Author Archives: the HedgeCo News Team
Emerging Market Hedge Funds Pick Exotic Stocks
WEST PALM BEACH, FL (HEDGECO.NET) – Emerging market hedge funds who are investing in Exotic stocks, have started looking at the banks in the former Soviet republic of Georgia, companies in Kenya, oil refineries in the central Russian republic, and […]
Lehman Poaches Bush Cousin for Hedge Funds
New York Post – After months of courtship, Lehman Brothers landed George H. Walker IV – a gilded Goldman Sachs partner and President Bush’s second cousin – as head of its huge asset managementbusiness. That division, which has almost $200 […]
Missing hedge fund manager arrested in Miami
Bradenton Herald – A hedge fund manager who has been missing for three months since he was accused of defrauding hundreds of investors, including several famous athletes, was arrested at a MiamiBeach hotel Wednesday, FBI officials said. Kirk Wright, of […]
Currency platforms fight for growing FX business
Reuters – Scrambling for business, trying to attract hedge funds and changing ownership — currency trading platforms are having a busy year. Signs of increasing volume in the global foreign exchange markets — $1.9 trillion a day at the last […]
Liffe trade hits record following equity falls
Financial Times – Unusually high levels of derivatives-related trading by banks and hedge funds appear to be contributing to the sharp sell-off and volatility in some of the world’s equity markets. The volume of trading in FTSE 100 futures contracts […]
Market falls refresh hedge fund allure
Reuters.uk – The recent sharp drop in equities markets is a timely reminder of the benefits of alternative investments like hedge funds, a senior Credit Suisse bank executive told Reuters in aninterview on Thursday. The hedge fund sector had lost […]
Market Discipline Better Than Tighter Regulations for Hedge Funds
WEST PALM BEACH, FL (HEDGECO.NET) – Ben Bernanke, US Federal Reserve chairman, said allowing hedge funds and trading partners to manage risk and impose discipline in the sector made “economic senseâ€Â, expressing scepticism about proposals to give regulators more oversight. […]
Hedge Fund Increase Stake in The Mills Corp
WEST PALM BEACH, FL (HEDGECO.NET) – San Francisco-based hedge fund, Farallon Partners increased it’s stake in The Mills Corp to a total of 3.68 million shares, or 6.5 percent. Farallon’s increase in shares and voting power follows Mills’ filing last […]
Fed: Hedge Funds Get Too Much Credit
CFO.com – Banks should impose stricter lending standards on hedge funds, the president of the Federal Reserve Bank of New York said Tuesday. That is the strongest suggestion yet that bank regulatorsremain concerned about often incestuous relationships that allow banks […]
Bundesbank’s Meister calls for code of conduct for hedge funds
Forbes – Bundesbank board member Edgar Meister said hedge funds should open up their books for public grading by rating agencies and introduce a code of conduct so as to makethe industry more transparent. In an interview with the Financial […]
Fund Buys 13% Stake in Movie Gallery
Seeking Alpha – New 10% Owner/Continued Institutional Buying for Movie Gallery (MOVI): A hedgefund that concentrates on special situation investing in financially troubled and distressed clients has increased its stake in Movie Gallery (MOVI), buying the stock on the same […]
Pension funds not big hedge fund investors-report
Reuters – Pension funds invest only a small fraction of their assets in hedge funds even as these lightly regulated portfolios pull in billions of dollars in new assets every month, a study releasedon Wednesday showed. Hedge funds made headlines […]