Author Archives: the HedgeCo News Team
Schroders buy adds to funds-of-hedge-funds spree
MarketWatch – On Tuesday, Schroders PLC (SDR.LN) agreed to pay $101 million for London-based NewFinance Capital, which has $2.5 billion in fund-of-hedge-fund assets under management. A further $41 million will be paid out if the unit meets certain revenue targets […]
Hedge fund managers bridle under new regs
Boston Business Journal – New disclosure rules handed down by the Securities and Exchange Commission are rippling through Boston’s investment community, triggering confusion and even some animosity among local hedge fund managers who say the regulations miss the mark. SEC […]
Norshield funds may never be found
The Globe and Mail – Investors who put money into hedge funds managed by Norshield Financial Group will likely get back a maximum of 10 cents for every dollar they invested in the insolvent company. The actual recovery could be […]
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 […]
Crescent City Capital Advisors Announces Launch of New Hedge Fund
Boca Raton, FL. January 2, 2006 – Crescent City Capital Advisors, L.L.C. (CCCA) announced that they have launched the Crescent City Dedicated Short Fund, L.P., a short-biased hedge fund. Crescent City Capital Advisors L.L.C. is an alternative strategy asset management […]
Hedge Funds Find Returns in Making Small Loans
New York Times – On a summer day in 2003, Anthony DiMartino was helping pour concrete on a construction job in Manhattan when he tripped on a cable sticking out of the ground and fell, injuringhimself. While the operations on […]
Schroders’ 2005 profits rise, makes acquisition
Reuters.uk – Investment manager Schroders (SDR.L: Quote, Profile, Research) reported an 18.5 percentrise in pretax profit for 2005 and said on Tuesday it was buying a hedge fund business for up to $142 million. Profits before tax rose to 250.7 […]
Arcelor denies hedge fund call for Mittal talks
European steel group Arcelor on Monday, dismissed a call to open talks with suitor Mittal Steel by a hedge fund known for its active participation in bid situations. Hedge fund Atticus Capital said that it had written to Arcelor’s chief […]
Growth of fund of hedge fund assets slows-survey
Reuters – Weak average returns slowed the growth of assets managed by the world’s largest fund of hedge fund groups to around 12 percent last year from 42 percent in 2004, trade publicationInvestHedge said on Monday. The survey showed assets […]
Portus fails to taint hedge fund sector
National Post – The Portus Alternative Asset Management Inc. scandal may have put Canada’s fledgling hedge fund industry on the global map last year, but not in a way anyone in the business would have liked. At hedge fund conferences, […]
Broncos sue hedge fund
Rocky Mountain News – The former Denver Broncos players liked the investment pitch, pouring millions of dollars into the Atlanta-based hedge funds. Now they say they were burned. Steve Atwater, Terrell Davis and Ray Crockett, along with other investors including […]