Yearly Archives: 2007
TS Launches Second Fund After First Success
Single manager hedge fund ThinkStrategy Capital Management LLC. today announced the launch of the TS Multi-Strategy Fund LP Class B. The new class is an unleveraged version of an existing and successful TS Multi-Strategy Fund LP Class A and will […]
Legal Search Firm Hires Hedge Fund Specialist
West Palm Beach (HedgeCo.Net)- Lucas Group announced today in a press release that Todd Caissie has joined as the new Managing Partner of the New York Legal Executive Search office. Caissie brings nine years of recruiting experience to his new […]
Red Kite Metals Lost 20% in August
Bloomberg- Red Kite Metals, the world’s largest hedge fund dedicated to metals, tumbled about 20 percent last month as the $2.5 billion Touradji Capital Management LP commodities fund gained. The decline at Red Kite, co-founded by Michael Farmer, extends its […]
HFN Aggregate Average Down for August
West Palm Beach (HedgeCo.Net)- Early estimates from the HFN Hedge Fund Aggregate Average is -1.26% for August of this year. The decrease was the largest since May 2006 and was thefirst month since May 2007 that the average hedge fund […]
Aviva to buy Romanian asset manager
Reuters- Aviva said on Wednesday it had agreed to buy Romanian asset management company Certinvest from its chief executive and a private U.S. firm, the Romanian-American Enterprise Fund (RAEF). Aviva, which has signed a string of partnership deals and small […]
Private equity firms profit from their own overreaching
Slate- Back in July, we suggested, tongue firmly in cheek, that the Blackstone Group, the private equity firm that had just gone public, could take advantage of its plummeting stock price by taking itself private. A Blackstone leveraged buyout of […]
Hedge funds boost bottom line for managers-study
Reuters- Hedge funds are the new “must-have” products for all types of asset managers who rely on them to boost their bottom line, according to a study conducted by consulting firm McKinsey andInstitutional Investor’s U.S. Institute and released on Wednesday. […]
Biovail Plans to Pursue Lawsuit Against Hedge Funds
Bloomberg- Biovail Corp., the Canadian maker of the antidepressant Wellbutrin XL, plans to pursue a lawsuit against a group of hedge funds it accuses of driving down its share price after settling aseparate case. Biovail, based in Mississauga, Ontario, said […]
Pirate Capital Bars Withdrawals From Two Activist Hedge Funds
Bloomberg- Pirate Capital LLC, the hedge-fund manager run by Thomas Hudson, barred withdrawals from its two Jolly Roger Activist funds after the firm’s assets declined by almost 80 percent in thepast year. Pirate designated the four stocks held by the […]
Bear Stearns appeals ruling on failed hedge funds
Reuters- Representatives of two failed Bear Stearns Cos Inc hedge funds on Tuesday appealed a U.S. federal bankruptcy court ruling that required them to be liquidated in U.S. courts and not in theCayman Islands, as the fund’s directors prefer. Holding […]
Proskauer Rose Hires Hedge Fund Lawyer
West Palm Beach (HedgeCo.Net)- According to a statement released today, hedge fund and private equity lawyer Timothy M. Clark has joined the New York office of Proskauer Rose LLP as a partner, continuing the expansion of the firm’s significant private […]
Merkel and Sarkozy Discuss EU Hedge Funds
West Palm Beach (HedgeCo.Net)- At an informal meeting yesterday in Meseberg, Germany, French President Sarkozy took a tough line on “financial speculators”, such as hedge funds, who should not be allowed “to destroy an entire international system”. He added: “We […]