Yearly Archives: 2007
San Diego retirement fund sues failed hedge fund firm
New York – Amaranth Advisors has been sued by the San Diego County retirement fund for securities fraud, a step that the hedge fund firm said might delay refunds to clients hurt when Amaranthcollapsed under $6.6 billion in losses in […]
SkyBridge Capital Invests in IronShield Hedge Fund
HedgeCo.net – New York based hedge fund investor SkyBridge Capital, announced plans to invest in Ironshield Capital Management, a London-based hedge fund scheduled to launch later this year. Ironshield Capital Management is the latest in a series of investments that […]
European Mutuals Push For Hedge Fund Access
HedgeCo.net – European mutual fund managers are pushing regulators to allow them to buy into derivatives of hedge fund indexes. Approval from regulators would allow European Union-regulated funds toput some of their $7.3 trillion of assets into derivatives tracking the […]
Predicting the next big hedge fund IPO
On the night before Fortress Investment Group became the first hedge fund to trade on the New York Stock Exchange, Wesley Edens and the other four principals celebrated in a manner that befits the firm’s intentionally low-key profile. They gathered […]
Hedge funds lead US junk sector lending
Three-quarters of loans to junk-rated US companies are now provided by hedge funds and other non-banks, according to a new report on the US leveraged loan market. The study highlights the speed with which non-traditional investors are taking over from […]
Mining fund to buy shares and sell metal
London – A new resources hedge fund aims to pick undervalued explorers and small-scale miners rather than piggyback on rising metal prices, its managers said. An unusual feature of the Blackfish-Investec Resources Special Situations fund is that it will offset […]
Hedge Fund To Separate Brokerage Arm to New York
HedgeCo.net – Top ten hedge fund firm Man Group said on Friday it is considering splitting off its brokerage arm into a new £2 billion ($3.9 billion) company. The de-merger would separate its U.S. brokerage unit and list it in […]
French Candidate Disapproves of Hedge Fund Strategies
HedgeCo.net – French Interior Minister and presidential candidate Nicolas Sarkozy criticized hedge funds as an example of undesirable speculation, saying he didn’t approve of companies….”that buy up a company, sell it off in pieces, sack 25% of the staff in […]
Fewer hedge funds closed in 2006 than in 2005-HFR
BOSTON – Fewer hedge funds went out of business in 2006 than the year before, according to new data that also show that fewer people launched these loosely regulated but hugely popular investment portfolios last year. In 2006 1,518 hedge […]
Can’t beat activist hedge funds
NEW ORLEANS – The age of the activist hedge fund is here, and companies would do well to accept it. Such were the sentiments of mergers and acquisition lawyers and some investment bankers from top Wall Street institutions who spoke […]
Electronic Reporting for Cayman Islands Regulated Funds now Underway
GEORGE TOWN, Grand Cayman – The mechanism for the electronic submission of annual returns for funds licensed, registered and administered in the Cayman Islands is now in place. With it, electronic reporting for all funds regulated under Cayman’s Mutual Funds […]
NFL Hedge Fund Case To Proceed as Planned
HedgeCo.net – A federal judge in Atlanta ruled that the NFL players who entrusted their funds to Kirk Sean Wright, CEO of hedge fund International Management Associates of Atlanta, may move forward with their case over lost investments. The FBI […]