Yearly Archives: 2008
HedgeCo.Net and IFA Create Alliance to Give Clients Unrestricted Access
West Palm Beach (HedgeCo.Net) – HedgeCo LLC, an elite name in the hedge fund service industry, announced today a strategic relationship with International Financial Administration US LLC. This alliance will offer clients of IFA the use of the HedgeCo Websites […]
Who’s Banking on Bear?
West Palm Beach (HedgeCo.Net) – While investors may have gotten the short end of the stick, there is one group of people banking from the Bear Stearns takeover. Ebay sellers are enjoying skyrocketing prices on otherwise normal trinkets bearing the […]
Hedge Fund Activsts Push Aerojet on 2,300 Acre Deal
West Palm Beach (HedgeCo.Net)- Feeling the pressure from hedge fund shareholder Steel Partners, GenCorp Inc. announced an agreement with the state Department of Toxic Substances Control, saying it had obtained environmental clearance on 2,300 acres earmarked for a massive real […]
Value Partners, Hedge Fund Manager Says 2007 Profit Surges 66%
Bloomberg- Value Partners Group Ltd., Asia’s second-largest hedge fund manager, said 2007 profit surged 66 percent on growing assets. Profit reached HK$1.42 billion ($183 million) from HK$856.3 million a year earlier, the Hong Kong-based company said in a filing to […]
Cameron ally’s hedge fund closes after SEC complaint
This is Money- Pentagon Capital Management, a hedge fund run by Lewis Chester, a Tory donor and friend of David Cameron, today became the latest to fall victim to the credit crunch. Chester decided to close the fund, which has […]
Hedge Funds; Why not Jamrock?
Jamaica Observer- A couple of quick key realities and a few key assumptions: (1) 80 per cent of the world’s hedge funds are registered in the Cayman Islands – Grand Cayman is a 40 minute plane ride from Jamaica: (2) […]
Hedge funds spot ‘unbelievable’ chance
FT.com- Hedge funds and institutional investors are starting to launch distressed mortgage funds to take advantage of an "unbelievable" buying opportunity, but they say they are running into resistance from risk-averse prime brokers. Steve Persky, a principal at Dalton Investments, […]
Grain dealers blame hedge funds for risking wheat industry
Trading Markets- "What is the true price of wheat?" asked Tippens, president and chief executive officer of Canadian State Bank. "I don’t think anybody knows." Certainly, it’s not $10.68, Tippens said. Or it wouldn’t be at that level without billions […]
Hedge funds could shift focus to equities
Moneycontrol.com- Even as FII flows have improved, there have been individual instances of some large midcap sell offs. Tracking individual stocks down, raising apprehensions that some of these hedge funds might still be facing some redemption pressures, Ankur Samtaney of Eurekahedge said that […]
Funds fire up banks
Melbourne Herald Sun- Bank stocks have been subjected to intense short-selling by hedge funds this year, which has contributed to sharp falls in their share prices. To allow their short-selling, hedge funds have been borrowing shares from institutional investors. Yesterday […]
UK Hedge Funds Unaware Of Valuation Best Practice
FINalternatives- There is a lack of consensus about enforcement of standards on the part of U.K.-based hedge funds, according to new research. The report by Kinetic Partners and the Bank of New York Mellon shows that despite the ongoing credit […]
Hedge funds seen keeping tight hold of borrowing
Reuters- Hedge fund advisers and fund managers said they believed the crisis was far from over, with the roughly $140 billion of write-downs at banks so far around the world only the beginning, keeping lending conditions tight and fears high […]