Monthly Archives: August 2008

Swedish investor Cevian Capital buys shares in Daimler

August 5, 2008 : Permalink

Forbes – Swedish investor Cevian Capital is acquiring shares in Daimler AG in an apparent effort to become a significant shareholder in the German carmaker, Sueddeutsche Zeitung said, citing an unnamed hedge funds manager source. It said financial sources consider […]

Hedge Funds First to Adopt iPhone Applications for Capital Markets

August 5, 2008 : Permalink

Wall Street & Technology – Now that Apple has improved security and enterprise connectivity capabilities for the iPhone 3G, industry specific applications are starting to emerge. One of the first iPhone applications for the securities industry is a tool that […]

Hedge funds seek out Middle East alpha

August 5, 2008 : Permalink

EuroMoney – Paul Watthey, marketing director for EMEA at Advent Software, estimates that there are approaching 60 hedge funds in Bahrain as well as a smaller number in Dubai. "There has not been the surge in the number of managers […]

Hedge Fund Platform To Expand Research Team

August 5, 2008 : Permalink

West Palm Beach (HedgeCo.net) – Alternative investment platform, Altegris Investments, has plans to expand their research team under the leadership of Mr. Allen Cheng, an accomplished hedge fund investment professional with extensive industry experience. Cheng joins Altegris as Managing Director, […]

Hedge funds gloomy on oil, CFTC data show

August 5, 2008 : Permalink

MarketWatch – For the first time in 17 months, hedge funds in July made more bets on oil prices falling than rising, according to the latest government data.   Short positions from noncommercial investors, hedge funds and other large investors […]

(Update) HedgeWorld To Continue Format

August 4, 2008 : Permalink

West Palm Beach (HedgeCo.net) – In a press call with HedgeCo, a global forum for the alternative asset community, Joe Christinat of Thomson Reuters clarified the story of HedgeWorld’s abrupt closing. Christinat said that HedgeWorld will retain the format that […]

New York Hedge Funds Need Quick Turnaround

August 4, 2008 : Permalink

New York (HedgeCo.Net) – New York’s top 100 hedge funds are in trouble and can’t seem to get out of the red, according to performance reports obtained by the New York Post.  Prominent hedge funds are still trying to recover […]

Citigroup to Close Another Hedge Fund

August 4, 2008 : Permalink

New York (HedgeCo.Net) – Citigroup Inc. will close its $400 million Tribeca Convertible hedge fund in what will help wind down the $2 billion Tribeca Global Investments Group, according to a report published on Bloomberg.com.  The closing of the fund […]

Global Consulting For Structured Finance In Film, Media & Entertainment

August 4, 2008 : Permalink

West Palm Beach (HedgeCo.net) – Noci Pictures Entertainment has launched a one-stop global film finance and production service consulting division. The fund is aimed at hedge funds, ultra high net worth investors, tax credit buyers, purchaser representatives, family offices, and […]

Jack Nash, Pioneer in Hedge Funds, Dies at 79

August 4, 2008 : Permalink

New York Times Blogs – Jack Nash, a former chairman of Oppenheimer & Company who helped pioneer the modern hedge fund business, died July 30 in Manhattan. He was 79. He died at Mount Sinai Medical Center after a long […]

Hedge Fund Blackstone Opens Office in Beijing

August 4, 2008 : Permalink

West Palm Beach (HedgeCo.net) – Global alternative asset manager Blackstone Group is opening a representative office in Beijing with former Vice President of Beijing Mainstreets Investment Group, Mr. Shan Fu as chief representative. "The opening of our Beijing office and […]

Daimler informed of foreign hedge fund’s large share buying in company

August 4, 2008 : Permalink

Forbes – Daimler AG. was told last week that a foreign hedge fund is buying a large number of shares in the car maker after its share price slumped on the back of a profit warning barely two weeks ago, […]