Monthly Archives: January 2008
A Loophole Lets a Foot in the Door
New York Times – The bad news reached Neil Ashe, the chief executive of CNet, as he lounged on the beach in Mexico on vacation with his family over the holidays. The company’s lawyer called to say that two hedge […]
Renaissance fund in first loss for 20 years
MSN MoneyCentral – Renaissance Technologies, one of the best-known and best-performing hedge fund groups in the world, has recorded its first fund loss in almost 20 years. Renaissance’s Institutional Equities fund, which it launched in 2005 and designed to hold […]
Full Circle Capital Launches Offshore ABL Fund
January 14, 2008. Full Circle Funding, LP (“Full Circle”) today announced that on January 1st it launched Full Circle Fund, Ltd. (the “Offshore Fund”), an offshore version of its 15-month old domestic ABL fund, Full Circle Partners, LP. (the “Domestic […]
Vesuvius Hedge Fund Launch
HedgeCo.net – Magma Fund Advisors, Ltd announced the launch of their first hedge fund, the Cayman domiciled Vesuvius Investment Fund, which opened its doors in January, 2008. The new hedge fund was formed for a select group of international investors, using approximately 10% of […]
Hedge Funds Specialists Launch New Firm Specialized In New Alternatives – NARA Capital
january 14, 2008 -NARA Capital SA officially opened its doors for business on October 1, 2007 with a vision focused on offering sophisticated institutional investors access to New Alternative hedge funds strategies. The firm founded by two seasoned investment professionals […]
Hedge Funds Rally in December, Post Record Losses on the Year
New York (HedgeCo.Net) – Although hedge funds finished up 2008 with some of the worst numbers to date, they showed some signs of promise in December. According to the latest research by the Hennessee Group LLC, a New York-based advisor […]
Some Bear hedge funds perform well despite turmoil
Reuters – Not all Bear Stearns hedge funds are suffering, despite the collapse of two last summer that resulted in losses of $1.6 billion (800 million pounds), results over the last week suggest. The Bear Stearns Emerging Markets Macro Fund, […]
Man Group’s Assets Increase 4.5% to $71.7 Billion
Bloomberg – Man Group Plc, the world’s largest publicly traded hedge fund manager, said assets under management rose 4.5 percent in the last three months of 2007 as investors added money at the slowest pace in 15 months. Man Group […]
Bear Stearns Shuts Asset-Backed Hedge Fund After Loss
Bloomberg – Bear Stearns Cos., the fifth-largest U.S. securities firm, is closing a hedge fund that invested in asset-backed securities, abandoning a salvage plan after the fund plummeted at least 39 percent last year. The Bear Stearns Asset Backed Securities […]
Ice Maker in Talks With Hedge Fund on New Buyout Terms
New York Times – Reddy Ice Holdings, a producer of packaged ice, said Wednesday that it was in talks to revise a $1.1 billion deal to be bought by a hedge fund, GSO Capital Partners. The deal was called into […]
Sarkozy vows to defend France against wealth funds
Reuters – President Nicolas Sarkozy vowed on Tuesday to protect French businesses from sovereign wealth funds and private speculators and urged a state bank to roll up its sleeves and help France defend its industrial interests. Sarkozy’s appeal came months […]
More Hedge Funds Means More Activists, Report Finds
New York Times Blogs – Thanks mainly to a rise in the number of hedge funds players in the field, activist investors in the United States increasingly bared their teeth last year. The number of activist campaigns rose 17 percent […]