Hedge Fund News From HedgeCo.Net

Category Archives: Developing Stories

Hedge Fund Owned Hostess To Liquidate

New York (HedgeCo.Net) – Hedge fund owned Hostess, which has struggled in recent years with two bankruptcy filings, is shutting down, gone will be Twinkies and Wonderbread. Hostess is currently owned by hedge funds Silver Point Capital and Monarch Alternative Capital. […]

Hedge Fund Giant Man Down 10%

Tough performance environment persists • Funds under management down 10% to $52.7 billion • Adjusted PBT of $121 million (H1 2011: $231 million) • Statutory loss before tax of $164 million (H1 2011: profit of $70 million) • $233 million […]

AIMA Launches Middle East Hedge Fund Initiative

New York (HedgeCo.Net) – The global hedge fund association (AIMA) is building a network in the Middle East in the hopes of giving the local industry a voice in engaging with investors, policymakers and regulators. The initiative will be spearheaded […]

Teen Fashion Retailer Wet Seal Acts like a Teenager in Response to Clinton Partners acting like a Hedge Fund

New York (HedgeCo.Net) – You would think that a teen-focused retailer that has Carly Rae Jepson as a “spokesmodel” is used to dealing with drama. This week, South Florida based retailer, Wet Seal, focused their teenage angst onto hedge fund Clinton Partners. The kerfuffle began when […]

Four Top Hedge Fund Managers Join AIMA Board Of Directors, Six To Retire

New York (HedgeCo.Net) – Former SEC commissioner Kathleen Casey was appointed the new Chairman of the hedge fund industry association (AIMA) last week. Joining her on the Council is Olwyn Alexander, Partner, PwC; Mark O’Sullivan, Partner, Ernst & Young LLP; […]

SF Hedge Fund Manager To Build $490 Million Sports Arena In Seattle

New York (HedgeCo.Net) – San Francisco hedge fund manager Chris Hansen is planning a $490 million basketball and hockey arena, pledging $290 million of his private money to the Seattle project, local papers report. Seattle City Council members voted 6-2 on Monday, approving the project after a […]

Cayman Side Letters in the Spotlight

New York (HedgeCo.Net) – Guest post by Tony Heaver-Wren, Counsel at Appleby (Cayman) Ltd - Side letters have become a common feature in the landscape of hedge fund investment but with them has come considerable debate and uncertainty about their practical […]

Mitt Romney’s Hedge Fund host Marc Leder part of investigation in Tax Abuse probe

New York (HedgeCo.Net) South Florida gossip columnist Jose Lambiet was the first to connect the dots between the host of Mitt Romney’s now infamous $50,000-a-plate dinner party in Boca Raton and an ongoing investigation being conducted by New York attorney […]

UPDATE: Telus vs. Hedge Fund

New York (HedgeCo.Net) – The New York-based hedge fund Mason Capital remains firm with it’s plan to appeal a court decision blocking it from holding a shareholders meeting. “While we are disappointed by the court’s decision, on a review of the […]

SEC Says Illinois Hedge Fund Manager Hid Major Losses During Financial Crisis

New York (HedgeCo.Net) – In suits filed in Illinois, the SEC and the Commodity Futures Trading Commission took emergency enforcement action against hedge fund manager Nikolai Battoo for allegedly exaggerating the value of the assets he managed and concealing major losses from investors during […]

Hedge Fund Giant Man Group AUM Down 10% H1 2012

New York (HedgeCo.Net) – One of the worlds biggest hedge funds, Man Group PLC., reported losses of %10 for the first half of 2012 (H1), lowering funds under management $52.7 billion. Gross revenues were reported at $666 million. Other H1 […]

Al Gore’s Generation Becomes Largest Hedge Fund Holder Of Jones Lang LaSalle Stock

New York (HedgeCo.Net) – Hedge fund Generation Investment Management, which was founded in 2004 by former Vice-President Al Gore and David Blood, has increased its stake in $3.2 billion market cap manager of real estate and investments, Jones Lang LaSalle Incorporated, to 2.3 […]

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