Author Archives: the HedgeCo News Team
EU pensions committee eyes hedge fund role
IPE.com 14/Nov/05: EUROPE – The European pensions supervisory committee CEIOPS wantsto serve as a focus for debating issues that impact occupational pension supervision from other sectors, such as hedge funds. “CEIOPS should serve as the lead forum for discussing any […]
Hedge Fund Sleuths
BusinessWeek – The recent high-profile blowups of two hedge funds, Bayou Management and Wood River Capital Management, have raised an important question: What can hedge fund investors do to avoid getting burned by unscrupulous managers? The answer: Quite a bit, […]
Hedge fund K Capital pressures OfficeMax
BOSTON, Nov 14 (Reuters) – Hedge fund K Capital, the largest shareholder in office supplies chain OfficeMax Inc. (OMX.N: Quote, Profile, Research), on Monday told the company that it wants management to put together a detailed turnaround plan to help […]
Heard on the Street: Hedge funds avoid SEC registration rule
Pittsburgh Post-Gazette – Thursday, November 10, 2005 A large number of major hedge-fund firms won’t be registering with the Securities and Exchange Commission despite new rules aimed at forcing mosthedge-fund advisers to sign up by early next year. … Like […]
Refco Sold for a Song
Man Financial, one of the world’s largest hedge funds, won the Refco (RCXCQ:OTC – commentary – research – Cramer’s Take) sweepstakes Thursday, paying $282 million in cash for what’s left of the scandal-tarred commodities and derivatives brokerage. The London-based hedge […]
Hedge funds look to derivaties for low-cost exposure
LONDON, Thurs: Hedge funds are increasingly looking to derivatives to give them low-cost exposure to booming emerging market stocks, a global brokerage firm said yesterday. Many hedge funds prefer to use derivatives such as contracts for difference (CFD) because they […]
Citadel hedge fund forms second reinsurance firm
NEW YORK, Nov 7 (Reuters) – Citadel Investment Group, a leading hedge fund manager, is again pushing into the reinsurance market by launching a new Bermuda-based venture backed by $500 million in fund assets. The new reinsurance company, called New […]
Credit Suisse unites its hedge fund operations
LONDON (Reuters) – Credit Suisse (CSGN.VX: Quote, Profile, Research) is merging its hedge fund businesses to tighten management control and improve efficiency, said the head of the project, which is attracting attention and possible imitators in the industry. The revamp […]
Hedge-Fund Rule Yields Little Info So Far
NEW YORK -(Dow Jones)- Hedge funds are starting to register with the Securities and Exchange Commission, and so far the agency isn’t getting much useful information, according to a commissioner who opposed the new rule. Commissioner Paul Atkins, a Republican […]
Former Refco CEO to unveil new trading venture
Former Refco Chairman and CEO Thomas Dittmer, a legendary commodities trader for three decades, plans to return to Wall Street with a new investment venture that will compete with his former employer, USA TODAY has learned. Dittmer was in London […]
McDonald’s in the pressure cooker – Chicago Sun-Times
Pressure mounted on McDonald’s to break itself up Monday, with a major shareholder calling for the hamburger giant to spin off its company-owned restaurants. William Ackman, the general partner of Pershing Square L.P., pledged to divulge the details of his […]
Hedge fund manager accused of defrauding clients
BOSTON –A civil complaint against a hedge fund manager alleges he defrauded about 75 investors by hiding losses and overstating the fund’s value by about $29 million. The complaint by the Securities and Exchange Commission also alleges Mark R. Conway […]