Yearly Archives: 2007
Trump Tower hints at deal
St. Petersburg Times – For the better part of two years, Trump Tower Tampa developers have promised that a financing deal was just around the corner. Now, at the 11th hour, after the condo projecthas been wracked by lawsuits and […]
September 2007 figures for the Dow Jones Hedge Fund Strategy Benchmarks
Four of the six strategies covered by Dow Jones Hedge Fund Indexes posted net-of-fees gains in September, and five of the six strategies ended the third quarter in positive territory for the year. Equity long/short, the best performer of the […]
Rubinstein & Rubinstein Launch Alternative Offshore Fund
West Palm Beach (HedgeCo.Net)- Rubinstein & Rubinstein, LLP has launched an offshore alternative investment fund practice which has seen a great deal activity in the past few months. Taking advantage of a tax treaty between the United States and a foreign government, […]
Northern Rock suitor JC Flowers raises £15 billion: report
CityWire.co.uk- Private equity group JC Flowers has raised £15 billion for a possible takeover of Northern Rock after viewing the ailing mortgage bank’s data room last week, the Financial Times has reported without naming sources. Northern Rock shares jumped 9% […]
Crisis For New Class Of Funds
New York Post- Hedge-fund executives say the next blow to hammer their industry will likely come from a wave of hedge-fund redemptions driven by highly-levered funds that invest in other hedge funds. One bellwether of how this may play out […]
Hedge Fund BlackRock Aquisitions Quellos Fund of Funds
HedgeCo.Net- Hedge fund investor BlackRock, Inc. today announced that it has completed its acquisition of the fund of funds business of Quellos Group, LLC. BlackRock is calling the combined fund of funds platform BlackRock Alternative Advisors. Laurence D. Fink, BlackRock’s […]
Hedge fund and private equity sectors seen at a peak
Reuters- The hedge fund and private equity industries have reached a near-term peak in their cycles after years of rampant growth, speakers at a Reuters Forum said on Thursday. “Private equity and hedge funds both have cycles, and I think […]
Hedge fund M&A seen rising in tougher environment
Reuters- Smaller hedge fund firms hard hit by the current tighter credit conditions may be bought by larger, more traditional fund houses or may simply fold, law firm Eversheds told Reuters. “There’s bound to be a shake-out of hedge funds […]
STOXX Further Expands Its Strategy Index Series
ZURICH (October 2, 2007)- STOXX Ltd., the leading European index provider, today launched 18 new sector indexes that will replicate a short investment strategy. The new indexes are based on the Dow Jones STOXX 600 Supersector Indexes, which represent the […]
Alternative Investor Partners With Former Head Currency Trader at Tudor
West palm Beach (HedgeCo.Net)- Alternative investor Last Atlantis Capital Management and Jerry Considine, former head currency trader at Tudor Investment, have partnered to introduce LACM Foreign Exchange, Share Class W within the Last Atlantis Partners Fund. The share class will be […]
Goldman makes $370m after saving its black box hedge fund
Times Online- Goldman Sachs is understood to have made a profit of $370 million (£181 million) from the rescue last month of its imploding “black box†hedge fund Global Equity Opportunities. Goldman injected $2 billion of new equity into the […]
London & Capital looks to raise $1 bln-plus in U.S.
Reuters- London & Capital Group, a $3 billion fund that invests in hedge funds, said on Monday its U.S. arm could raise more than $1 billion by 2009 in six new investment vehicles aimed at European markets. The London-based hedge […]