Author Archives: the HedgeCo News Team
Integrated changes tack with deal to sell hedge funds
Reuters – Integrated Asset Management said on Wednesday it is repositioning as a pure play brokerage business after agreeing to sell a 51 percent stake in its French fund of hedge funds business. The firm, listed on London’s AIM market, […]
Billion pound council pension fund in hedge bet
Reuters – Berkshire County Council’s 1.05 billion pound pension fund has made a decisive move into hedge funds as part of a new 17.5 percent allocation of assets to alternative investments. The scheme has decided to allocate 7.5 percent to […]
City hits out at EU hedge fund proposal
Times Online – The role of the City of London as one of the world’s preeminent financial centres came under attack for the second time in two weeks yesterday, this time from proposed EU rules for private equity and hedge […]
Chrysler debt offer raised, holdouts targeted
Reuters – The U.S. Treasury raised its offer by $250 million (168.9 million pounds) in debt restructuring talks with Chrysler lenders on Wednesday as part of a final push to win over lenders holding out for better terms and avoid […]
Treasury gets 100 New Fund Manager Applications
West Palm Beach (HedgeCo.net) – The Treasury Department said that they have recieved 100 applications from potential fund managers interested in participating in the Legacy Securities portion of the Public Private Investment Program (PPIP). A variety of institutions applied, including […]
Former JPMorgan execs to launch Greater China fund
Reuters – Three former executives at JPMorgan Asset Management plan to launch a Greater China hedge fund via a start-up in Hong Kong, tapping rising investor demand for Asian equities amid the global financial crisis. "Greater China may be the […]
SEC needs hedge fund authority-Schapiro
Guardian Unlimited – The U.S. Securities and Exchange Commission needs authority to require hedge fund advisers to register with the agency plus the power to examine funds’ books, the agency’s chairman said on Tuesday. U.S. lawmakers are working to give […]
5 Top-Rated Stocks Hedge Funds Are Buying
Motley Fool – Hedge funds — private investment partnerships for wealthy individuals and institutions — are thought to be managed by well-informed, talented investors. Where are they placing their stock bets in this highly volatile market? And does the investing […]
Hedge clippers
Times Online – They must think it’s Christmas in Geneva. Alistair Darling delivered an early present last week by slapping a 50 per cent tax rate on top earners. Highly paid but footloose financiers are now betting when the rate […]
Srini Vudayagiri quits Lightspeed Venture Partners
Reuters India – Vudayagiri said he will be transitioning out of Lightspeed by end of this month. Sreenivasulu "Srini" Vudayagiri, an India based Venture Director with Lightspeed Venture Partners, is quitting the venture capital firm. When contacted, Vudayagiri said, "I […]