HEDGE FUND NEWS

West Palm Beach (HedgeCo.net)- A Copenhagen based Cayman fund, DanFonds, is trying a novel approach to the market for hedge funds by launching the ‘Frontier Markets Fund’,  a hybrid between the public market hedge fund approach and the private equity model.
In a press call with Alex Akesson on Friday, CEO of DanFonds, Daniel Broby, […]

New York (HedgeCo.Net) - Anheuser-Busch has agreed to a $50 billion takeover bid by Brazilian-Belgium brewer InBev, in which will result in the largest beer company in the world. 
The final $70 a share offer was $5 higher than the original bid in which Anheuser-Busch rejected.  The company will now be called Anheuser-Busch InBev according […]

New York (HedgeCo.Net) - Mortgage lenders Fannie Mae and Freddie Mac may get some help from the Fed in hopes of staving off a market implosion following a crippling credit crunch and a period of great stress in the financial markets.
"Fannie Mae and Freddie Mac play a central role in our housing finance system and […]

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 will locate nonperforming assets and purchase them at a discounted rate such as real estate taken […]

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 incurred by fund-of-hedge funds.
Investment Interest Expense
The ruling recently issued by the IRS regarding investment interest […]

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 investors and institutions, with sales in our first quarter to 30 June 2008 totalling $5.0 […]

New York (HedgeCo.Net) - RBC Capital Markets has unveiled its newest venture, the Global Prime Services Group that will provide comprehensive support and a vast platform of services to hedge fund and mutual fund managers as well as institutional asset managers.  
Global Prime Services Group comes at a time when hedge fund managers and other […]

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, "MEVIO is building a full-scale entertainment network that incorporates all of the positive elements of traditional […]

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 Brava officers, Andrew R. Siegel and Seth W. Hamot, who sit on Telos’ board of directors, […]

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 Deposit Insurance Corp. conference regarding the improvement of mortgage lending yesterday, where he explained they were […]

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 filed a consent solicitation statement with regulators in an attempt to take over Anheuser-Busch’s board.  […]

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 the internet giant’s board was replaced, a move that billionaire tycoon Carl Icahn has been […]