Tag Archives: hedge fund

Nomos Capital’s Lowe Testifies He Never Hired Escorts, Hit Man

Bloomberg – Nomos Capital Partners Ltd. founder Mark Lowe said he didn’t take escorts on business trips and didn’t hire a hit-man to kill a former employee who is suing him for sexual discrimination. Lowe testified yesterday that he “took […]

$200 Billion Cap On Collapse Fund – Barney Frank

New York (HedgeCo.net) – The fund which the U.S. House Financial Services Committee is setting up to dismantle large insolvent financial institutions will be limited to $200 billion, MarketWatch reported earlier today. “The cap we have is $200 billion,” House […]

Lobbying Effort Backfires for Hedge Funds

The New York Times – The hedge fund industry has incurred a backlash by lobbying aggressively against proposed European Union rules and now faces possible pay curbs that were not envisaged in the original legislation. Attacks by some London-based hedge […]

Brevan Howard Hedge Fund Co-Founder To Leave Firm

New York (HedgeCo.net) – Jean-Philippe Blochet has left Europe’s biggest hedge fund firm, Brevan Howard, Bloomberg reported today.  “Following his return from sabbatical last year, Jean-Philippe Blochet has decided to cease to be an active member of Brevan Howard Asset […]

Dynamic Hedge Fund Chairman Says Fraud Allegations ‘Unfounded’

Bloomberg – Alberto Micalizzi, founder of the hedge fund firm Dynamic Decisions Capital Management Ltd., said allegations that he invested in worthless bonds are unfounded and investors will recover close to 100 percent of their money. The firm’s main hedge […]

Funds eye poor performer wheat in hunt for laggards

Reuters – Wheat has been the poor cousin of commodities this year, losing value as star performers such as copper, lead and sugar have flown, but the humble grain is now beginning to catch the eye of all-important investment funds. […]

Survey Finds Continued Optimism Towards Hedge Funds Despite 2008 Performance

New York (HedgeCo.net) – Highlights of a second annual national survey released by Morningstar and Barron’s Magazine examining the perception and usage of alternative investments among institutions and financial advisors showed that hedge funds were the most popular alternative vehicles […]

Rajaratnam Arrest Jolts Sri Lanka’s Markets, Tsunami Survivors

Bloomberg – About 60 Muslim fishermen and their families congregated in a community hall on Sri Lanka’s east coast to pray for Raj Rajaratnam after he was arrested for alleged insider trading at his New York hedge fund. The billionaire […]

John Horseman to Step Down From Hedge Fund Management After Losses

New York (HedgeCo.net) – Bloomberg reported this morning that hedge fund manager John Horseman is stepping down from his position as manager of the $2.8 billion fund, Horseman Global Fund Ltd. “There will be those who might think that a […]

[Updated] Russian Hedge Funds lead the way in October

New York (HedgeCo.net) – Russia lead the way in October reporting gains of 4.16% in October. Emerging markets total index grew 1.55% in October and is up 36% this year. Latin America rose 2.18% for the month and Asia, excluding […]

UK Fraud Office Investigates London Hedge Fund – Oil Sales Contracts

New York (HedgeCo.net) – London-based hedge fund, Dynamic Decisions Capital Management, which operated the Cayman Islands-based Growth Premium Master fund is being investigated by the Serious Fraud Office (SFO). The hedge fund collapsed in April this year when investors applied […]

BlueCrest Said to Prepare Geneva Office as London Taxes Rise

Bloomberg – BlueCrest Capital Management Ltd., a London-based hedge fund firm that oversees about $15.4 billion, plans to open an office in Geneva as increased taxes and regulation make London a less attractive location, a person familiar with the situation […]

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