Tag Archives: due-diligence-service
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 […]
Salus Alpha Hedge Funds Not Exposed To Madoff Strategy
West Palm Beach (HedgeCo.net) – Vienna based hedge fund manager Salus Alpha Group Services GmbH said that any exposure to Madoff funds were systematically prevented by the proprietary investment approach of their funds at all times. "I am not shocked that […]
Dreier Jailed Without Bail for Alleged Fraud Targeting Hedge Funds
New York (HedgeCo.Net) – Marc Dreier was denied bail on Thursday after prosecutors estimated the New York attorney swindled more than $380 million out of investors in his elaborate scheme that targeted hedge funds. Alleging that Dreier fooled “the […]
Hedge Fund Founder Nailed in What Could be Largest Scam Ever
New York (HedgeCo.Net) – Former chairman of the Nasdaq Stock Market Bernard Madoff was arrested yesterday and accused of orchestrating a ponzi scheme that bilked some $50 billion out of investors, authorities say. The founder of Bernard L. Madoff Investment […]
UAE Asset Manager Launches Hedge Funds
West Palm Beach (HedgeCo.net) – US-based Stream Asset Management announced the launch of a credit dislocation fund and a multi-strategy credit hedge fund, the company said in a press statement. The move is part of Gulf Stream’s aggressive expansion strategy to […]
Africa Roundtable Hedge Fund Update
West Palm Beach (HedgeCo.net) – The Opalesque South Africa Roundtable was held November 10th 2008 in their Cape Town Office. There, the participants also discussed the particularities of investing in Africa (ex-South Africa). South Africa’s equity and fixed income markets displayed […]
Alternative Investors Form Joint Venture to Expand Africa’s Telecommunications Infrastructure
West Palm Beach (HedgeCo.net) – Satellite communications company Intelsat is launching a joint venture with a South African alternative investor group led by Convergence Partners. The joint venture plans to finance, build and launch a new satellite, Intelsat New Dawn, featuring […]
Hedge Fund Trian Partners to Hold Over 50 Million Fast Food Shares
West Palm Beach (HedgeCo.net) – Hedge fund Trian Partners said that they will buy about 49.4 million shares of fast-food operator Wendy’s/Arby’s Group for $4.15 per share, or about $205 million. The hedge fund and their affiliates now own about […]
Big Time NYC Lawyer Accused of Scheming Hedge Funds
New York (HedgeCo.Net) – A prestigious New York City lawyer has been arrested and charged with masterminding a $100 million real-estate scheme that targeted large institutional investors and hedge funds. Marc Dreier, of Dreier LLP on Park Avenue, was arrested […]
Dodd Stresses Importance of Auto Bailout, Has Message for GM
New York (HedgeCo.Net) – Saying that GM is in the “worst shape,” Senate Banking Committee Chairman Christopher Dodd told the struggling automaker that they’ve got to consider new leadership if they want to receive federal aid. The comments prompted many […]
Experts Discuss Hedge Fund Growth at ‘Fighting the Tape’ Seminar
West Palm Beach (HedgeCo.net) – Top financial industry leaders and more than 200 attendees gathered in New York late last week discuss the volatile hedge fund market and provide insights on distressed funds. Sponsored by global offshore law firm Walkers, the […]
