Yearly Archives: 2007
Over $40,000 Raised For Children by Hedge Funds Care Group
West Palm Beach (HedgeCo.Net)- The Hedge Funds Care Committee of Hope raised over $40,000 last week to support the prevention and treatment of child abuse and neglect. At the 2nd Annual No Limit Texas Hold ‘Em Poker Tournament, more than […]
Browne Returns To Energy Sector Via Private Equity
LONDON (Reuters) – John Browne is making a return to the industry where he was a long-time leader, joining a private equity firm focused on energy investments four months after a scandal forced himto resign early as CEO of BP. […]
US Hedge Fund Losses Seen Adding Up In August
Reuters- For hedge funds the last weeks of summer have been anything but lazy or dull as market turbulence left many of the industry’s most prominent funds nursing losses this month, investors and analysts said. As the end of August […]
Investors Flocked to Hedge Funds Before Credit Crunch
CNBC- Investors poured $41.1 billion into hedge funds in the 2007 second quarter, which combined with performance gains, swelled industry assets to an estimated $1.67 trillion by the end ofJune, fund tracker Lipper TASS said on Tuesday. The gains, which marked […]
Iraqi Hedge Fund Escapes Market Turmoil
West Palm Beach (HedgeCo.Net)- Iraqi hedge fund `The Babylon Fund´ announced today that they successfully managed to steer away from the general global financial meltdown seen lately. Babylon’s winning streak continued during July (and further into August) with a rise […]
Dutch judge refuses hedge funds’ request to block Mittal-Arcelor steel merger
International Herald Tribune- Courts in the Netherlands and France refused Monday to grant injunctions blocking the €30 billion (US$41 billion) merger between steel giants Mittal Steel Co. NV andArcelor SA. Legal actions launched in Rotterdam by three hedge funds and […]
Hedge Fund Numbers in Japan Grow as Stocks Languish
Bloomberg- Hiromichi Tsuyukubo ran the best- performing fund in Japan at Mitsubishi UFJ Asset Management Co., an arm of the nation’s biggest lender. Then, after six years, he decided to join a hedgefund. “Back at my old job, I couldn’t […]
BNP to reopen frozen funds in subprime blizzard
PARIS (Reuters)- BNP Paribas said on Thursday it would reopen next week three investment funds it had frozen this month amid subprime volatility in a step that may help restore investor confidence,which took a hit on their suspension. Chief Executive […]
Judge extends bankruptcy protection for 2 Bear Stearns hedge funds
CNBC- A federal judge on Monday barred investors from seizing the assets of two Bear Stearns Cos. hedge funds for 10 days, but indicated he is considering lifting the funds’ U.S. bankruptcyprotections. Judge Burton Lifland of the U.S. Bankruptcy Court […]
Hedge Fund Company Launches Real Estate Marketing Tool
West palm Beach (HedgeCo.Net)- Hedge fund backed Terablitz recently announced the launch of Terabitz Home Snapshots, which, according to the company, “Give the real estate professional an innovative solution that enables them to more effectively build their client base, and help […]
Hospital Eyes Hedge Funds
The Free Lance Star- MediCorp Health System may start investing in “alternative investments” including hedge funds, an executive for the Fredericksburg nonprofit said. MediCorp’s board of trustees will likely vote on that issue later this year, said Chief Financial Officer […]
Hedge Fund $400m Loss
Boston Globe- James Pallotta, Boston’s highest-paid hedge fund manager and a part owner of the Boston Celtics, told investors in his $8.5 billion Raptor fund yesterday that some of the investments in the fund were “simply crushed” by the market […]