Author Archives: the HedgeCo News Team
January 2006 Performance Review of the DOW Jones Hedge Fund Strategy Benchmarks
HedgeCo.Net – All of the six hedge fund strategies covered by Dow Jones Hedge Fund Indexes entered 2006 by posting net-of-fees gains in January. One point worth noting is that as per the indexes’ calculation methodology, at the start of […]
Greenwich exec’s new book opens doors to hedge fund industry
Stamford Advocate – Barton Biggs didn’t write “Hedge Hogging” for the money. He already has plenty of that. Obtaining celebrity status wasn’t a motivation either. As a top analyst at Morgan Stanley for 30 years, his name is well-known in […]
Shakers: Convexity Capital Management
International Herald Tribune – Jack Meyer, who outperformed most money managers for 15 years as head of Harvard University’s endowment, has raised a record $6 billion for his new hedge fund, according to two people with direct knowledge of the […]
Top hedge funds set sights on Arcelor
MSNBC – Prominent hedge funds have piled into the shares of Arcelor in the expectation of a higher bid from either Mittal Steel or another party. Mittal’s unsolicited €18.6bn offer for Arcelor has drawn intense interest from UK hedge funds […]
Pleasantville hedge fund manager challenges new rules
The Journal News.com – Phillip Goldstein likes to think of himself as a bulldog willing to wage a fight. For 13 years, those battles have generally been against corporate America through his $90 million hedge fund company with four employees […]
NASD Steps Up Hedge Fund Probe, Seeks Customer Data
Bloomberg – The NASD is expanding a probe of the world’s biggest brokerage firms for possible improper sales of hedge funds to individual investors, three people with direct knowledge of the matter said. The industry regulator sent letters to firms […]
Hedge fund star faces ban
The Sunday Times – ONE of Europe’s largest hedge funds and its star trader face censure by the City regulator as early as this week over an insider-trading scandal that has rocked the financialcapital. Sources close to the Financial Services […]
MAXAM Capital Management Selects Backstop IPM
HedgeCo.Net – Backstop Solutions Group, LLC (BSG) announced today that MAXAM Capital Management LLC, a diversified investment firm founded by hedge fund luminary Sandra Manzke, has chosen Backstop Investment Partnership Management software (Backstop IPM) to manage MAXAM’s portfolio management, manager […]
AIG Financial Products Corp. Announces Investment in Aspect Capital
AIG Financial Products Corp. (AIG-FP), a member company of American International Group (AIG), today announced that it has taken a 4.3% equity stake in Aspect Capital Limited a leading London-based hedge fund. In addition, AIG-FP announced that it provided US […]
The Rich Get Richer
– The 2005 fiscal year was generally good to college endowments, which saw an average rate of return of 9.3 percent, according to data being released today by the National Association of College and University Business Officers. While the average […]
NASD Steps Up Hedge Fund Sales Probe, Seeks Data on Customers
Bloomberg – The NASD is expanding a probe of the world’s biggest brokerage firms for possible improper sales of hedge funds to individual investors, three people with direct knowledge of the matter said. The industry regulator sent letters to firms […]
Top Lehman banker in Europe to join hedge fund
Reuters – Benoit d’Angelin, co-head of European investment banking at Lehman Brothers (LEH.N: Quote, Profile, Research), is to leave the U.S. firm tojoin hedge fund Centaurus Capital, the bank said on Thursday. Christian Meissner, currently co-head of German investment banking […]