Monthly Archives: November 2005
Credit Suisse unites its hedge fund operations
LONDON (Reuters) – Credit Suisse (CSGN.VX: Quote, Profile, Research) is merging its hedge fund businesses to tighten management control and improve efficiency, said the head of the project, which is attracting attention and possible imitators in the industry. The revamp […]
Citadel hedge fund forms second reinsurance firm
NEW YORK, Nov 7 (Reuters) – Citadel Investment Group, a leading hedge fund manager, is again pushing into the reinsurance market by launching a new Bermuda-based venture backed by $500 million in fund assets. The new reinsurance company, called New […]
Hedge funds look to derivaties for low-cost exposure
LONDON, Thurs: Hedge funds are increasingly looking to derivatives to give them low-cost exposure to booming emerging market stocks, a global brokerage firm said yesterday. Many hedge funds prefer to use derivatives such as contracts for difference (CFD) because they […]
Refco Sold for a Song
Man Financial, one of the world’s largest hedge funds, won the Refco (RCXCQ:OTC – commentary – research – Cramer’s Take) sweepstakes Thursday, paying $282 million in cash for what’s left of the scandal-tarred commodities and derivatives brokerage. The London-based hedge […]
Heard on the Street: Hedge funds avoid SEC registration rule
Pittsburgh Post-Gazette – Thursday, November 10, 2005 A large number of major hedge-fund firms won’t be registering with the Securities and Exchange Commission despite new rules aimed at forcing mosthedge-fund advisers to sign up by early next year. … Like […]
Muirhead Holdings, LLC Acquires Van Hedge Funds
Hartford — Thomas Whelan, CEO, and George Van, Chairman, announced today, that Muirhead Holdings, LLC of Greenwich, CT. (“Muirhead”) acquired Van Hedge Funds, LLC of Greenwich, CT and Nashville, TN (“Van”). Whelan will continue as CEO of Van while George […]
Hedge fund manager accused of defrauding clients
BOSTON –A civil complaint against a hedge fund manager alleges he defrauded about 75 investors by hiding losses and overstating the fund’s value by about $29 million. The complaint by the Securities and Exchange Commission also alleges Mark R. Conway […]
McDonald’s in the pressure cooker – Chicago Sun-Times
Pressure mounted on McDonald’s to break itself up Monday, with a major shareholder calling for the hamburger giant to spin off its company-owned restaurants. William Ackman, the general partner of Pershing Square L.P., pledged to divulge the details of his […]
Former Refco CEO to unveil new trading venture
Former Refco Chairman and CEO Thomas Dittmer, a legendary commodities trader for three decades, plans to return to Wall Street with a new investment venture that will compete with his former employer, USA TODAY has learned. Dittmer was in London […]
Hedge-Fund Rule Yields Little Info So Far
NEW YORK -(Dow Jones)- Hedge funds are starting to register with the Securities and Exchange Commission, and so far the agency isn’t getting much useful information, according to a commissioner who opposed the new rule. Commissioner Paul Atkins, a Republican […]
Hedge Funds Generate Negative Return of -1.32 in October
HEDGE FUNDS GENERATE NEGATIVE RETURN OF -1.32% IN OCTOBER Hedge Funds Caught Out Looking For Fourth Quarter Rally November 8, 2005 – New York, NY – Hennessee Group LLC, an adviser to hedge fund investors, today announced that hedge funds […]
Hedge funds down in Oct. but not as much as feared – Reuters
BOSTON, Nov 8 (Reuters) – October was a miserable month for many hedge funds because most lost money, but new data show the losses were not as high as some investors feared after big funds were hit by moves in […]