Author Archives: the HedgeCo News Team
Hedge Fund Assets On the Rise
HedgeCo.Net (New York) – The 2006 hedge fund asset flow report by Tremont Capital Management Inc. shows that hedge fund assets increased 4.19% in the second quarter. Suggesting that the hedge fund industry is continuing to attract assets at a […]
Hedge Funds Score in Adult Entertainment
HedgeCo.Net (New York) – New Frontier Media, producer and distributor of adult themed entertainment has been put into the hedge fund spotlight. One of the company’s biggest shareholders is Steel Partners, a hedge fund run by Warren Lichtenstein, a manager […]
Corporate raider has designs on Snowshoe
Charleston Daily Mail – A corporate raider, Pirate Capital, is taking aim at Intrawest Corp., the corporate parent of Snowshoe Mountain Resort. The outcome could be a new owner for Snowshoe, a premiere West Virginia ski resort and the largest […]
Hedge fund manager decries lack of support
MSN MoneyCentral – Phil Goldstein, the activist hedge fund manager whose court challenge forced the Securities and Exchange Commission to abandon its plan to force hedge funds to register, has abeef. “Where were all the other guys?” he asks. “Where […]
Tax Shelters Under Scrutiny at Seattle Hedge Fund Firm
New York Times – A Seattle hedge fund firm has come under scrutiny as a result of its work with questionable tax shelters. Last week, for the second time in three years, a Senate subcommittee described the firm, the Quellos […]
IPO to pay hedge fund’s dividend debt
Philadelphia Inquirer – A Miami hedge fund plans a $115 million initial public offering for Claymont Steel Holdings Inc. and would use the proceeds to reduce debt used largely for dividend payments to itself. H.I.G. Capital bought Claymont Steel, formerly […]
MD Sass And Macquarie Group Form New Joint Venture
NEW YORK, August 10, 2006 – MD Sass, a leading investment management firm, and the Macquarie Group, a global financial services organization, today announced theestablishment of a new joint venture. The partnership will manage a $273 million alternative strategies private […]
UPDATED: Hedge Fund Manager Wins for Charity
HedgeCo.Net (New York) – David Einhorn, founder and CEO of hedge fund Greenlight Capital, raised $659,730 for the Michael J. Fox Foundation for Parkinson’s Research byfinishing 18th in the World Series of Poker’s main event. After jumping to third place […]
Hedge fund Ospraie adds manager for energy stocks
Reuters – Hedge fund firm Ospraie Management said on Tuesday it added another manager to trade in energy-related stocks at a time when the sector is delivering strong returns. New York-based Ospraie, which manages roughly $4 billion in four funds, […]
Debt fears cast shadow over banks
LONDON (Citywire) – Fund managers are keeping a watchful eye on their bank holdings following last week’s surprise interest rate rise, which was accompanied by news of a surge in home repossessionsand followed a wave of increases in lenders’ bad […]
Bryan Garnier starts first hedge fund
LONDON (Reuters) – The recently-formed asset management arm of European investment bank Bryan Garnier & Co said on Tuesday it has launched a European equity hedge fund, the first in a series to be rolled out over the next 18 […]
Hedge funds lose a smidgen in July-Barclay Group
Reuters – The average hedge fund ended July nearly where it started, posting a tiny loss during a month marked by more stock market price swings, according to data released on Monday. The Barclay Hedge Fund Index, compiled by the […]