Yearly Archives: 2007
Johnson Taps Into Hedge Fund Of Funds
Billionaire and Black Entertainment Television founder Robert L. Johnson has formed a new yet unnamed fund company with African American asset managers in mind. Johnson says his new hedge fund venture with Deutsche Bank AG is designed to create opportunities […]
Investment trust pioneer to launch closed-end fund of hedge funds
F&C, whose flagship Foreign & Colonial Investment Trust was the first such investment vehicle of its type, has announced plans to give investors access to a portfolio of hedge funds through a new listed investment company. The launch, which combines […]
Disclosure Ruling Has Hedge Funds Retreating
New York – Judge Allan Gropper of the U.S. Bankruptcy Court in New York this week ordered a group of hedge funds that were demanding the formation of a shareholders committee to disclose all of their holdings in the airline, […]
Citigroup Exec Quits to Launch Hong Kong Hedge Fund
New York – Ajay Kapur, a top Citigroup executive is leaving the firm to found his own hedge fund, according to reports. Kapur is returning to Hong Kong, where he has residency rights, to set up a hedge fund called […]
Abax to be milestone for Asian hedge funds
Greece – The first start-up independent Asian hedge fund to begin with more than $1bn is expected to launch in the coming weeks, people familiar with the situation said, signalling a watershed for the asset class in the region. The […]
Hedge Funds Throwing Their Weight Around with European Governments
Hedge funds, somewhat like mutual funds but without much of the burdensome regulation and responsibility, are attracting huge investments, and throwing that weight around. Recently, hedge funds havebeen pushing to gain access to a European bond trading network, and a […]
Fund of Hedge Funds Summit, May 10-11, 2007 New York, NY
With hedge fund returns averaging 10% for 2006 and with assets soaring to over $1.2 trillion dollars there is about $700 billion invested into hedge funds through fund vehicles. As many hedge funds continue to increase their leverage in pursuit […]
Hedge Fund Shareholders Withdraw from Northwest Deal
New York – Hedge fund shareholders withdrew their motion to have a say in the payment deals after the Northwest Airline Corp reorganization, surprising U.S. Bankruptcy Judge Allan Gropper. The hedgefund committee claims that Jugde Gropper has not allowed an […]
Ritchie to Sell Flagship Hedge Fund
New York- Ritchie Capital Management Ltd has been struggling for two years now with below-average returns and the word is out that the company plans to sell its flagship hedge fund to equal partnersin the venture, Reservoir Capital Group and […]
R. J. O’Brien Revenues Up Again – Poised to Pursue Acquisitions
HedgeCo.net – CHICAGO, February 28, 2007 — R.J. O’Brien and Associates, Inc. (RJO), the nation’s largest independent futures brokerage, announced today that its revenues climbed 30% during the fourth quarter of 2006, as compared with the fourth quarter 2005 results. […]
Hedge Fund Mega-Investor Expands To U.S.
In a effort to strengthen its presence in the United States, BNP Paribas Securities Services announced that it has expanded its hedge fund administration operations to include services within the United States. BNP Paribas has EUR 570 billion ($754.8 billion)in […]
Hedge Funds Looking For Direct Access to MTS
New York-Following reports that hedge funds such as Citadel and Vega are trying to gain direct access to the pan-European bond exchange network MTS, the European Primary Dealers Association (EPDA)reported that it has not yet decided whether to allow third […]