Yearly Archives: 2008
Hedge Fund Headstart calls SEC suit “misguided”
Reuters- A British-based hedge fund sued by U.S. securities regulators for alleged improper trading of U.S. mutual funds said on Friday the lawsuit was "utterly misguided" and that it will fight the charges. Headstart Advisers was accused of reaping $198 […]
Lipper Awards – 10 Hedge Funds are Winners
Reuters – Ten hedge funds were named winners on Wednesday in research firm Lipper Inc’s inaugural awards for the sector in North America. "Based on our quantitative fund rating methodology, the Lipper Hedge Fund Awards recognize the combined return and […]
Former Sowood Head to Launch New Hedge Fund
West Palm Beach (HedgeCo.Net) – Jeff Larson, former head of the collapsed Boston based Sowood Capital Management, is in talks to launch another hedge fund. Sowood closed up shop last July after losing $1.6 billion of investors money, in what […]
UK Hedge Fund Faces SEC Lawsuit
West Palm Beach (HedgeCo.Net)- UK hedge fund Headstart Advisers Ltd. is facing a SEC suit alleging the hedge fund earned $198m in profits by manipulating U.S. mutual funds through late-trading and deceptive market-timing practices from 1998 through to 2003. The […]
HSBC Offers A Home To Hedge Funds Fleeing Prime Brokers
FINalternatives- HSBC Holdings is luring hedge funds spooked by the credit crisis and its possible impact on prime brokers. The firm has spoken with hedge funds managing more than $100 million, HSBC global head of securities services Tim Howell says, […]
NatSource Founders Cough Up New Carbon Hedge Fund
FINalternatives- Two founders of Natsource Asset Division Management have left the firm and formed their own hedge fund trading carbon emissions. David Kandolha and Harvey Abrahams this month launched Akeida Capital Management, and is fundraising for their maiden carbon hedge […]
Hedge funds losing money but keeping clients
Reuters- Hedge funds are losing money but that doesn’t mean the $1.8 trillion industry is losing clients — yet. Pension funds and endowments, whose big bets on hedge funds helped double industry assets in the last five years, are sticking […]
Hedge Funds Paulson Trades Up in Hamptons
Wall Street Journal- Last year, hedge-fund manager John Paulson pocketed billions by betting the housing market would collapse, but in the Hamptons he’s just listed his three-acre retreat for $19.5 million, more than 50% above what he paid for it […]
Lehman Bails Out Hedge Funds
Forbes- Lehman Brothers is taking some of the $4 billion of capital it just raised and cleaning up a mess. It took a bunch of impaired assets out of some hedge funds it runs, closing three of them and returning […]
Robeco-Sage Capital Sues Citigroup’s CSO Hedge Fund Over Losses
Bloomberg – Robeco-Sage Capital LP, a New York- based fund of hedge funds with $2.2 billion in assets, sued Citigroup Inc.’s Corporate Special Opportunities Ltd. fund, saying it suffered damages after a “disastrous” investment. Acquired by Netherlands’ Robeco Group in […]
Hedge Fund Appaloosa Still Interested in Delphi
West Palm Beach (HedgeCo.Net) – Delphi’s lead investor is still interested in working out a deal, days after they yanked their financing and left the Detroit auto parts maker stuck in bankruptcy. "We’d like to work something out with these […]
Florida Hedge Fund Sues Citigroup
West Palm Beach (HedgeCo.Net)- Hedge fund Falcon Strategies Two B LLC, is suing a business unit of Citigroup, accusing the financial giant of failing to disclose a change in risk, causing the West Palm Beach hedge fund to loose more than 40% of […]