Author Archives: the HedgeCo News Team
Yorkville Advisors Appoints Pension Sales Veteran To Head Investor
Jersey City, NJ – July 6, 2006 – Yorkville Advisors LLC, a firm engagedin providing financing solutions to growing companies in the small-capsector worldwide, today announced that it has appointed Tom Anderson tothe newly created position of Director, Investor Relations. Mr. […]
U.S. Firm Has Korea Up in Arms
Gainesville Sun – South Korean authorities are continuing a high-profile investigation into Lone Star, the Dallas-based private-equity fund, fueling a public backlash against excessive profits made by foreign investment funds. Just eight years ago, Lone Star was hailed as a […]
Long Island’s richest man
Newsday – He’s been called the richest Long Islander, and not a lot of people know who he is. At an estimated $2.6 billion, James Simons’ net worth is greater than Cablevision’s Charles Dolan. A few times more than Computer […]
Hedge fund career allure is still strong
Reuters Italia – Fund management companies face a tough fight to hold onto talented employees against the lure of hedge funds, a research executive said on Tuesday. With many managers defecting to hedge fund start-ups and other small companies to […]
Volatility gets better of hedge funds
Business Standard – The idea of hedge funds may well be to predict market movements ahead of time and act swiftly to produce the best possible returns in absolute terms, but this genre of funds don’t seem to have been […]
Behind Wall Street failure: Unregulated Bermuda unit
Daily Camera – At 7:32 in the morning on Oct. 13, Paul Van Dillen tapped out an urgent email to Refco Inc. “Please return $9.9 mm,” he instructed the New York-based brokeragefirm. Refco had a reputation for stellar service, but […]
Hedge Fund Issues Global Stock
WEST PALM BEACH, FL (HEDGECO.NET) – The CMA Global Hedge PCC Ltd in London has issued 3 classes of shares in their new hedge fund IPO, priced at $10, E10 and £10. Shares worth £20 million or more will be […]
Restrictions on EU hedge fund industry should be eased
Forbes – The EU hedge fund industry should be free to offer its services across different member states and face fewer obstacles when marketing its products to investors, theFinancial Times quoted a European Commission report as saying. The paper, which […]
Hedge funds foray into banking territory
Reuters – Some large multistrategy hedge funds are beginning to look more like mini banks as they stray from their usual haunts in stock and bond markets to new areas which include financing andinsurance. Motives include the hunt for higher […]
US hedge fund kicks the Tire
National Post – It has been a quiet month on the surface for Canadian Tire Corp. since New York hedge fund manager William Ackman stirred up a flurry of interest in the retailer. But behind the scenes, a report on […]
Hedge fund exec accused of Ponzi scheme
HMC International, a hedge fund based in Montvale, boasted of returns in excess of 30 percent in 2003 and 2004. Those are fairly impressive re sults for most investments. But it was particularly noteworthy for HMC, mainly because authorities say […]
Hedge fund plots to sack platinum boss
The Sunday Times – AN American hedge fund has launched a ferocious attack on the chairman of African Platinum (Afplats), the AIM-listed mining company, sparking an international row. North Sands, based in Connecticut, has in the past two weeks built […]