Monthly Archives: February 2009
Contributing Factors To Hedge Funds’ 2008 Failure
West Palm Beach (HedgeCo.net) – Credit Suisse Tremont Index LLC released a new research piece, ‘One for the History Books: Hedge Fund Performance in 2008’, a review of the factors which contributed to hedge funds’ dismal -19% return in 2008 […]
Arbitrage Lures Gabelli, Huntington After 920 Hedge Funds Fail
Bloomberg – Mario Gabelli is buying Wyeth to book a 13 percent profit from its takeover by Pfizer Inc. Managers at Cohen & Steers Inc. are scooping up closed-end funds trading at a 16 percent discount to the value of […]
Hedge Fund Manager Defended by Madoff’s Lawyer Gets 40 Months
Bloomberg – A hedge fund manager who used the same defense lawyer as Bernard Madoff received a sentence that was a third of the maximum possible after he was convicted of defrauding investors out of $10 million. Vincent Montagna remains free […]
Robeco Investment Management Exits U.S. Fixed Income Business
New York, February 29, 2008 – Robeco Investment Management (RIM) announced today that it is exiting its U.S. fixed income business. As a result, the firm has entered into a definitive agreement with Morgan Stanley Investment Management (MSIM) through which […]
Oil hits record, lifts gold, palm to new highs
Guardian Unlimited- Oil surged to a record high above $103 on Friday as supply disruption fears and the dollar’s fall to three-year lows against the yen prompted funds to pile into commodities, lifting gold and palm oil to historic highs. […]
Peloton to liquidate $2bn hedge fund
The Australian- PELOTON Partners, the hedge fund founded in 2006 by Ron Beller, a former Goldman Sachs partner, has told investors it is being forced to liquidate a $US2 billion ($2.1 billion) fund of asset-backed securities.Beginning the liquidation process for […]
Wealth fund hiring foreign money managers
Xinhua News- China Investment Corp (CIC), the country’s 200 billion U.S. dollars sovereign wealth fund, is hiring foreign fund managers to invest in hedge funds and private equity as well as in traditional assets such as bonds and shares. Gao […]
Japan Hedge Funds to Rebound After Two Losing Years
Bloomberg- Bloomberg) — Hedge funds focused on Japan may stage a rebound after a two-year losing streak, said Ed Rogers, who runs the best-performing Japan-only fund of hedge funds in 2007. More than $7.7 billion flowed out of hedge funds […]
Nedgroup Launches Less-Liquid Fund of Hedge Funds
FINalternatives- Nedgroup Investments, the U.K.-based fund of hedge funds shop, has launched a new fund geared toward institutional investors. The Nedgroup Investments Premium Portfolio launched Feb.1, with a focus on longer liquidity and niche strategies, which make up 20% of the […]
HedgeCo Networks and Spicer Jeffries Team Up to Expand Online Presence of Hedge Fund Clients
West Palm Beach, FL (PRWEB) February 28, 2008 — HedgeCo LLC, a premier name in the hedge fund database, consulting and service industry, announced today a strategic relationship with Spicer Jeffries LLP. This partnership was designed to give clients of […]
Pacificor Hedge Fund Faces Scrutiny From Angry Investors
West Palm Beach (HedgeCo.Net) – When Pacificor hedge fund founder Michael Klein died in a plane crash last December in the Panama jungle, he left a wake of confusion in what is turning out to be a he-said she-said ordeal. […]
Individual Outperforms Hedge Funds at Competition
West Palm Beach (HedgeCo.Net)- Haochen Hu won this year’s World TopInvestor competition with gains of almost 785% over 12 months. He outperformed the world’s leading hedge funds over the competition period. The competition is a live, real money, capital markets […]