Author Archives: the HedgeCo News Team
Risky hedge fund dealings smash nest egg
Atlanta Journal Constitution – In a day that should have been stuffed with scrapbook memories for Calvin Paris, he met the man who has turned his life into a cautionary tale. Among the guests at his son’s wedding was Kirk […]
London Hedge Funds Pass US$225 Billion in 2005: IFSL –
Black Enterprise – Hedge fund assets managed from London grew 18% to US$225 billion, making the U.K. capital one of the industry’s fastest-growing centers, according to the 2006 edition of the International Financial Services, London hedge fund report. This news […]
Australian shares close slightly lower on pullback from record highs
ForbesShare prices closed mildly lower after the market pulled back from record highs reached yesterday as investors consolidated positions, dealers said. They said oil stocks were responsible for much of the pull back but leading miners BHP Billiton and Rio […]
Motient says court dismisses hedge fund suit
Reuters – A Delaware court late Friday dismissed a lawsuit filed by hedge fund Highland Capital Management LP against Motient Corp. (MNCP.PK: Quote, Profile, Research) directors and other defendants, claiming breach of fiduciary duties and other charges, Motient said on […]
The Hedge Fund Report: Another Way to Bet With Pros
TheStreet.com – Want exposure to hedge funds without investing directly in one? Need access to the alternative asset class while at the same time preserving capital? The answer may be a structured product, a semi-exotic investment instrument in which a […]
Managed Funds Association Hires Robert J. Conant as Vice President, Business Development
WASHINGTON, D.C., March 21, 2006 — Managed Funds Association (MFA) announced today that it has hired Robert J. Conant as vice president, business development, a new position, based in New York. His appointment is effective immediately. Mr. Conant joins MFA […]
Weill Protege Carpenter To Quit Citigroup
Forbes – Michael Carpenter, once a contender for the chief executive’s job at Citigroup, is quitting the company in May to start an alternative investments venture. Carpenter, 58, has been head of Citigroup Alternative Investments since getting shoved aside as […]
UK Hedge funds laws to be relaxed
Scotsman – THE City’s financial watchdog will this week pave the way for hedge funds to be sold to small investors. It is currently illegal to market hedge funds to ordinary investors in Britain, but the Financial Services Authority is […]
Pandit, Havens to Start Hedge Fund With $2 Billion (Update1) –
Bloomberg – Vikram Pandit and John Havens, former top executives at Morgan Stanley, plan to open a hedge fund next month after raising at least $2 billion from investors, said three people with knowledge of the decision. Old Lane LLC […]
S&P- Convertible bond hedge funds star in February
Reuters – A growing recognition that convertible bonds are cheap combined with the busiest month for merger activity since early 2000 to boost hedge fund performance in February, Standard &Poor’s said on Thursday. S&P’s overall hedge fund index returned 0.8 […]
Stocks’ ratings shape Schwab’s Hedged Equity
Seattle Times – Schwab Hedged Equity Fund’s Vivienne Hsu bets on, and against, stocks according to ratings her firm assigns. Otherwise, she might not own Payless ShoeSource, the fund’s second-largestholding. Payless, which operates about 4,600 shoe stores, amounted to 3.4 […]
Angry CEO takes aim at short-sellers and cohorts
San Diego Union-Tribune – It didn’t take long once Utah’s Overstock.com became a publicly traded company for Patrick M. Byrne to show he is no ordinary company president. He quoted Chairman Mao in a letter to shareholders. He said investors […]