Author Archives: the HedgeCo News Team
Investors worried about property fund debts
Guardian.co.uk – Investors are highly concerned about potential debt problems in unlisted European real estate funds, causing them to drastically cut back equity commitments to the sector, an industry body said on Thursday. In a survey of investors, 88 percent […]
Police investigating death of Freddie Mac official
AP – The Chief financial officer of Freddie Mac, one of the mortgage giants at the heart of the nation’s financial meltdown, was found dead in his basement early Wednesday morning in what police said was an apparent suicide. David […]
Hedge fund managers to meet here
Caymen Net News – Hedge fund managers from across the world are expected to convene in the Cayman Islands for GAIM Ops, a forum that will be held 26-29 April at the Ritz Carlton Resort. GAIM Ops Cayman is the […]
Merlin Launches New Hedge Fund Sales Group
West Palm Beach (HedgeCo.net) – Hedge fund tech. and brokerage provider, Merlin Securities, formed a new equity sales coverage and content division, the Merlin Institutional Group. Headed by Jesse Cole and Bryan Miller in New York, the group will focus […]
Hedge Fund Manager Names Former Citi Exec Andrew Smith Head of Global Sales
West Palm Beach (HedgeCo.net) – Coinciding with the launch of new services aimed at increasing hedge fund transparency, independent alternative fund manager Butterfield Fulcrum appointed T. Andrew Smith as the firm’s global head of business development and marketing. He will […]
Octagon, Run by Ex-GIC Staff, to Start Hedge Fund
Bloomberg – Octagon Capital Management Pte, run by former managers of the Government of Singapore Investment Corp.’s quantitative-investment group, plans to start a fund that seeks to profit from broad economic trends. Octagon, which uses computer models to pick trades, […]
SEC Charges Hennessee On Bayou Hedge Fund Miss
Post Chronicle – U.S. securities regulators charged a prominent hedge fund industry executive on Wednesday with failing to properly review collapsed hedge fund Bayou Group before recommending that their clients invest. Hennessee Group and its principal Charles Gradante, who runs […]
Feds Charge Dreier Conspirator In Hedge Fund Fraud
North Country Gazette – A former registered broker with the National Association of Securities Dealers has been charged in a criminal information with conspiracy, securities fraud and wire fraud stemming from his participation with attorney Marc Dreier in the sale […]
GLOBAL MARKETS-Investors lift stocks, look past banking worry
Alibaba News Channel – Investors generally put aside recent worries about the world economy and banking industry woes on Thursday, sending global stocks higher and reversing safety flows into the Japanese yen. Mixed earnings plagued European markets, however, with Credit […]
US bailouts won’t work, says Nobel winner
Moneycontrol.com – Joseph Stiglitz, a professor at the Columbia University and the 2001 Nobel Prize winner, said the US government’s bailout packages designed for financial institutions may not work. “It is a peculiarly-structured programme,” Stiglitz said, “The government puts in […]
Bayou Hedge Fund Exec Sentenced
North Country Gazette – The brother of the former chief financial officer of the bankrupt hedge fund firm Bayou Group LLC has been sentenced to 21 months in federal prison of his role in concealing a $400 million fraud. […]