Author Archives: the HedgeCo News Team
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 […]
UK’s Lloyd’s plans bond buyback at big discount
Guardian.co.uk – Lloyd’s of London, the specialist insurance market, has offered to buy back up to 100 million pounds ($145 million) worth of bonds at a hefty discount. The offer applies to fixed/floating rate subordinated notes due 2024 and subordinated […]
Chrysler lenders offer to swap $2.5B for equity
Daily Times – Banks and hedge funds that hold $6.9 billion in Chrysler LLC debt have proposed forgiving $2.5 billion of it in exchange for about a 40 percent stake a Chrysler-Fiat alliance, according to two people briefed on the […]
GM in line for another $5B
Cape Cod Times – General Motors Corp. could get as much as $5 billion more in federal loans, while Chrysler LLC could get $500 million as they race against government-imposed deadlines to restructure, according to a government report filed yesterday.The […]
Morgan Stanley AIP Raises $1.14 Billion for New Fund
American Chronicle – Morgan Stanley Alternative Investment Partners has raised $1.14 billion in commitments for its new private equity fund of funds, Morgan Stanley Private Markets Fund IV. The capital raised for the new fund represents a nearly 15% increase […]
Investors continue to withdraw from hedge funds in Q1
English Eastday – Investors continued to withdraw capital from hedge funds in the first quarter of 2009, redeeming nearly 103 billion U.S. dollars, according to data released on Tuesday. The redemption figure, about 7.3 percent of overall hedge fund assets, […]
First Quarter Hedge Fund Report: Summary
West Palm Beach (HedgeCo.net) – Hedge funds took modest advantage of March’s upswings in the global equity and credit markets, according to Morningstar’s hedge fund performance summary for the first quarter of 2009. Equity markets around the world significantly rebounded […]
Socialists warn Barroso over hedge fund regulation
EurActiv.com – A draft EU proposal to regulate hedge funds and private equity, due to be unveiled next week, was criticised for being too weak by Socialist leaders, who branded the text a "major political mistake" ahead of European elections in June. The main issue raised by the […]
Return of the Nineties fund superstar
This is Money – A star fund manager who made thousands of pounds for investors in the Nineties is set for a comeback. William Littlewood was at the helm of the Jupiter Income fund which increased investors’ savings by 600%. This week, […]
Hedge fund, Target take off gloves in proxy fight
Reuters – The battle for board seats at Target Corp heated up on Tuesday when Pershing Square Capital Management called the current directors "suboptimal" after the retailer said the hedge fund has a "risky agenda. The New York-based hedge fund, […]
Hedge fund ups stake in main Eircom shareholder
Independent – A New York-based hedge fund, run by former Goldman Sachs executives and family members of the Ziff Davis publishing dynasty, has become the biggest shareholder in Babcock & Brown Capital (BCM), Eircom’s main shareholder. Och-Ziff Capital Management now […]