Category Archives: HedgeCo News
$200 Million Designated to Alternative Investments by Chicago Media Company
West Palm Beach (HedgeCo.net) – Noci Pictures Entertainment a Chicago and Los Angeles film production and structured finance company thinks it may have the answer and its own opportunity with its $100 million dollar international tax advantaged structured film deal […]
Aviva Announces Increased Hedges
West Palm Beach (HedgeCo.net) – UK asset management group and hedge fund investor Aviva plc ("Aviva") is holding an investor and analyst briefing to announce the strengthening of its protection against further falls in global equity markets through increased hedges. […]
Hedge Fund Manager Attempts Overhaul of Noront’s Board of Directors
West Palm Beach (HedgeCo.net) – Hedge fund manager Rosseau Asset Management Ltd. and certain related parties have filed a dissident’s proxy circular (the "Dissident’s Circular") to Noront Resources Ltd., in which the hedge fund group controls over approximately 9.2% of […]
Drake Shuts Down Hedge Funds, Looks to Future
New York (HedgeCo.Net) – Drake Management has officially closed up shop on all three of its hedge funds, delisting them from the Irish Stock Exchange yesterday. The firm decided to wind down their $2.5 billion Global Opportunities Fund in May, […]
More Bad News for Hedge Fund Appaloosa
New York (HedgeCo.Net) – Hedge Fund Appaloosa Management may have tried to turn their back on Delphi, but somehow they just can’t seem to get away. Ensnarled in a nasty court battle with the Michigan auto parts supplier, the judge […]
Hedge Funds Outperform Equity in September
West Palm Beach (HedgeCo.net) – Hedge funds measured by both the Greenwich Global Hedge Fund Index ("GGHFI") and the Greenwich Composite Investable Index ("GI2") significantly outperformed equity indices despite posting their greatest losses since August 1998 during September. "It was […]
Citigroup, Wells Fargo Battle for Wachovia Continues
New York (HedgeCo.Net) – The tug of war over Wachovia continued yesterday, as Citigroup and Wells Fargo tried to reach an agreement over the future of the Charlotte-based bank. According to transcripts from a teleconference held between U.S. District Judge […]
The Group Of Thirty Issues Supervisory Report
West Palm Beach (HedgeCo.net) – The Group of Thirty released a new report, ‘The Structure of Financial Supervision: Approaches and Challenges in a Global Marketplace’. The report was issued after the meeting of G7 finance ministers and central bank governors […]
Bear Stearns Hedge Fund Probe Expands
New York (HedgeCo.Net) – The infamous collapse of the two $1.8 billion Bear Stearns hedge funds that many believe helped spark the credit crisis is still being investigated, and now other banks and individuals are being probed in the process. […]
UPDATE-Airline Files For Chap.11 After Petters Arrest
West Palm Beach (HedgeCo.net) – Holiday airline Sun Country filed for bankruptcy yesterday, just 3 days after the arrest of investor Thomas Petters, founder of Petters Group Worldwide, the firm that owns Sun Country among other investments. Petters was charged […]