Monthly Archives: February 2008
Branson’s bid for the Rock is on a roll
This is Money- Sir Richard Branson looks set to win control of Northern Rock, in what would be a major blow to shareholders, who would find their holdings severely diluted. The Treasury has been told by its adviser Goldman Sachs […]
Hedge executive to launch new firm backed by GE
Reuters- Carrie McCabe, among the most prominent women executives in the hedge fund industry, is launching a new hedge fund investment firm backed by General Electric’s asset management division, sources familiar with the situation said on Tuesday. McCabe, formerly chief […]
Juno Mother Earth Founder Departs to launch Vertus Capital Partners
Co-founder and Equity Portfolio Manager of Juno Mother Earth AssetManagement, Joseph Di Virgilio, recently departed Juno to team up withCraig and Dermot Coughlan to establish Vertus Capital Partners. Di Virgilio will be the Chief Investment Officer of Vertus CapitalPartners, which […]
Michigan Couple Ordered to Pay $3.1 for Hedge Fund Fraud
A Michigan couple has been ordered to pay $3.1 million in restitution and penalties after defrauding investors in their “private hedge fund.” Ty and Monette Klotz, who were doing business under Aurifex Investments, were charged with fraud in connection with […]
Activist may get seat on Sprint board
Reuters- Activist investor Ralph Whitworth of Relational Investors LLC is in advanced discussions to take a seat on the board of Sprint Nextel Corp (S.N), according to the Wall Street Journal Web site, citing people familiar with the matter. The […]
First Avenue eyes $750 million for fund of hedge funds
Reuters- Alternative investments firm First Avenue Partners said on Monday it planned to raise up to $750 million (384 million pounds) for a portfolio that will invest with start-up hedge funds, as well as funds that have seen heavy outflows. […]
Hedge Funds Decline in January 2008
West Palm Beach (HedgeCo.Net)- The Greenwich Global Hedge Fund Index (GGHFI), fell -2.44% in January amid severe declines in global equity markets such as the S&P 500, MSCI World Equity, and FTSE 100 indices. Meanwhile, 79% of hedge funds outperformed […]
Emerging market hedge funds pull in $9 bln in 2007
Reuters- Hedge funds specializing in emerging markets took in $9 billion in new money last year as strong performance at portfolios focusing on Russia, Africa and the Middle East wooed investors, data released on Monday show. However, some industry experts […]
Hedge Funds Raise Stake in Times Co. to Near 10%
New York Times- The coalition of hedge funds that wants to place directors on the board of The New York Times Company has more than doubled its stake in the company, to nearly 10 percent of the regular shares, according to […]
Hedge Fund Awareness When Dealing With Institutional Investors
West Palm Beach (HedgeCo.Net)- A white paper released today by SEI, titled "Five Critical Challenges for Hedge Funds Taking Aim at the Institutional Market", details the growing institutional acceptance of hedge fund investing. Forty-seven percent of the institutions surveyed said […]
Hedge Fund Launches By QIM
West Palm Beach (HedgeCo.Net)- US based Quantitative Investment Management(QIM), has launched two new hedge funds, the Quantitative Tactical Fund and the Quantitative Fund. Director of Marketing, John McAllister said of the launches, "The multi-strat gives us an ability to provide […]
Goldman Takes 20% Stake In London\’s Capula Hedge Fund Group
CNNMoney.com- A fund of Goldman Sachs Group Inc. (GS) said Monday it has taken a 20% stake in London-based hedge fund operator Capula Investment Management, in the latest move by a bank to tap into hedge funds’ lucrative fees through […]