Monthly Archives: February 2008
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, […]
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. […]