Yearly Archives: 2007
Deutsche Bank Launches Hedge Fund Consulting Business
New York (HedgeCo.Net)- Deutsche Bank Securities Inc. announced plans to launch a hedge fund consulting business. John Budzyna has joined as a managing director and head of hedge fund consulting within the bank’s Global Prime Finance business. At Deutsche Bank, […]
World Trade Union Leaders Warn Pension Investors Off Hedge Funds
International Herald Tribune- International trade union leaders on Thursday warned pension funds not to invest in private equity and hedge funds, saying they frequently hurt workers and avoid tax. The International Trade Union Confederation  the world’s largest union group […]
For Schumer, the Double-Edged Sword of Cozying Up to Hedge Funds
New York Times- They are not normally a shy group, the hedge fund managers, private equity titans and Wall Street executives whose net worth has suddenly become a national issue. But last spring, when a group of them gathered at […]
Deutsche Bank, Hedge Funds Fined E6.25m ($8.3 million)
Financial Times- France’s financial watchdog has fined Deutsche Bank and four hedge funds a total of €6.25m after an insider trading probe in relation to a bond issue by Vivendi, the French media andtelecoms group. The Autorité des Marchés Financiers […]
Hedge Fund Contracts Acquisitions Group For Billion Dollar Project
New York (HedgeCo.Net)- New York hedge fund Fairhills Capital has entered into a contract with Corporate Acquisitions Group to identify, contract, and manage the process of acquiring up to $1 billion in private companies in the food service industry sector. […]
Congress Weighs End to Tax Break for Hedge Funds
New York Times- Leaders of the tax-writing committees in Congress are considering a new proposal to end a little-known tax break that has allowed wealthy financiers who run private equity firms and hedge funds to cut their total income tax […]
Hedge Funds Run By Women Do Well
Reuters Italia- Investors looking for better performing hedge funds may want to try putting their money into portfolios run by women or minorities, a new industry benchmark launched on Wednesday shows. The HFRX Diversity Index tracks returns at firms owned […]
Rescue Bid for Wall Street Hedge Funds
Times Online- Blackstone, the US private equity group, was locked in rescue talks last night with a dozen lending banks, including Bear Stearns, to prevent the collapse of two hedge funds thatcontrol investments of about $20 billion (£10 billion). Bear […]
Hedge Fund Citadel Licensed to Operate in Bermuda
New York (HedgeCo.Net)- Hedge fund Citadel Solutions LLC announced today that the Bermuda Monetary Authority has approved their new branch, making Citadel Solutions Bermuda Ltd. the first company licensed by the BMA to provide administration services to hedge funds. Effective […]
BlackRock Sets Sights on Hedge Funds
Financial News Online US- BlackRock said it will buy small stakes in startup hedge funds as traditional fund companies try to replicate the flourishing returns from alternative asset managers. BlackRock executive Howard Berkowitz, who heads the asset manager’s hedge fund […]
Bear Stearns Hedge Funds Near Shutting Down
Reuters- Two Bear Stearns Cos. hedge funds that invested heavily in securities backed by subprime mortgage loans are close to being shut down as a rescue plan is falling apart, The Wall Street Journal Online reported on Wednesday. Merrill Lynch […]
Merrill may be poised to sell hedge fund assets
Boston Globe – –Merrill Lynch & Co. will proceed with a plan to sell about $800 million of bonds from a money-losing hedge fund run by Bear Stearns Cos., a day after delaying a similar auction, people with knowledge of […]