Author Archives: the HedgeCo News Team

Investors Business Daily – In early 2004, Bret Grebow, the 28-year-old hedge fund manager, was living the high life. He claimed the value of his hedge fund surged 40% the previous year. He bought a $160,000 Lamborghini Gallardo. He chartered […]

MSNBC – The number of very rich people in the U.S. grew last year at the fastest pace in at least a decade as their moves into international stock markets, real estate and alternative investmentspaid off. The number of households […]

Middle East North Africa Financial Network – The legislation to regulate the managed funds industry within the DIFC has been enacted by His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of […]

International Herald Tribune – Hedge funds pose a diminishing threat to the financial system because their managers have improved oversight to satisfy pension plans and other institutional investors, Emil Henry, the U.S. Treasury’s assistant secretary for financial institutions, said Tuesday. […]

Scotsman – Fund of hedge fund firms will have to be more creative about the products they offer to survive in an overcrowded sector, said Bill Maldonado, head of alternative investments at HSBC Halbis Partners. Funds of hedge funds invest […]

Reuters.uk – Highway Insurance’s (HWY.L: Quote, Profile, Research) final-salary pensionscheme has decided to invest in alternative assets including private-equity and hedge funds, the company said on Wednesday. The Ockham Pension Scheme has assets of 80 million pounds. Its trustees have […]

MSN MoneyCentral – After almost a decade in the making, Switzerland’s new financial super-regulator is starting to take shape. Eugen Haltiner, a former senior UBS banker, is not yet officially its head. And the precise structure of Finma, the agency […]

Houston Chronicle – Reliant Energy said Tuesday it reached an agreement with hedge fund Seneca Capital Advisors, which had threatened to start a proxy battle to gain three board seats at the Houston-based power company. Reliant said Seneca had agreed […]

Reuters.uk – Hedge funds delivered strong returns in the first quarter of this year and with market volatility expected to rise and clear trends evident in currencies and bonds the omens for 2006 aregood. So far this year hedge funds […]

Bloomberg – Iceland may pay the highest yield in six years when it sells as much as 1.5 billion kronur ($19.8 million) of government bonds this week as the central bank raises interest rates and hedge funds roil the nation’s […]

Reuters – Hedge fund Third Point LLC on Tuesday urged Massey Energy Co. (MEE.N: Quote, Profile, Research) stockholders to approve twoof its candidates for the coal mining company’s board, saying they would provide “a new voice and a fresh perspective,” […]

Fort Worth Star Telegram – A hedge fund run by billionaire investor David Tepper launched a new bid Monday to slow Delphi Corp.’s restructuring plans, asking a judge to bar the company fromjettisoning its labor union agreements and its money-losing […]