Monthly Archives: February 2008
Two California Men Sentenced for Hedge Fund Fraud
West Palm Beach (HedgeCo.Net) – Two men involved in a hedge fund scam that defrauded investors out of $6 million were sentenced yesterday in Los Angeles. Keith Gilabert, 33, of Valencia, CA, will serve the maximum five year prison sentence […]
AQR Hedge Fund Fell Almost 15% Through Mid-February
Bloomberg- AQR Capital Management LLC’s largest hedge fund fell almost 15 percent this year through Feb. 15 as market swings tripped up computer models the managers use to make trades, two people with knowledge of the matter said. The assets […]
Hedge funds go prime time
InvestmentNews- Morningstar Inc.’s recent launch of a star-rating system for hedge funds is the ultimate move into the mainstream for an asset class that has long thrived as an exclusive alternative investment. "This is just further evidence of the notion […]
Asyst gets buyout proposal from ex-CEO, hedge fund
Asyst Technologies Inc received a buyout proposal from its former chief executive and private equity firm Gores Group LLC for a maximum of $298.2 million, sending the chip equipment maker’s shares up more than 12 percent. The offer of $5 […]
Florida hires hedge fund expert to help in probe
Reuters- Florida has hired two experts, including one with a long track record in hedge funds, to examine how a local government investment pool was nearly wiped out late last year, state legislators said on Monday. Tanya Styblo Beder, who […]
Hedge fund rules find few backers at EU hearing
BRUSSELS (Reuters)- Europe’s hedge funds and private equity should be free from the burden of mandatory rules, companies and investors said on Monday, but law enforcers cautioned that fraud in the sector was rising alarmingly. Investing in hedge funds and […]
World’s largest hedge fund firm now in India
Business Standard- Renaissance Technologies, the world’s largest hedge fund firm handling assets worth $35.4 billion (Rs 1,41,600 crore), has received approval from the Securities and Exchange Board of India (Sebi) to operate in the Indian stock markets as a foreign […]
Citigroup Gives $500 million Push to Hedge Fund
West Palm Beach (HedgeCo.Net) – Only one month after Citigroup halted investor redemptions on their CSO hedge fund, they are jolting their Falcon Strategies funds with $500 million. As a result, the $10 billion in assets that the funds oversee […]
New York Hedge Fund Spends $27 Million On Alvarion
West Palm Beach (HedgeCo.Net)- After buying a $27 million stake in Alvarion, New York-based hedge fund Renaissance Technologies Corporation has become a party at interest with 5.76% of the company. With a market cap of $480 million, Israeli company Alvarion […]
UAE and Qatar Hedge Fund Boom
West Palm Beach (HedgeCo.Net)- According to research conducted by banking group Mirabaud, the Middle East is set to become increasingly active in the global hedge fund industry, with the UAE and Qatar playing potentially dominant roles in the region, the […]
UBS to pour $1 billion into Chinese property
HONG KONG (Reuters) – UBS plans to launch a fund that will pour about $1 billion (500 million pounds) into Chinese property, a further sign of enthusiasm for Asia at a time when investors are nervous about ailing European and […]
Hedge Funds Feel New Heat
Wall Street Journal- The past decade has been the era of the hedge fund, as investors snapped them up for their track record of beating the market with often highly complex trades. But now, as the credit crunch upends financial […]