Yearly Archives: 2008
Giant hedge fund firm plans to spin off Raptor business
MarketWatch – James Pallotta, vice chairman and managing director of U.S. public equities at Tudor Investment Corp., is leaving the giant hedge fund firm and plans to launch the Raptor Global Funds unit he runs as a separate business, according […]
Medallion Fund Hits a Jackpot
New York Post – Jim Simons, a man known for running one of the world’s most secretive, expensive and successful hedge funds, is on track to wow investors with another year of double-digit returns. Simons’ $8 billion Medallion fund, the […]
NFL Owners Could Put up a Steel Curtain to Hedge Fund
New York (HedgeCo.Net) – Mention the Pittsburgh Steelers and there are certain things that may come to mind. Five Superbowl rings, their dominance in the 70’s, or maybe even greats like Lynn Swan and Terry Bradshaw. But what always comes […]
Rupert Allan Hires Fund Of Hedge Fund Specialist
West Palm Beach (HedgeCo.net) – Established leader in the management of fund of hedge funds, Tremont Capital Management, has appointed Scott R. Metchick as Chief Investment Officer. Metchick brings to Tremont over 20 years of experience in the fund of […]
Hedge Fund Business Lifts Profit for Blackstone
New York Times – The Blackstone Group may be best known as an immense private equity firm, but the firm’s earnings report on Wednesday made it clear that Blackstone has been buoyed by its hedge fund operations. Blackstone reported $165.6 […]
NY hedge fund group seeks new industry standards
Reuters – The New York Hedge Fund Roundtable is seeking to establish professional standards to self-police the lucrative industry, both to prevent future scandals and avert the imposition of new laws on the $2 trillion industry. "It’s a great industry. […]
HSBC denies new deadline for $6.3 billion KEB deal
Reuters – HSBC Holdings on Thursday denied a South Korean media report saying it had agreed with U.S. private equity firm Lone Star to set a new deadline for a $6.3 billion deal for control of Korea Exchange Bank. "We […]
AFS Launches Alternative Trading Feature
West Palm Beach (HedgeCo.net) – Archer Financial Services (AFS), has launched Balarie Capital Management ("BCM"), a division of AFS created with the specific purpose of helping Institutional and High Net Worth investors achieve diversification by providing them with products and […]
Global fluctuation may affect hedge fund demand positively
Turkish Daily News – Hedge funds, which have reached an estimated asset volume of $2 trillion globally by attracting investor’s interest with their rapidly changing asset allocation and high risk appetite, are about to be accessible to investors in Turkey. Oyak Securities, Garanti […]
Dai-ichi Mutual Aims to Lift Hedge Fund Investments
Bloomberg – Dai-ichi Mutual Life Insurance Co., with more than 30 trillion yen ($274 billion) in assets, will invest more money with hedge funds to safeguard returns as financial markets falter. Tokyo-based Dai-ichi Mutual, Japan’s second-largest life insurer, currently invests […]
Tudor’s Jones, Pallotta may end partnership
Reuters – Hedge-fund pioneer Paul Tudor Jones and veteran stock picker James Pallotta are mulling changes to their 15-year partnership, including a possible parting of ways that could affect their $18 billion fund empire, the Wall Street Journal reported Thursday. […]