Author Archives: the HedgeCo News Team
Lewis: Most alleged Ponzis won’t get carded
Denver Post – Topps Co. will feature Charlie Ponzi and Bernie Madoff in a series of trading cards due out on June, covering the "world’s biggest hoaxes, hoodwinks and bamboozles." Unfortunately, scores of lesser Ponzi schemers will never stack in […]
Legg Mason Launches Tactical Allocation Fund
West Palm Beach (HedgeCo.net) – Investment management company Legg Mason Inc. has launched a global multi-asset tactical allocation mutual fund named Legg Mason Permal Tactical Allocation Fund. The fund, which targets institutional and retail taxable and tax-exempt investors, will be […]
Lehman yields bonanza for the professionals
Times Online – Accountants and lawyers who are trying to sort out the European collapse of Lehman Brothers, the American investment bank, have charged more than £100million in fees in six months. The bonanza shows no sign of abating. PricewaterhouseCoopers […]
Credit Suisse Launches Hedge Fund Replication System
West Palm Beach (HedgeCo.net) – Credit Suisse announced the launch of a new Global Macro Replication Index which aims to capture the risk/return characteristics of the Credit Suisse/Tremont Global Macro Hedge Fund Index. The new index enables investors to gain […]
Offshore Emerging Market Firm Hires Hedge Fund Manager
West Palm Beach (HedgeCo.net) – FSA regulated specialist asset management firm, Silk Invest Ltd, has hired John Bates, former Head of Credit Research Africa at investment bank Renaissance Capital, to spearhead its move into Frontier Fixed Income, an emergent hedge […]
Leaders of New York City church with Kenhorst branch charged in hedge hedge-fund scam
Reading Eagle – Five leaders of a New York City church with a branch in Kenhorst have been accused of defrauding worshippers and other investors of more than $10 million in a hedge fund scam. Federal authorities claim the men, […]
DragonBack Reopens Fund to Investors as Redemptions Cut Assets
Bloomberg – DragonBack Capital Ltd., a Hong Kong-based manager co-founded by a former Lehman Brothers Holdings Inc. executive, reopened its flagship hedge fund to investors after redemptions cut assets in the fund. Assets in the Asia-Pacific Equity Multistrategy Fund fell […]
Private equity firm takes 40% stake in Panmure
ShareCast – Private equity group BlueGem is to take a 40% stake in stockbroker Panmure Gordon in a move that will inject £17.3m of capital into the broker.Panmure Gordon has placed 72m new shares with BlueGem at 24p per share. […]
Hedge fund firm Cheyne Capital to buy Altedge
Reuters – Hedge fund firm Cheyne Capital Management is to buy fund of hedge funds manager Altedge Capital, the firms said on Tuesday, as the once-booming industry consolidates in the face of client outflows. Under the deal, Altedge Chief Executive […]
State of Oregon Sues OppenheimerFunds
New York Times Blogs – Officials in Oregon are seeking $36.2 million in damages from OppenheimerFunds, which managed an account responsible for steep losses in the state’s college savings plan. Officials said in a statement on Monday that risky “hedge-fund […]