Author Archives: the HedgeCo News Team
Fidelity to open 3 funds in Japan for retirement
Boston Globe – Fidelity Investments, the world’s largest mutual-fund company, will start three funds in Japan focused on paying dividends to lure more individuals away from the safety of bankdeposits, which total about $6.3 trillion. Thomas Balk, who took over […]
Seattle hedge fund to target biotech
Seattle Times – Delafield Hambrecht, a Seattle investment firm, is working to raise $100 million for a hedge fund focused on biotechnology stocks. Launched earlier this month, the fund will be managed by Quynh Pham, a lauded stock-picker during her […]
Europe’s hedge fund industry grows
Reuters.uk – More than 330 new Europe-based hedge funds raised $27.82 billion (15.87 billion pounds) last year compared with 250 in 2004 who raised $22.79 billion, trade publication EuroHedge said onThursday. That represents a 32 percent rise in the number […]
Hedge funds turn heat on Arcelor
NDTV.com – The Arcelor management knows time is running as Arcelor CEO Guy Dolle faces his shareholders on Tuesday. The shareholders make up for 86 per cent of Arcelor’s stake and will be a crucial link to decide whether Mittal […]
Lower risks from hedge fund strategies causing a rethink
The Financial Standard – While global hedge funds continue to outperform global equities, the big news is that they are doing it for only one-third the risk. The latest GreenwichVan Hedge Fund Index report for January 2006 shows that the […]
Drug Maker Biovail Files $4.6B Lawsuit
ABC News – Biovail Corp., Canada’s largest drug maker, filed a lawsuit Wednesday in New Jersey seeking $4.6 billion in damages from 22 defendants, mostly hedge funds and investment researchers. The complaint alleges that Biovail was the target of a […]
You Can Bet on Dollar With Currency Funds
ABC News – Currency trading used to be a strategy employed by only the wealthiest investors and hedge funds, but a growing number of mutual and exchange traded funds make it possible for individualsto try it for themselves, with significantly […]
Lure of carry trades fades as investors turn cautious
LONDON (Reuters) – Steep falls in the high-yielding New Zealand dollar and the Icelandic crown are early warnings to investors that markets are turning their attention to macro imbalances brewing ineconomies offering higher interest rates. Higher interest rates in countries […]
Talking Funds of Funds With Citigroup’s Ray Nolte
TheStreet.com – Citigroup (C:NYSE – news – research – Cramer’s Take) runs a $37.6 billion alternative investment business called Citigroup Alternative Investments. It’sorganized around private equity, managed futures, structured products, real estate and hedge funds. Late last year, Ray Nolte […]
The Hedge Fund Report: Graduating From Harvard – TheStreet.com
TheStreet.com – Hedge fund managers are always bargain-hunting. An example is the recent interest in Price Communications (PR :NYSE – news – research – Cramer’s Take), aholding company whose sole claim to value is that its stock will become exchangeable […]
HedgeOp Compliance and Backstop Solutions Group Co-Host Seminar Series
New York, NY – February 22, 2006 – HedgeOp Compliance, LLC and Backstop Solutions Group, LLC (BSG) announced today that they will jointly host a series of seminars for hedge fund managers. The seminars will deal with the complex and […]
Jeffries Significantly Expands Prime Brokerage Services
NEW YORK, February 22, 2006 — Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), today announced the hiring of a six-person team of industry veterans to enhance its prime brokerage unit. The group will […]