Author Archives: the HedgeCo News Team
Hedge fund firm sues to recover money for investors
Bayou Group, a collapsed hedge fund company whose founders pleaded guilty to fraud, has sued to recover funds for investors who lost money during the crime. The company has filed four complaints against investors who received payments from phony profits […]
Mirant should put itself up for sale, $2 billion activist hedge fund
SAN FRANCISCO (MarketWatch) — Pirate Capital LLC questioned Mirant Corp.’s efforts to acquire rival NRG Energy Inc. and said the company should instead put itself up for sale, according to a Securities and Exchange Commission filing by the activist hedge […]
Global Advisors opens new commodity funds
LONDON (Reuters) – Investment manager Global Advisors has launched two new commodity futures funds to meet strong demand from institutional investors, who now see the sector as a separate asset class. Commodity markets have slipped in the past couple of […]
Bayou Bankruptcy
WEST PALM BEACH, FL (HEDGECO.NET) – The Connecticut-based hedge fund, Bayou Group, filed bankruptcy in the United States Bankruptcy Court in New York under a Chapter 11 petition. They listed morethan $100 million in assets and an equal amount in […]
Hedge Funds seeing Metals Meltdown
WEST PALM BEACH, FL (HEDGECO.NET) – “Meltdown May†is a catch phrase for weary traders and managers who remember last year’s volatility in the hedge fund market. Now they are beginning tobelieve that this year’s troubles could be far worse. May has […]
Man Group’s Profits to double
WEST PALM BEACH, FL (HEDGECO.NET) – The world’s largest listed hedge fund, Man Group, has more than $48 billion in assets under management when announced last march. They are due to announce on June 1 a near doubling of profits […]
Metro Atlanta investment manager indicted
Atlanta Business Chronicle – Marietta resident Kirk Sean Wright, who ran International Management Associates and International Management Associates Advisory Group, was indicted Thursday on charges of mail fraud. Wright, who had been the subject of a search by federal law […]
ICE announces plans for first coal futures
MSNBC – The IntercontinentalExchange on Wednesday announced plans to launch its first coal futures in a move that highlights rising global demand and the growing importance of banks and hedge fundsin the energy market. The all-electronic exchange already lists utility-based […]
Fund managers weigh their options after market fall
LONDON (Reuters) – Fund managers who bought derivatives to protect their portfolios before the stock market’s recent downturn could have made a quick 10-fold return but most have held onto the insurance ahead of what is expected to be a […]
Fund managers to play and work at HedgeStock
Reuters – Eyes glued to the screen 14 hours at a time, no lunch breaks, on call 24 hours a day, buying, selling and settingnew trends is the busy image that comes to mind of a hedge fund manager. But […]
Banks scramble to catch up on hedge fund fees
International Herald Tribune – When Gerald Hassell, president of the Bank of New York, told shareholders this month that hedge funds presented “opportunities to drive this business,” he did not say how badly his company had been squandering those chances. […]
Hedge fund pay soaring to new heights
MSNBC – NEW YORK – From Wall Street to Main Street, CEO compensation is big business these days. How much does your hedge fund manager make? The chances are it’s a lot. Hedge Funds are hot. With inflows from pension […]