Author Archives: the HedgeCo News Team
Cuomo Sues Hedge Fund Chief for Bets Placed with Madoff
New York (HedgeCo.Net) – J. Ezra Merkin, head of Gabriel Capital Corp., has been sued by New York Attorney General Andrew Cuomo, after it was discovered he had placed investor’s money into funds managed by Bernard Madoff without their knowledge […]
Hedge fund-like investments, even if you are not a millionaire
New York Daily News – The hedge fund industry has a public relations problem these days and you have to be a millionaire to invest in one anyway, but there’s a new fund for more modest investors that can offer […]
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 […]
AIG’s asset management division gets bidders: report
Washington Post – About half a dozen investment managers have put forward bids, ranging between $400 million to $800 million, for troubled insurer American International Group’s asset management business, the Wall Street Journal reported, citing people familiar with the matter. […]
SocGen fund managers leave to create own fund
Reuters – A team of hedge funds managers at Societe Generale is leaving to set up their own hedge fund with capital from the French bank, La Tribune reported on Tuesday. The paper said the move was led by Arié […]
Investors turn the table on hedge fund terms
Reuters – Not only are Hedge funds losing clients and money, they are losing clout, too, as large investors turn the table on them and demand better terms. Stung by investment losses and vexed by so-called gates that limit redemptions, […]
Hedge Funds Available In Sweden For The First Time
West Palm Beach (HedgeCo.net) – The Swedish state pension platform, PPM, is including Salus Alpha funds in their premium pension portfolio with immediate effect. The Salus Alpha funds that were chosen are UCITS III compliant, and meet the strict requirements […]
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 […]
US to work with Switzerland on tax secrecy
AFP – The United States and Switzerland will begin negotiations to amend their bilateral income tax treaty to provide for improved transparency, the US Treasury Department said Monday. The announcement came following Group of 20 pledges last week to clean […]
Long and short funds merge to ride crisis
Financial Standard – The financial crisis could bridge the gap between diametrically opposed asset managers with more hedge funds merging with long-only funds to slash operational costs, predicts consultancy firm Accenture. Mark Halverson, global executive partner, wealth & asset management, […]
Andy Rooney on hedge funds
Orlando Sentinel – I see the phrase "hedge fund" in the newspaper every day now and I don’t really know what a "hedge fund" is. I don’t think I ever saw the phrase 10 years ago, so maybe the financial […]