HEDGE FUND NEWS

New York, NY (PRWEB) April 30, 2008 — HedgeCo Networks LLC has received its first major outside investment from Inter-Atlantic Group, a private equity firm specializing in the financial services sector. The capital will be used by HedgeCo to expand business operations in both their New York City and West Palm Beach locations, as well […]

New York – April 30, 2008 – HedgeCo Networks LLC has received its first major outside investment from Inter-Atlantic Group, a private equity firm specializing in the financial services sector.   The capital will be used by HedgeCo to expand business operations in both their New York City and West Palm Beach locations, as well as […]

Financial Times - Two hedge funds besieging Atos Origin, the French computer services group, will support new directors proposed by the board even as they continue to demand the exit of several existing supervisory board members.
Bernard Oppetit, chairman of Centaurus Capital, also said the London hedge fund believed Atos was easing the conditions for it […]

The New York Post - A former hedge fund portfolio manager is suing his former employer claiming he was stiffed on his compensation at a time when he needed cash to care for his cancer-stricken son.
Stephen Czech claims that Jonathan Bauer, who runs the roughly $4 billion Contrarian Capital Management in Greenwich, Conn., is […]

The Telegraph - Hedge fund manager Daniel Och took home $484.8m (£242.4m) last year, largely as a result of the successful flotation of Och-Ziff Capital Management Group.
The amount earned highlights the continued success of Mr Och, a former Goldman Sachs trader who founded Och-Ziff 14 years ago with the financial backing of the Ziff Brothers.
Och-Ziff […]

West Palm Beach (HedgeCo.Net) - HedgeCo Networks LLC has received its first major outside investment from Inter-Atlantic Group, a private equity firm specializing in the financial services sector. The capital will be used by HedgeCo to expand business operations in both their New York City and West Palm Beach locations, as well as to break […]

Wall Street Journal- When Citigroup Inc. was launching a pair of hedge funds last year, it didn’t have to look far for investors. Brokers at the firm’s Smith Barney unit drummed up hundreds of millions of dollars from retail clients, including some who were told the fixed-income funds were a safe place to stash money.
Since […]

Times Online- Troubled hedge fund JWM Partners, founded by John Meriwether has made more than 10 people redundant.
Several staff have gone from its London office, which employs 17 people, and up to ten at its New York base.
Two partners based in London are also quitting.
A source at the company said that the […]

Forbes- "I love risk," says Renee Haugerud.
Those aren’t idle words. The 52-year-old launched her own commodity-based global macro fund a decade ago with only $5 million in assets and transformed it into a $1.3 billion heavyweight with outsized returns. To do so, Haugerud prowled the globe, taking big bets on a sometimes eccentric array of […]

FierceFinance- The likelihood that hedge funds would clamp down on redemptions went way in the past year; I can’t think of a better way to piss off your customers. Of course in some cases, hedge fund managers have no choice.
The rush to the exit would kill the firm. An interesting experiment of sorts seems […]

The Olympian- Both hedge funds and private equity funds are pooled investment vehicles designed to serve high- net-worth and institutional investors.
Hedge funds, which may be concentrated portfolios of both private and public securities, can invest borrowed assets.
They may hold short positions, which allow the funds to profit when a security declines in value, […]

FINalternatives - Ashton Bradbury is stepping aside as manager of Old Mutual’s UK Specialist Equity hedge fund to enter the firm’s boardroom.
Bradbury, who will also stop managing the firm’s UK Select Mid Cap fund next year, has been named Old Mutual’s first head of equities, focusing on broader strategy issues and business development. He will […]