Author Archives: the HedgeCo News Team
Investor sues Hennessee over Bayou investment
BOSTON, Oct 14 (Reuters) – A prominent hedge fund consulting group was sued by one of its clients this week for having suggested putting $3.25 million into Bayou Group, a hedge fund that collapsed last month, court papers show. DePauw […]
Portus receiver looks for $4.5 million US diamond
TORONTO (CP) – A court-appointed receiver trying to track down money invested with Portus Alternative Asset Management Inc. is searching for a 22-carat diamond worth $4.5 million US and other gemsbought on behalf of company co-founder Boaz Manor this summer. […]
Scandals make hedge fund sleuthing pay off -experts
BOSTON (Reuters) – Back-to-back hedge fund scandals are sending investors a frightening message: Spend a few thousand dollars now to sidestep a multimillion-dollar fraud later. Lawyers and investigators said this week that the collapse of hedge fund Bayou Group and […]
Another Fishy Hedge Fund
( www.businessweek.com ) – A mysterious money manager, nonstop hype, plunging returns, empty offices, and now an SEC probe — the intrigue at Wood River deepens. Ketchum, Idaho, is the kind of place where people tend to know each other. […]
Hedge fund manager Cacioppo says industry coping well
LONDON (Reuters) – Hedge fund assets have surged in recent years while returns have slipped, but the industry that prides itself on flexibility and innovation will come through, a speaker at the Reuters Corporate Finance Summit said. Jim Cacioppo, president […]
Overstock strengthens its lawsuit against hedge fund, research
The Salt Lake Tribune – Overstock.com on has beefed up its lawsuit against a major hedge fund and a research firm accused by the online retailer of conspiring to drive down the company’s stock. The Utah company claims Rocker […]
Bond tied to hedge fund launched
Financial Times – Barclays Capital and Signet Capital Management have launched a bond linked to the performance of a portfolio of hedge funds, capitalising on escalating interest in such non-traditional investments. Unusually for a hedge fund-related investment, the bond will […]
Hedge fund says has 9.3 pct stake in Delphi
NEW YORK, Oct 12 (Reuters) – Appaloosa Partners Inc., a New Jersey-based hedge fund that invests in securities from distressed companies, has amassed a 9.3 percent equity stake in Delphi Corp (DPHIQ.PK: Quote, Profile, Research), an auto parts-maker that sought […]
FSA says institutions should beware hedge fund risks
LONDON (Reuters) – Institutions such as pension funds should carefully check out the hedge funds they invest in and understand that they may be risking their capital if a fund collapses, the Financial Services Authority said. Tom Huertas, the FSA’s […]
RAB’s Richards Goes Nuclear in Picking Stocks for Hedge Fund
Oct. 12 (Bloomberg) — RAB Capital Plc, a London-based hedge fund manager, increased its investment in companies that mine for uranium, betting concerns about global warming will make nuclear energy more popular. RAB bought shares of Canada’s Cameco Corp. and […]
NAV denies Wood River hedge fund audit claims
NEW YORK, Oct 11 (Reuters) – Hedge fund Wood River Partners LP, which sources said is under investigation by the U.S. Securities and Exchange Commission, told investors it employed bookkeepers from NAV Consulting, but NAV’s president denied the claim on […]
JP Morgan says hedge funds not major M&A players
LONDON (Reuters) – Hedge funds do not appear to be launching a major push to force European companies to revamp their boards or make merger and acquisition deals, a senior J.P. Morgan executive said on Wednesday. “Hedge funds are vocal, […]