Author Archives: the HedgeCo News Team
Hedge fund Richmond Group gained 8.3 pct in April
Reuters – Richmond Group Fund Ltd., a $150 million hedge fund group specializing in currency trading, on Wednesday said its Global Currency Program fund returned 8.31 percent for April due to U.S.dollar declines against other currencies. The Manakin-Sabot, Virginia-based investment […]
Hedge Funds invest in Hollywood
WEST PALM BEACH, FL (HEDGECO.NET) – Sir George Mathewson, former chief executive of Royal Bank of Scotland, is to become chairman of hedge fund Toscafund Holdings. It is his second appointment in a week since retiring on 28 April after […]
Sal. Oppenheim acquires stake in UK Hedge Funds
WEST PALM BEACH, FL (HEDGECO.NET) – Sal. Oppenheim was founded in 1789 and is based in Cologne, Germany. Active in the field of corporate finance, Mergers & Acquisitions, Equity Capital Markets, Real Estate Advisory and Financial Institutions they have recently […]
Bernanke urges caution on hedge funds
Centre Daily – Financial authorities must stay attuned to any potential risks posed by the growth of hedge funds, an investment domain of the wealthy that has become more popular with smallerinvestors, Federal Reserve Chairman Ben Bernanke suggested Tuesday. “Authorities […]
Walkers Sees Rise in Hedge Fund Financing for Distressed Funds – PR Newswire UK (press release)
WEST PALM BEACH, FL (HEDGECO.NET) – Walkers, the global offshore law firm of choice for investment banks, international law firms, collateral managers, and other financial institutions, said today that the trend of hedge funds investing in distressed funds that are […]
Bundesbank urges hedge fund code
Financial Times – The world’s hedge funds should open up their books for public grading by rating agencies and introduce a code of conduct, according to proposals by Germany’s Bundesbank forincreasing transparency in the trillion-dollar industry. // The Bundesbank’s proposals […]
Three indicted in hedge fund case
Bizjournals.com – Three Colorado Springs men have been arrested in connection with an alleged hedge fund scheme that defrauded about 350 people out of a total of approximately $7.5 million, Colorado’s Attorney General John Suthers and Securities Commissioner Fred Joseph […]
Two US Senate Republicans question SEC hedge fund rule
Reuters – Two Senate Republicans on Tuesday questioned whether the U.S. Securities and Exchange Commission had the authority to adopt a rule requiring hedge fund advisers to register with theinvestor protection agency. Republican Mike Crapo of Idaho said at a […]
AIMA Launches Cayman Islands Chapter
WEST PALM BEACH, FL (HEDGECO.NET) – The Alternative Investment Management Association (AIMA) – the global hedge fund and alternative investment industry association – has today announced the launch of its Cayman Islands Chapter. The new Chapter is unique in the […]
Oil extends fall below $70
CNN International – Oil extended recent sharp losses on Tuesday along with other commodities, on concerns that high energy and raw material costs may hit demand and slow global economic growth. U.S. light crude oil was trading 14 cents lower […]
FUND VIEW-Good potential in Latin America
Reuters – Latin American bond and equity markets offer investors strong potential for large returns despite the bloodbath on commodity and stock markets on Monday, a hedge fund firm told Reuters. Hedge fund firm Emergent Asset Management and Argentina’s MBA […]
Investigators Search for Hedge-fund HK Diamonds
Diamonds.net – Financial investigators are trying to locate a stash of 100 diamonds bought in Hong Kong using money linked to a high-profile hedge-fund scandal in Canada. The tangled web leading to the diamonds involves a Hong Kong diamond merchant, […]