Category Archives: HedgeCo News
Hedge Fund Manager Launches Lettable Space Park In Romania
West Palm Beach (HedgeCo.net) – Argo Group, an emerging markets investment manager, announced the launch of The Era Shopping Park Iasi. Projected to generate EUR 18 million ($25.7 million) in annual rental income the launch is funded by Argo’s private […]
JPMorgan Purchases WaMu Branches for $1.9 Billion
New York (HedgeCo.Net) – JPMorgan Chase & Co. has purchased Washington Mutual’s branch network for $1.9 billion, making them the largest U.S. bank by deposits. The deal was encouraged by the U.S. government after consumers withdrew over $16 billion from […]
$700 Billion Rescue? Not All Republicans Are on Board with Bush
New York (HedgeCo.Net) – The $700 billion rescue plan proposed by the Treasury and backed by President Bush seems to be greeted with disdain by republicans and democrats alike. After excruciatingly long hearings and even an emergency meeting with the […]
Update – Vodia Expands Into Frontier Markets
West Palm Beach (HedgeCo.net) – Reflecting a growth in corporate activities, Vodia Group has rebranded as Finadium. The move was made, the re-named Finadium says, to showcase an ability to develop new ideas and create products and marketing strategies in […]
Bracewell & Giuliani LLP Announce Legislation Task Force
West Palm Beach (HedgeCo.net) – Bracewell & Giuliani LLP today announced that it has formed a multi-disciplinary Task Force to guide financial institutions, private investment funds, institutional investors and other market participants through the legislative, regulatory and enforcement challenges posed […]
Bernanke, Paulson Pushing $700 Billion Rescue Plan
New York (HedgeCo.Net) – Federal Reserve Chairman Ben Bernanke joined Treasury Secretary Henry Paulson yesterday in an attempt to sway lawmakers to pass a $700 billion rescue plan that would purchase illiquid mortgage-backed assets in an attempt to restore the […]
Citadel resolves spat with JP Morgan
JP Morgan Chase & Co and Citadel Investment Group resumed trading with each other on Friday, one day after the bank had cut off the hedge fund over a hiring dispute, a person familiar with the matter said. "The dispute […]
MSCI Barra Joins Morningstar Arrangement
West Palm Beach (HedgeCo.net) – MSCI Barra and Morningstar have entered into an arrangement to calculate and distribute hedge fund indices jointly. “We are delighted to be working with Morningstar, and believe that this exciting development will greatly benefit all […]
Rooney Brothers Put up Steel Curtain for Hedge Funder Druckenmiller
New York (HedgeCo.Net) Hedge fund billionaire Stanley Druckenmiller has pulled his bid for his beloved Pittsburgh Steelers that he originally placed over nine months ago. Rooney brothers Tim, John, Pat and Art Jr., had been wavering on their decision of […]
Biggest Losers: A Look at Who Barely Escaped the Wrath
New York (HedgeCo.Net) – The past few weeks have been a whirlwind of sinking financial institutions, government bailouts, plummeting stock prices, last minute mergers and a sweeping panic that extended far beyond Wall Street. Like any series of drastic events, […]