Monthly Archives: June 2008
Avenue Capital Sees Improved Performance in May
New York (HedgeCo.Net) – New York-based Avenue Capital, the hedge fund that manages roughly $20 billion, is back after a lagging first quarter. The company informed investors that the fund experienced gains in May for the second straight month. The […]
SGI Alternative Strategy Launch
West Palm Beach (HedgeCo.net)- Security Global Investors (SGI) announced a strategic initiative to intensify its capital raising efforts for alternative global equity product offerings. The performance, transparency of the process and a 13-person investment team has garnered attention from hedge […]
Fortis gets $630 mln capital from Russian billionaire
U.S. Daily- Belgian-Dutch financial services group Fortis received $630 million in capital from Russian billionaire Suleiman Kerimov as part of its recent share issue, the Wall Street Journal said, citing people familiar with the matter. Fortis, which last week raised […]
Foreign wealth pours into London’s hedge funds
Guardian.co.uk- Foreign sovereign wealth investors are targeting London’s hedge fund industry as they seek to boost returns on their vast savings, much of it generated from trade with the west in oil and other commodities. The hedge funds have seen […]
Bear Stearns Wins Trial Over Hedge Fund
Bloomberg- Bear Stearns Co. won a trial over claims by investors seeking $141 million for losses they suffered following the collapse of Manhattan Investment Fund Ltd., a hedge fund client of the bank’s prime brokerage in the 1990s. Bear Stearns, […]
Chinese fund manager wins Warren Buffett lunch
Reuters India- A Chinese fund manager has won a lunch with famed U.S. investor Warren Buffett after bidding $2.11 million for the opportunity in a charity auction, more than three times what the lunch fetched last year. Zhao Danyang, who […]
DWS hedge offers daily liquidity
Financial Standard- DWS Investments could well be one of the pioneers of a new era in hedge funds when it launched a new product that offers daily liquidity and pricing to retail investors. DWS Investments, Deutsche Bank’s global retail asset […]
Hedge fund fraud cover offered
Financial Times- When hedge fund manager and convicted fraudster Samuel Israel III disappeared this month, leaving nothing but the message "suicide is painless" scrawled in the dust on his car, you can be sure his life assurer did not pay […]
Fund giants track property swaps
Reuters- Some of the world’s biggest property fund firms could eventually be tempted to trade property derivatives in a material way as long as the young market continues growing. However, listed property firms such as real estate investment trust (REITs) […]
Hedge Fund Ritchie Capital Drops Suit Against Benchmark
New York (HedgeCo.Net) – The legal battles that ensued between Ritchie and investors who once tried to force an involuntary bankruptcy upon them are slowing simmering down. Chicago based Ritchie Capital has dismissed a complaint it brought against Benchmark Plus […]
EU Recommends a Tightening of Hedge Fund Transparency Laws
West Palm Beach (HedgeCo.net)- The EU Parliament has come up with new guidelines regarding hedge fund transparency and ‘asset stripping’. Also proposing some investigative measures and rules so that companies are not left in the dark on the investment policies of […]
6th Annual Hedge Fund Industry Award Winners
West Palm Beach (HedgeCo.net)- Winners of Alternative Investment News’ 6th Annual Hedge Fund Industry Awards were announced on Wednesday evening June 25th at a black-tie dinner and ceremony at Cipriani Wall Street in New York City. The awards recognized hedge […]
