Monthly Archives: February 2008
Hedge Funds Could Make or Break Delphi
HedgeCo.Net (West Palm Beach) – Bankrupt auto parts maker Delphi may have to look elsewhere in their quest to secure $6.1 billion in exiting financing. While a deal was originally struck with Appaloosa Management, the continuing credit crisis is causing […]
Mathur Rejects Plea Bargain, Instead Faces 20 Years
HedgeCo.Net (West Palm Beach) – A massachusettes man who defrauded investors out of millions has rejected a plea bargain that could have cut his prison sentence in half. Arthur Mathur, 37, who could face 20 years in prison, promised investors […]
London Is Favorite for Emerging Market Hedge Funds
Bloomberg – Hedge funds investing in emerging markets pick London as their domicile more often than any other location, the Financial Times reported, citing Hedge Fund Research of Chicago. Thirty-one percent of such funds choose the U.K. capital, against 27 […]
Cocoa Posts Longest Rally in Two Decades as Funds Buy
Bloomberg -Cocoa advanced for a 12th day in London, the longest winning streak since at least 1989, as chocolate makers locked in supplies to hedge against further gains. White sugar and robusta coffee also gained. Cocoa, which reached its highest […]
London Is Favorite for Emerging Market Hedge Funds
Bloomberg- Hedge funds investing in emerging markets pick London as their domicile more often than any other location, the Financial Times reported, citing Hedge Fund Research of Chicago. Thirty-one percent of such funds choose the U.K. capital, against 27 percent […]
Fear of embarrassment fuels funds of funds expansion
European funds of hedge funds are taking advantage of increasing demand from US pension schemes, which have grown wary of direct investment in hedge funds. GAM, a fund manager owned by Swiss bank Julius Baer, opened its fund of hedge […]
RBC Hedge 250 Index(R) returned -1.82 per cent in January 2008
Forbes – RBC Capital Markets today reported that for the month of January 2008 the RBC Hedge 250 Index(R) had a net return of -1.82 per cent. This brings the year-to-date return of the Index to -1.82 per cent. These […]
HedgeCo Networks Offers Clients of NorthPoint Trading Suite of HedgeCo Web Services.
HedgeCo LLC, a premier hedge fund database, consulting and services company, announced today a strategic relationship with NorthPoint Trading Partners, LLC. This relationship will offer clients of NorthPoint a chance to enhance their Internet presence through the use of the […]
SunGard Launches New Version of InvesTier
London & New York – 12th February 2008 – SunGard (http://www.sungard.com) today announced the launch of InvesTier version 4.2. SunGard’s InvesTier is an investor accounting and reporting software solution for alternative investment firms and their administrators. InvesTier 4.2 adds equalization […]
There’s No Crying in Hedge Funds (or, There Shouldn’t Be)
New York Magazine- Poor Mark Fishman. His Stamford-based hedge fund, Sailfish Capital Partners, exploded spectacularly last month, culminating in an ugly shouting match between Fishman and his founding partner, Sal Naro, and the loss of billions of dollars. ("It’s basically […]
Hedge fund sells off InterOil stake
ReportonBusiness.com- InterOil Corp., which is seeking to develop a liquefied natural gas project in Papua New Guinea, appears to have lost a believer, as a hedge fund run by one of the U.S.’s richest men has sold all of its […]
UBS Securities deepens hedge fund coverage
Globe and Mail- Global investment bank UBS Securities ramped up its coverage of the hedge fund community Monday by hiring Michael Arbus away from the sales desk at TD Securities. Hedge funds have long been major clients of UBS Securities, […]