Yearly Archives: 2008
Hedge fund in battle over US rail company
Guardian- A London-based activist hedge fund today faced withering criticism from the US Congress, heralding an uphill battle as the fund attempts to force management changes at the US rail company CSX. The Children’s Investment (TCI), run by Christopher Hohn, […]
Bulldog seeks freedom of speech for hedge fund websites
Hedge Funds Review Magazine- Bulldog Investors, a group of hedge funds, has challenged the US Securities and Exchange Commission (SEC) in court over its prohibition of “open” websites for hedge funds. Philip Goldstein, who runs the Bulldog fund, says the […]
UBS May Have Dumped $24 Billion Alt-A Portfolio, Analyst Says
CNNMoney.com- UBS may have sold a portfolio of Alt-A securities worth 25 billion Swiss francs ($24.1 billion), according to an analyst at J.P. Morgan. UBS was "highly likely" to have sold the securities in a fire sale, according to J.P. […]
Investcorp Wins Awards For Best Hedge Fund Manager
West Palm Beach (HedgeCo.Net)- Investcorp was declared the Best Institutional Hedge Fund Manager at the second Hedge Funds World Awards, also winning the Special Merit Award. The awards, sponsored by Man Investments, are designed to recognise and celebrate companies and […]
Client of Hedge Fund Company To Lead Sales Efforts
West Palm Beach (HedgeCo.Net)- A client of Cutler Capital Management liked the investment style of the hedge fund company so much, that he came out of retirement to join the investment advisory firm as Director of Business Development. Allan M. Kline recently […]
Gore Invests $35 Million for Hedge Funds With EBay Billionaire
Bloomberg- Former U.S. Vice President Al Gore left the White House seven years ago with less than $2 million in assets, including a Virginia home and the family farm in Tennessee. Now he’s making enough to put $35 million in […]
Hedge Fund Firm Readies Environmental Fund Of Funds
FINalternatives- Hong Kong-based alternative asset management firm PCM Capital Management is gearing up to launch a green-focused fund of hedge funds on April 1. The new vehicle, the PCM Green Power Fund, will have an Asian focus and invest in […]
Och Ziff hedge funds gain ground in February
Reuters- Hedge fund firm Och Ziff Capital Management Group scored modest gains in its four funds last month at a time when many other hedge funds ran into trouble and posted losses. The OZ Asia Master Fund Ltd returned 1.82 […]
Hedge Funds Frozen Shut
BusinessWeek- There’s a chill spreading across the hedge fund industry. With more portfolios falling victim to the credit crunch, managers by the dozen are freezing investor redemptions, preventing a mad rush to the exits that would force funds to sell […]
Top U.S. Hedge Funds
CNBC- Top hedge fund assets surpassed the $1.6 trillion mark at the beginning of 2008, according to a recent survey. And venerable firm JPMorgan remained at the top of the growing heap. Assets of the biggest U.S. hedge funds in […]
Lipper’s First Hedge Fund Awards
West Palm Beach (HedgeCo.Net)- Lipper’s first Hedge Fund Award winners were announced yesterday, over 3,600 funds were eligible for the eighteen awards across the European and Offshore fund domiciles. A total of fifteen portfolio managers were rewarded, with Thalia SA, […]
Millennium Buys Ex-JPMorgan Hedge Fund
West Palm Beach (HedgeCo.Net)- Hedge fund manager Millennium Capital Management announced the acquisition of Castlegrove Capital, a London based multi-strategy hedge fund active in global equity markets. Castlegrove was set up by three ex-managing directors of JPMorgan’s Global Equity derivatives […]