Monthly Archives: August 2009
Hedge Fund Rankings Released
West Palm Beach (HedgeCo.net) – The Hedge Fund Journal’s Funds of Hedge Funds GLOBAL50, produced in association with Newedge Prime Brokerage Group, reports that minus a few exceptions, funds were happy to participate in the survey and submitted their assets […]
Rabbe Ekholm Launches Independent Hedge Fund Replicator
West Palm Beach (HedgeCo.net) – Rabbe Ekholm, founder and CEO of True Beta LLC announced the launch of TrueBetaD and is holding a discussion on the importance of hedge fund replication strategies in New York September 15th. “Institutional investors are […]
Billionaire Paulson Backs AngloGold Managers as Top Shareholder
Bloomberg – John Paulson, the hedge fund billionaire who earned an estimated $2.5 billion last year betting against a recovery in the U.S. housing market, said he supports managers of AngloGold Ashanti Ltd. after becoming the South African mining company’s […]
MENA Hedge Funds Boost Assets 10-fold to $1.17b
Zawya – Hedge funds focusing exclusively on the Middle East and North Africa have seen a 10-fold increase in assets under management over the past five years, with futher gains of about 17 per cent through the first half of […]
Tampa’s Creative Loafing chain taken over by hedge fund Atalaya
St Petersberg Times – A New York hedge fund wrested control of the Creative Loafing newspaper chain Tuesday, promising to keep the weekly tabloids running in Tampa, Sarasota, Atlanta, Chicago, Charlotte, N.C., and Washington, D.C. In a bankruptcy auction in […]
Hedge funds to buy EDF’s Eggborough power plant
Reuters UK – Lenders to Eggborough, a large coal-fired power station, have exercised an option to acquire the plant, owner EDF said on Thursday. The lenders, which include Bluebay’s distressed-debt fund, gained the right to acquire the 1,960 MW station […]
Hedge Fund Subscriptions Back To Pre-Crisis Levels
Wall Street Journal – Hedge fund subscriptions have returned to pre-financial crisis levels and redemptions slowed markedly in August, GlobeOp Financial Services SA, a hedge fund administrator, said Thursday. The company, which runs middle- and back-office functions for 180 hedge […]
Hedge funds regain confidence, start hiring again
Hedge funds and bank trading desks are hiring again and have already snapped up some of the most talented managers who were dislodged while firms struggled in the credit crisis, industry insiders said. Hedge funds endured a tough 2008 in […]
Appeals Court Affirms Dismissal of Securities Fraud Against Hennessee Group
New York — The U.S. Court of Appeals for the Second Circuit has affirmed a district court’s decision that dismissed a securities fraud case against New York-based hedge fund investment adviser Hennessee Group LLC. In the 36-page opinion issued July […]
Moscow Dealer Sues N.Y.C. Gallery Over $3 Million in Paintings
Bloomberg – Moscow-based art dealer Gary Tatintsian has sued New York’s Luhring Augustine Gallery alleging breach of agreements on $3 million of art by artists George Condo and Richard Prince, according to a complaint filed Aug. 11. In April 2008, […]
HedgeSphere Funds of Hedge Funds Software Release
West Palm beach (HedgeCo.net) – Swiss funds of hedge funds (FoHF) tech. provider Infonic AG, released the latest version of its software suite for FoHFs, HedgeSphere 4.3. “For many funds of hedge funds, including those with complex portfolio structures, management […]