Author Archives: the HedgeCo News Team
Germany calls for tougher EU hedge fund plan
Reuters – European Union proposals for the regulation of hedge funds should go further in forcing them to use more of their own capital and reflect risks on their books, German Finance Minister Peer Steinbrueck told a newspaper. "The EU […]
Obama to get taxpayers to help hedge funds
American Thinker – The credit system has broken down. Banks have cooled on lending (maybe because they are not sure if the Obama administration will force a cram down in the future that would result in their loans being worth […]
Giving Up the Hedge-Fund Rat Race At Age 28
Wall Street Journal Blogs – Wasim Rehman, the 28-year-old head of risk controls at the hedge fund manager Marshall Wace, has resigned from the partnership and plans to retire from the investment industry. In a statement to the market this […]
Goldman Sachs’ Lloyd Blankfein: Wall Street needs new compensation, hedge fund standards
Chicago Tribune – The chief executive of Goldman Sachs Group Inc. called for new standards on how Wall Street executives are compensated and new regulation of large hedge funds and private-equity funds. Lloyd Blankfein said lessons from the financial crisis […]
GMO’s Global Macro Hedge Fund Sees Further Declines in Stocks
Bloomberg – Global Tactical Trust, a hedge fund run out of Australia by Boston-based Grantham Mayo Van Otterloo & Co., is betting the recent rally in stocks will end, and is avoiding high-risk investments. The hedge fund that invests based […]
Hedge Funds Increase 1.37% In March
West Palm Beach (HedgeCo.net) – March was a challenging month for hedge funds, which entered the month with tight net exposures, according to research by hedge fund consultant Hennessee LLC. Technology and healthcare/biotech were bright spots for hedge funds, as […]
Bank of NY Unit Expands Hedge Fund Consulting Services
West Palm Beach (HedgeCo.net) – Pershing LLC has expanded their business consulting services by including a hedge fund start-up simulator tool and a new guidebook to assist hedge fund managers with the launch of new funds. Pershing is a subsidiary […]
‘Maverick’ Billionaire Tearfully Denies Any Wrongdoing to Cameras
New York (HedgeCo.Net) – R. Allen Stanford’s fate may be up in the air with a looming trial and the accusations of a major Ponzi scheme, but that didn’t stop him from opening up to ABC News cameras outside of […]
ECB’s Stark raps move to boost IMF drawing rights
Reuters – European Central Bank Executive Board member Juergen Stark was quoted on Tuesday as criticizing decisions made at the G20 summit to boost the IMF’s Special Drawing Rights (SDRs). Stark suggested in a newspaper article that the decision was […]
Hedge Funds Find Arb Opportunity in SPACs
Street.Com – In a fact sheet about the fund, which engages in several arbitrage strategies, AQR outlined plans to take advantage of a lack of liquidity in the "thinly traded" SPAC market. A spokesman for AQR says the firm is […]
Greek Isles enters bankruptcy; owner says fault lies with fund
ReviewJournal.com – The majority owner of the Greek Isles blamed "greedy hedge-fund guys" interested in wiping out the current owners’ equity stake for pushing the property into Chapter 11 bankruptcy Monday. Harold Rothstein said the Greek Isles’ creditors have already […]