West Palm Beach (HedgeCo.net) - Hedge fund technology service, Point Nine, has announced the opening of their new office in Limassol, Cyprus. This is the second office opening for Point Nine this year, which follows the recent opening of Point Nine’s facilities in New Delhi, India.
The Cyprus office is the second to be launched by […]

West Palm Beach (HedgeCo.net) - Vantage Reporting said it has changed its name to Vantage Software, reflecting the company’s focus on delivering products to private investment firms with modular software designed to easily enhance their existing systems.
“Since founding Vantage, we have worked with world-class clients to continually develop a solid set of core products that […]

New York (HedgeCo.Net) - At least David Findel can never be called a band-wagon fan. The owner of mortgage-lender Financial Resources just agreed to pay a record $400,000 to the rights to two of the best seats at the new Meadowlands stadium. That’s just for the rights. The tickets themselves will cost […]

West Palm Beach (HedgeCo.net) - Alternative investor Ansher Holding Limited, which is focused on investments in Central Asia and the Caucasus, has reported their equity long/short hedge fund is up 13% YTD.
“Central Asia and the Caucasus region have emerged as one of the world’s fastest growing regions and has shown notable development potential,” says Pascal […]

West Palm Beach (HedgeCo.net) - BNP Paribas has launched a global, transversal, multi-asset, hedge fund client service team. The team will be a single point of entry for Hedge Funds for all inquiry, according to BNP, leveraging the bank’s capabilities and focusing on operational efficiencies.
The team is headed globally by John Polivko, based in New […]

New York (HedgeCo.Net) - Two hedge funds are looking to oust William Dillard II, CEO of Dillard’s Inc., after poor performance and lagging stock prices. 
Barington Capital Group LP and Clinton Group Inc sent a letter to the SEC that was released yesterday, which asked the company to start to an immediate search for a […]

New York (HedgeCo.Net) - One month after RAB was forced to revamp their flagship fund, the British hedge fund is halting redemptions on their Energy Fund. After losing more than 50% of its value this year, RAB has informed investors that they will not be able to make withdraws in the near future.
Investors who wish […]

West Palm Beach (HedgeCo.net) - A new online game has been brought to my attention, it’s called Wall Street Survivor, where novice investors can contemplate their present and future investment plans without gambling with their hard earned savings.
As volatility in the world’s financial markets have even the most hardened Wall Street warriors at a loss, […]

West Palm Beach (HedgeCo.net) - Verizon Communications Inc. reported strong results in the third quarter 2008, reporting 59 cents in diluted earnings per share (EPS) in the third quarter 2008, compared with 44 cents per share in the third quarter 2007.
"Verizon again reported solid revenue, earnings and cash flow growth this quarter," said Chairman and […]

West Palm Beach (HedgeCo.net) - Iraq and the Babylon Fund sailed fairly unscathed through the panicky financial markets in September, according to CEO Robert Torkelund.
“Our strategy to focus on sticky money instead of any cheap hot money flow, has paid off so far,” says Torkelund, “Iraqi investments are not for the faint-hearted, of course. A […]

New York (HedgeCo.Net) - SEC Chairman Christopher Cox said he was all for a merger between the Commodity Futures Trading Commission and the Securities and Exchange Commission.
Hopping on board with U.S. Treasury Secretary Henry Paulson, this was the first time Cox has publically supported a merger that was first brought to the table years ago.  […]

West Palm Beach (HedgeCo.net) - State Street Global Markets, the investment research and trading arm of State Street Corporation, released the results of the State Street Investor Confidence Index for October 2008.
Confidence among North American investors fell particularly sharply from a revised level of 75.1 to 50.8. Elsewhere, the declines were less dramatic, with European […]