Yearly Archives: 2007
Eurotunnel challenged by hedge funds
Times Online – Two US hedge funds are suing Eurotunnel because they are unhappy that the company was restructured under French insolvency law this summer. Elliott Advisors, an arm of New York hedge fund Elliott Associates, and Resurgence Asset Management, […]
India pledges greater access for funds
Financial Times- India has pledged to open the “front door†wider to hedge funds in an apparent bid to bolster foreign investor confidence after a stock market plunge triggered by a proposedcrackdown on investment in the country through offshore derivatives. […]
Ex-BWC official testifies to bribe
Columbus Dispatch- Terrence W. Gasper returned to the stand yesterday in the federal fraud trial of investment manager Mark D. Lay and described meeting a Cleveland-area broker at the Old Bag ofNails Pub in Worthington in 2004. Gasper, the disgraced […]
Hedge Fund Hires New Members To Allocation Committee
West Palm Beach (HedgeCo.Net)- The Portland City Council and the Multnomah County Commission recently appointed 2 new members to the Portland Children’s Investment Fund Allocation Committee. They are respectively: Alissa Keny-Guyer, a consultant for foundations and nonprofits; and Adrienne Livingston, […]
US national Nixon Peabody unveils City launch
Legal Week- Nixon Peabody has unveiled its long-planned City arm, handing the top 100 US law firm its first foreign outpost, it was announced today (18 October). The seven-lawyer branch will be overseen by New York-qualified financial services […]
Hedge-Fund Rockers Tap Inner Jagger to Help Disabled Children
Bloomberg- Last month, at a basement bar in a New York Cajun restaurant, Chris Heasman of Lazard Asset Management and about 20 other hedge-fund executives dressed down in jeans and T-shirts spent the night belting out songs by the Rolling […]
Technology Biggest Spending Area For Hedge Funds
West Palm Beach (HedgeCo.Net)-According to a poll of over 100 top global hedge funds, and fund of funds managers, collectively managing some $900 billion in assets, shows that three quarters of respondents identified technology as the biggest spending area in […]
HSBC Investments to launch climate change fund
Reuters- HSBC Investments is set to open next month a climate change fund which will invest in companies that make their profits from fighting global warming. This is the latest in a string of such funds. Rising emissions of carbon […]
Research Shows Hedge Fund Talent A Priority
West Palm Beach (HedgeCo.Net)- According to new research ‘Navigating New Complexities’ published today by Ernst & Young. The world’s leading hedge funds managers are more concerned about attracting and retaining talented people and managing growth than anything else. “Governance and […]
Indian Stocks Plunge After Regulator Seeks Tighter Controls
Bloomberg– Indian stocks plunged and were temporarily halted from trading after the country’s stock-market regulator proposed tightening controls on unregistered funds. The National Stock Exchange’s Nifty Index dropped almost 10 percent. Reliance Industries Ltd. and ICICI Bank Ltd. led declines […]
Improved Performance Helps Summer Hedge Fund Outlook
New York Sun- Hedge funds’ improved performance in September helped them overcome poor returns in July and August to post an average gain of 2.4% for the third quarter, according to Morningstar Inc. The strongest returns were for hedge funds […]
Baseball stars turn to hedge funds
International Herald Tribune- Now that their teams are out of the Major League Baseball playoffs, the New York Yankees catcher Jorge Posada and the Chicago Cubs outfielder Alfonso Soriano may turntheir attention to a new hedge fund investment. The star […]