Author Archives: the HedgeCo News Team
Conference to Discuss Effect of Hedge Funds on Distressed Debt Market
WEST PALM BEACH, FL (HEDGECO.NET) – The face value of distressed debt in the United States is estimated to exceed $600 billion. Prominent and lesser known distressed managers control a significant percentage of this country’s steel production, movie theaters, textile […]
Thames River to Maintain Hedge Fund Privacy
WEST PALM BEACH, FL (HEDGECO.NET) – Thames River, which oversees about $8.5 billion (4.6 billion pounds) of assets in hedge fund and traditional portfolios, said on Thursday it will not float in the stock market and that it was in […]
Hermes proposes changes for BT fund
Financial Times – Hermes, the asset manager of the BT pension scheme, is proposing a radical investment switch that could dramatically reduce the exposure of the UK’s largest pension fund to the UK stock market in favour of overseas stocks […]
Big Risk on Campus
BusinessWeek – Hot portfolios at Harvard and Yale have smaller colleges moving aggressively into hedge funds. They may be putting their endowments in jeopardy When the multi-billion dollar endowments at Harvard and Yale reported stellar returns during the bear market, […]
Finding Comfort (and New Friends) in Gold
Tuscaloosa News – IT’S a splendid spring day in Connecticut’s horse country and James E. Sinclair, perhaps the best-known gold speculator of his era, is sitting before his trading terminal,contemplating the upward thrust of gold on his trader’s chart. The […]
Hedge Fund Fees Make Blackstone, Lazard Risk Clients’ Loyalty
Bloomberg – Bruce Wasserstein, Stephen Schwarzman and Ken Moelis made their reputations on Wall Street by buying and selling companies. So why are they doing deals that Henry Paulson, chief executive officer of Goldman Sachs Group Inc., the king of […]
Caymans burnish image amid hedge fund growth
Reuters – For some, the Cayman Islands conjure images of beaches and turquoise waters. But this wind-swept trio of Caribbean islands also has a recurring image as a haven for shadowy financialdealings, a reputation Caymanians are trying to change. The […]
Hedge fund glitterati break charity record
London’s prosperous tribe of hedge fund managers trumped their New York rivals on Friday night after turning the annual ARK charity dinner into the richest ever single evening fund-raising event. The fabulous ball at Marlborough House, where 1,000 guests were […]
Hedge funds take flyers on film
Business Online – IT’S LIGHTS, camera, transaction. Over the past couple of years, hedge funds and investment banks have piled into Hollywood with big money deals. But rather than just lending to the studios, they are betting on potential box […]
US hedge fund ValueAct doubles its MDS stake
Globe and Mail – San Francisco hedge fund ValueAct Capital Partners LP has more than doubled its stake in MDS Inc. in the past 60 days to hold 6.6 per cent of the health sciences conglomerate. In a regulatory filing, […]
Hedge Funds: The New M&A Target?
TheStreet.com – Traditional asset managers want to tap into alternative assets to broaden the services they can offer to investors. More often than not, this leads them to acquire hedge funds, recruit hedge fund managers or incubate new hedge funds […]
InfoUSA tells shareholders to ignore hedge fund
Reuters – InfoUSA on Thursday urged shareholders to ignore calls from a hedge fund to vote the database firm’s founder off its board, the latest shot in an increasingly acrimonious proxy battle. In a letter to stockholders, infoUSA founder and […]