Yearly Archives: 2008
Even hedge funds with gains face redemptions
Reuters – Even hedge-fund managers with portfolio gains are in trouble this year. Dozens of managers who are outperforming the market and their troubled rivals with gains of as little as a few percent or as much as nearly 100 […]
Big Time NYC Lawyer Accused of Scheming Hedge Funds
New York (HedgeCo.Net) – A prestigious New York City lawyer has been arrested and charged with masterminding a $100 million real-estate scheme that targeted large institutional investors and hedge funds. Marc Dreier, of Dreier LLP on Park Avenue, was arrested […]
Hedge Funds Decline 2.69% in November
New York, NY – Hennessee Group LLC, an adviser to hedgefund investors, announced today that the Hennessee Hedge Fund Index declined-2.69% in November (-18.44% YTD), while the S&P 500 declined -7.48%(-38.97% YTD), the Dow Jones Industrial Average declined -5.32% (-33.44%YTD), […]
Oxford Funding adds $40 Million in New Properties to its Hedge Fund
West Palm Beach (HedgeCo.net) – Oxford Funding Corp. has signed a letter of intent to acquire $40 million in new properties into its hedge fund, The Oxford Opportunistic Mortgage Fund, Ltd. The assets are being acquired from ARCOA Capital Partners, LP, […]
Merrill’s Thain seeking 2008 bonus of $10 million
Reuters – Merrill Lynch & Co Chief Executive John Thain has suggested to directors that he get a 2008 bonus of as much as $10 million, but the battered company’s compensation committee is resisting his request, the Wall Street Journal […]
Canada’s Hedge Funds Care Group Raise $150K for Kids
West Palm Beach (HedgeCo.net) – Canada’s hedge fund industry gathered in November to raise $150,000 in support of Hedge Funds Care Canada (HFCC), which is dedicated exclusively to the treatment and prevention of child abuse and neglect. "The Canadian hedge fund […]
Experts Discuss Hedge Fund Growth at ‘Fighting the Tape’ Seminar
West Palm Beach (HedgeCo.net) – Top financial industry leaders and more than 200 attendees gathered in New York late last week discuss the volatile hedge fund market and provide insights on distressed funds. Sponsored by global offshore law firm Walkers, the […]
Global fund houses look to India JVs amid turmoil
Forex Pros – Global financial turmoil and recent attacks in Mumbai will likely spur foreign fund houses still looking to enter the high potential India market to hedge their risks with local partnerships rather than going it alone. Factors such […]
Mystery sponsor funds cancer drug
BBC News – A kidney cancer patient who was refused a life-saving drug on the NHS has been given hope, after a mystery benefactor offered to pay for the treatment. After his plight was highlighted by a cancer campaign group, […]
British Airways Woos Caja Madrid to Keep Qantas and Iberia Deal
Merchant News – British Airways is going to woo Caja Madrid, the saving bank that has a key hold in Iberia, in order to try to persuade the Spanish carrier into joining a 3-way merger. British Airways sources say that […]
I’m Shocked, Shocked: My Hedge Fund Didn’t Hedge!
Seeking Alpha – "In my view they didn’t do what they set out to do … which was to hedge. I saw a few hedge funds that did much worse than my long-only fund, which is rather ironic," [Veritas Asset […]