Monthly Archives: May 2008
Tuono Launches Alpha Energy Fund
The Tuono Corporation, a Naples Florida based commodity pool operator, recently launched the Alpha Energy Fund. This fund feeds into an institutional, proprietary energy trading firm which consists of a multi-faceted investment team. The trading staff, currently 8, has the combined […]
Hedge Fund Fees Shrink as U.S. Pensions Make Direct Investments
Bloomberg – U.S. hedge-fund investors are paring the roughly $80 billion they pay in annual fees by cutting out the middlemen. New York State’s $155 billion retirement system has shifted a portion of its $5.3 billion in hedge-fund assets away […]
Catterton closes $300m consumer sector-focused fund
Altassets – US consumer sector-focused private equity firm Catterton Partners has closed its Catterton Growth Partners fund on its hard cap of $300m. The fund will target control oriented investments in companies requiring between $10m and $30m of equity capital.Catterton […]
UK hedge fund slams J-Power’s plan to pay US$0.67 dividend
Tradingmarkets.com – The Children’s Investment Fund said Thursday that the proposal announced the previous day by Japan’s Electric Power Development Co. (TSE:9513), or J-Power, to distribute a dividend of 70 yen (US$0.67) per share is insufficient. The British hedge fund […]
Investors sue Citi over muni bond hedge funds
NEW YORK (Reuters) – Investors in a troubled municipal bond hedge fund sued several units of Citigroup on Thursday, less than three months after the banking giant committed $1 billion to shore up several of its funds. The suit, filed […]
Funds: Running with the Bears
BusinessWeek – With the U.S. economy facing the likelihood of a recession, is it too late to jump on the bear-market bandwagon? David Tice, manager of the Prudent Bear Fund, doesn’t think so. "Unfortunately, long bull markets are typically followed […]
Drake to shut down largest hedge fund
West Palm Beach (HedgeCo.Net) – After a much publicized debate on their troubled hedge funds, Drake Management will shut down their $2.5 billion Global Opportunities Fund, according to a letter to investors. Drake had suspended redemptions in December, after the […]
Och-Ziff reports quarterly net loss on IPO costs
Market Watch – Och-Ziff reported a first-quarter loss of $268.1 million versus a profit of $85.2 million, a year earlier, due to $425.6 million of expenses related to the company’s IPO in November. The New York-based hedge fund firm posted […]
HFR Hedge Fund Index Rebounds in April After Decline in March
Bloomberg – Hedge fund returns rebounded in April after starting the year with the worst performance in nearly two decades, according to early results from Hedge Fund Research Inc. Overall hedge fund returns increased 1.5 percent for the month ended […]
Basis hedge fund denied liquidation in Caymans
West Palm Beach (HedgeCo.Net) – Basis Capital Funds Management will not have the luxury of liquidating its failed fund in the Cayman Islands. The Australian based company, whose Basis Yield Alpha fund was domiciled in the Caymans, originally sought U.S. […]
Regulators: ‘Fund Manager’ Was a Fraud
Business Week – It’s official: Robert J. Sucarato wasn’t much of a hedge fund manager after all, regulators say. In a civil lawsuit, regulators charge Sucarato lost much of the money he solicited from investors, and he raised that money […]
Alternative Investor Sounds an Alarm On Smaller Mining Operators
In a report published on the 29th of May 2007, alternative investor F&C outlined the risks to mining companies from failure to apply environmental, social and governance (ESG) practices to their independently-managed operations. According to Karina Litvack, Head of the […]