technology & Life Science Finance, a division of Ritchie Capital Finance, announced that it has recently closed $8 million in debt financing toAccessLine Communications Corporation, a Seattle, Washington-based firm that provides an array of hosted VoIP […]