Category Archives: HedgeCo News
Recent Tax Rulings Affecting Hedge Funds
The Internal Revenue Service (“IRS”) has recently issued new rulings and regulations that have an impact on tax filings by many hedge funds. The new rulings deal with the deduction of investment interest expense for trading funds and fund-level expenses […]
Florida ABL Hedge Fund to Launch This Month
New York (HedgeCo.Net) – Jacksonville, Florida-based Advantage Capital Equity Solutions is set to unveil its new asset based lending hedge fund at the end of this month according to an article published in FINalternatives. The Advantage Capital Equity Fund II […]
Hedge Fund Man Group Shows Positive Product Return
West Palm Beach (HedgeCo.net)- Global Hedge fund Man Group has increased their assets under management from $74.6 billion at 31 March 2008 to $79.5 billion at 30 June 2008. "Demand for our fund products has remained strong, both from private […]
Hedge Funds Back MEVIO
West Palm Beach (HedgeCo.net)- Hedge funds Sequoia Capital, Sherpalo Ventures, Kleiner Perkins Caufield & Byers, and DAG Ventures were led by Crosslink Capital in investing $15 million in entertainment network MEVIO. Adam Curry, co-founder and president of the company said, […]
Activist Hedge Fund Told To Cease and Desist
West Palm Beach (HedgeCo.net)- A preliminary injunction has ordered two officers of activist hedge fund Costa Brava Partnership III LP of Boston to cease and desist, refraining from all contact with former, current and future auditors of Telos Corporation. Costa […]
Bernanke Outlines Plans to Stabilize Economy, Expand Fed’s Authority
New York (HedgeCo.Net) – In an effort to stabilize U.S financial markets and prevent further turmoil in the economy, Federal Reserve Chairman Ben Bernanke suggested expanding its control and authority over our country’s financial firms. Bernanke spoke at a Federal […]
Anheuser-Busch Fires Back at InBev, Files Suit
New York (HedgeCo.Net) – Budweiser maker Anheuser-Busch is suing InBev after declaring that their “bargain price” offer of $65 a share is illegal. Anheuser-Busch accuses InBev of using “deceptive conduct” to try to win control of the company. InBev recently […]
Yahoo/Microsoft Talks May Be Back On
New York (HedgeCo.Net) – After months of on-again off-again talks between Yahoo and Microsoft, the possibility of a merger looks to be back on. According to the Wall Street Journal, Microsoft said they may be interested in restarting talks if […]
New Hedge Fund Launches Total Record $19.5 Billion in First Half
New York, July 8, 2008 — The Absolute Return New Funds Survey, published in the July/August issue of Absolute Return magazine, shows that new hedge fund launches this year in the Americas totaled $19.5 billion, with the top five funds […]
GLG’s Hiring Spree
West Palm Beach (HedgeCo.net)- Soon after the scheduled departure of several senior traders and executives was announced, hedge fund GLG Partners has begun hiring new experts to fill in the gap. Experts such as as Galia Velimukhametova, Fabrice Bay, and […]