Yearly Archives: 2007
Britain, Germany, France to act on hedge funds
Guardian Unlimited- The leaders of Germany, France and Britain will draw up new proposals on the self-regulation of hedge funds by spring next year, German Chancellor Angela Merkel told a magazine in an interview released on Tuesday. Brown said on […]
Bear Stearns to get trial over failed hedge fund
Financial News Online US- A federal judge has granted Bear Stearns a trial before the prime broker can be ordered to pay nearly $160m (€111m), as the bank’s board reportedly considers a succession plan for chief executive James Cayne. US […]
Goldman Clients Pull $3 Billion From Hedge Funds
Bloomberg- Goldman Sachs Group Inc. said clients pulled about $3 billion from quantitative hedge funds including Global Alpha in the fiscal fourth quarter and withdrawals will increase over the nextthree months. “We are OK with those funds being smaller, especially […]
Calvert Launches Alternative Energy Opportunities Abroad
West Palm Beach (HedgeCo.Net)- Dublin based mutul fund manager Calvert Inc. announced the launched this year of the Calvert Global Alternative Energy Fund. The new hedge fund invests in a broad universe of U.S. and non-U.S. stocks, seeking out companies that are alternative […]
Hedge Fund, Traders Fight Gov’t Charges
ForbesFailed hedge fund Amaranth Advisors LLC and two traders are rebutting government allegations that they manipulated natural gas markets last year. In hundreds of pages of briefs filed late Friday with the Federal Energy Regulatory Commission, Amaranth and former energy […]
Hedge Funds Are Biggest Donors on Wall Street
CNBC- When it comes to charitable giving, who gives more–hedge funds or private equity? Turns out the private equity folks are the cheapskates. When you look at the 50 most generous family foundations last year funded by Wall Street money, […]
New Goldman hedge fund to start with over $6 billion
International Herald Tribune – A new Goldman Sachs Group stock hedge fund could be launched with more than $6 billion (3 billion pounds), with some investors expecting the fund to attract as much $10billion, people familiar with the fund said. […]
Former Vikings Owner Fails To Pay Hedge Fund Manager
FINalternatives- James Jundt refuses to give a former hedge fund manager in his employ what a court says he should. So the court has decided to take away his business. A Minnesota judge turned over Jundt Associates, which manages investments […]
Hedge Fund Launch Expected From GMP Capital
West Palm Beach (HedgeCo-Net)- GMP Capital Trust is expected to announced the launch of a new hedge fund this year, according to Canadian newspaper Globe and Mail. The $50-million hedge fund is to be co-headed by star trader Michael Wekerle. The firm will put up $20-million, […]
Ailing Raptor hedge fund losing clients
International Herald Tribune – Clients of Tudor Investment pulled more than $1 billion from the firm’s Raptor hedge fund after it lost 8.5 percent this year, mostly on U.S. equities, according to twoinvestors. Raptor, which James Pallotta runs from Boston, […]
Clinton’s Ties to Burkle Include Funds in Offshore Tax Haven
Bloomberg- Former President Bill Clinton’s decision to reconsider a business relationship with California billionaire Ron Burkle reflects concern those financial dealings may embarrass his wife’spresidential candidacy. Securities and Exchange Commission documents and financial- disclosure forms filed by Hillary Clinton show […]
Hedge Funds Ahead for November
West Palm Beach (HedgeCo-Net)- Hedge fund returns remained in double digits for the year despite a 1.6 percent dip in November, according to the Greenwich Global Hedge Fund Index. Putting hedge funds ahead of a trio of broad stock indexes […]