Monthly Archives: August 2006
New FoHF launch -LODH Multiadvisers – Latin America Equity Long/Short
The LODH Multiadvisers has launched a new fund, the Latin America Equity Long/Short Fund which invests – through a selection of talented local managers – in hedge funds who follow a Long/Short strategy in the Latin American equity markets. The […]
KGR Capital’s European Office gains authorisation from the F.S.A. in London
HedgeCo.net ( New York ) – – KGR Capital is pleased to announce the authorisation, in early July, of KGR Capital (Europe) Ltd by the U.K. Financial Services Authority. KGR Capital launched its first specialist Asian fund of funds, the […]
A&O and Herbert Smith take lead on latest hedge fund float
Hedge fund investor’s £216m listing on LSE marks second-largest hedge IPO this year.Allen & Overy (A&O) and Herbert Smith have secured prime roles on the £216m float of hedge fund investor CMA Global Hedge on the London Stock Exchange. CMA […]
Dynasty, once-hot China hedge fund, calls it quits
HONG KONG — One of the largest China-focused hedge funds has closed up shop, letting go some dozen employees and giving back money to investors. Dynasty Asset Management came apart amid huge gains this year in China’s publicly traded companies. […]
Citi targets hedge funds with prime brokerage platform
Citigroup has launched OpenPrime, a trading and portfolio management system developed specially for the hedge fund market that is based on technology from France-based Linedata Services. OpenPrime will offer capabilities in four core areas – order and portfolio management, portfolio […]
Hedge Funds Lead GUS 3-0 in Debt-Default Tussle: Mark Gilbert
Aug. 3 (Bloomberg) — Chalk three up for bondholders’ rights. GUS Plc is losing the battle to split itself in two without compensating the holders of its 350 million pounds ($658 million) of notes repayable in 2013. The trustee for […]
Specifically for Hedge Funds
Insurance News Net – NEW YORK–(BUSINESS WIRE)–Aug. 2, 2006– OpenPrime(SM) Provides Hedge Fund Managers with End-to-End Capabilities — Including Trading, Order and Portfolio Management and Accounting Citigroup Corporate and Investment Banking today announced the launch of a front to back […]
Tough times continue for hedge funds – CNNMoney.com
New York (CNNMoney.com) — Hedge fund performance was roughly flat through the third week of July, but a broad market rally in the month’s final week could push returns into the black for the first time since April. Hedge funds […]
Carlyle to hire chief for new hedge fund
NEW YORK/LONDON (Reuters) – Private equity firm Carlyle Group is close to hiring a top banker from Deutsche Bank to head its long-planned hedge fund, sources familiar with the matter said on Tuesday. Ralph Reynolds, who is global head of […]
FSA fines hedge fund GLG Partners
LONDON (Reuters) – The Financial Services Authority said on Tuesday it had fined hedge fund manager GLG Partners and a former managing director of the firm, Philippe Jabre, 750,000 pounds each for market abuse. It is the first time the […]
More Tobacco Money Heads to Hedge Funds – International News Service
Aug. 2–MORRISVILLE — The Golden LEAF Foundation decided Tuesday to increase its hedge fund investments by $24 million, using transfers from money now invested in stocks and bonds. Board members and their financial advisers said hedge funds’ reputation as risky […]
Hedge funds prepare plans for Delphi restructuring
The two largest shareholders in Delphi are preparing a restructuring package for the bankrupt US car parts maker in an attempt to speed its exit from Chapter 11. Appaloosa Management and Harbinger Capital Partners, two hedge funds which between them […]