Yearly Archives: 2008
Catterton closes $300m consumer sector-focused fund
Altassets – US consumer sector-focused private equity firm Catterton Partners has closed its Catterton Growth Partners fund on its hard cap of $300m. The fund will target control oriented investments in companies requiring between $10m and $30m of equity capital.Catterton […]
UK hedge fund slams J-Power’s plan to pay US$0.67 dividend
Tradingmarkets.com – The Children’s Investment Fund said Thursday that the proposal announced the previous day by Japan’s Electric Power Development Co. (TSE:9513), or J-Power, to distribute a dividend of 70 yen (US$0.67) per share is insufficient. The British hedge fund […]
Investors sue Citi over muni bond hedge funds
NEW YORK (Reuters) – Investors in a troubled municipal bond hedge fund sued several units of Citigroup on Thursday, less than three months after the banking giant committed $1 billion to shore up several of its funds. The suit, filed […]
Funds: Running with the Bears
BusinessWeek – With the U.S. economy facing the likelihood of a recession, is it too late to jump on the bear-market bandwagon? David Tice, manager of the Prudent Bear Fund, doesn’t think so. "Unfortunately, long bull markets are typically followed […]
Drake to shut down largest hedge fund
West Palm Beach (HedgeCo.Net) – After a much publicized debate on their troubled hedge funds, Drake Management will shut down their $2.5 billion Global Opportunities Fund, according to a letter to investors. Drake had suspended redemptions in December, after the […]
Och-Ziff reports quarterly net loss on IPO costs
Market Watch – Och-Ziff reported a first-quarter loss of $268.1 million versus a profit of $85.2 million, a year earlier, due to $425.6 million of expenses related to the company’s IPO in November. The New York-based hedge fund firm posted […]
HFR Hedge Fund Index Rebounds in April After Decline in March
Bloomberg – Hedge fund returns rebounded in April after starting the year with the worst performance in nearly two decades, according to early results from Hedge Fund Research Inc. Overall hedge fund returns increased 1.5 percent for the month ended […]
Basis hedge fund denied liquidation in Caymans
West Palm Beach (HedgeCo.Net) – Basis Capital Funds Management will not have the luxury of liquidating its failed fund in the Cayman Islands. The Australian based company, whose Basis Yield Alpha fund was domiciled in the Caymans, originally sought U.S. […]
Regulators: ‘Fund Manager’ Was a Fraud
Business Week – It’s official: Robert J. Sucarato wasn’t much of a hedge fund manager after all, regulators say. In a civil lawsuit, regulators charge Sucarato lost much of the money he solicited from investors, and he raised that money […]
HedgeCo Networks LLC Secures Major Outside Investment from Inter-Atlantic Group
New York, NY (PRWEB) April 30, 2008 — HedgeCo Networks LLC has received its first major outside investment from Inter-Atlantic Group, a private equity firm specializing in the financial services sector. The capital will be used by HedgeCo to expand […]
New Atos directors backed by hedge funds
Financial Times – Two hedge funds besieging Atos Origin, the French computer services group, will support new directors proposed by the board even as they continue to demand the exit of several existing supervisory board members. Bernard Oppetit, chairman of […]
Hedge fund exec sues to get his bonus
The New York Post – A former hedge fund portfolio manager is suing his former employer claiming he was stiffed on his compensation at a time when he needed cash to care for his cancer-stricken son. Stephen Czech claims that […]