Tag Archives: asset-value


Hedge Fund Group Awarded Private Equity By Korean Sovereign Wealth Fund

HedgeCo.net (West Palm Beach) – Swiss-based alternative asset manager, Partners Group, has been selected as the manager for a private equity secondary mandate by the sovereign wealth fund Korea Investment Corporation (KIC). KIC aims to profit from current dislocations in […]

Fairfield Sentry sues hedge fund over Madoff fees

Greenwich Time – Fairfield Sentry Ltd., seeking to recover more than $919 million in fees related to investments involving Bernard Madoff, sued the Fairfield Greenwich Group hedge fund that lost $7 billion in Madoff’s fraud. Fairfield Sentry, based in the […]

Fund of hedge funds Castle to add London listing

Reuters – Castle Alternative Invest, a Swiss-listed fund of hedge funds, plans to list in London to improve the liquidity of its shares, its investment manager LGT Capital Partners said on Tuesday. The fund, which has assets of more than […]

Properties Searched in UK/Cayman Hedge Fund Investigation

West Palm Beach (HedgeCo.net) – The UK Serious Fraud Office, (SFO) Friday conducted searches on two residential properties (one in Kent, the other in Surrey) assisted by the City of London Police, in connection with its investigation into an alleged […]

Swiss Hedge Fund Manager Announces Equity Buyback and Investment Program

West Palm Beach (HedgeCo.net) – Swiss alternative investment company ALTIN AG has said it intends to maintain its share price by buying back between 5% and 10% of its own shares, its Board of Directors has also approved a capital […]

Hedge fund firm Bramdean receives offer

Reuters – Nicola Horlick’s boutique fund manager Bramdean Alternatives said on Thursday it has received an approach for a possible takeover by an unnamed bidder. The manager said in a statement: "The Board announces that it has received an approach […]

Investor sues Perot Family Trust over hedge fund that went from being worth billions to ‘less than zero’

Dallas Morning News – An investor in a Perot family hedge fund has sued the Perot Family Trust and several related parties, saying they grossly mismanaged the fund, which went bust in November after starting the year with $2.5 billion […]

Diamond Hedgers Report Increase in Fund Assets

West Palm Beach (HedgeCo.net) – Recently launched Codiam Fund, which invests in pre-cut colored diamonds, has reported an increase of 9% in the fund’s net asset value over the first three months of trading. "We launched the fund in difficult […]

Penjing Asset Says It May Not Get Performance Fees Until 2010

Bloomberg – Penjing Asset Management, a Hong Kong-based hedge fund of funds manager overseeing about $520 million, said it may not get any performance fees until next year, and declining income will restrict staff bonuses. The company, which ran the […]

Outsourcing at hedge funds on the march

International Herald Tribune – It used to be that if you wanted a job done properly, you did it yourself. That no longer holds for the administration of hedge funds. The practice of doing middle- and back-office administrative work in-house, especially […]

Hong Kong Hedge Fund Triples Investor Relation Technology

West Palm Beach (HedgeCo.net) - Hong Kong-based hedge fund manager PMA has chosen to more than triple the number of users of PerTrac CMS in the company’s Hong Kong, Tokyo, New York, London, and Dubai offices. PerTrac CMS is an alternative […]

Toronto Hedge Fund Takes Big Stake In ‘Sun-Times’ Parent

Editor & Publisher – Polar Securities, a Toronto-based hedge fund, disclosed Tuesday that it has purchased a big stake in troubled Sun-Times Media Group (STMG). In two filings with the U.S. Securities and Exchange Commission (SEC), Polar said it has […]

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