Author Archives: the HedgeCo News Team
Hermes fund of hedge funds arm appoints chairman
Reuters – Fund of hedge funds boutique Hermes BPK Partners said on Monday it has appointed Glyn Jones, former chief executive officer of Thames River Capital and Gartmore, as its new chairman. Hermes BPK Partners is a partnership between its […]
Why Hedge Fund Managers Shouldn’t Lever Up
Howard Marks of Oaktree Capital, whatever his merits as a hedge-fund manager, is a spectacularly good memo-writer. And his latest makes a particularly germane point: Once you decide to lever a fund, “risk management” becomes more important than “portfolio management.” […]
US hedge fund Harbinger swings to gains
Reuters – Hedge fund firm Harbinger Capital Partners LLC swung into the black with investors saying the flagship fund gained between 6 and 8 percent in the first quarter. That is good news for the New York-based firm, run by […]
Strong Performance In First Six Months For ACP Fund
West Palm Beach (HedgeCo.net) – London hedge fund manager ACP Partners, which is soon to merge with TriAlpha Investment Advisors, said that their long/short eguity strategy fund, ACP Financial Opportunities, has beaten its benchmark by over 65% in its first […]
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 […]
Macquarie, State Bank of India Plan $2 Billion Fund
BusinessWeek – Macquarie Capital Group and State Bank of India (SBI) plan to raise a new $2 billion fund that will invest in direct infrastructure investment opportunities in India. Macquarie and SBI have signed a memorandum of understanding to set […]
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, […]
Bair pitches hedge funds and pensions on US bank plan
Reuters – Sheila Bair, chairman of the Federal Deposit Insurance Corp, is in New York on Friday to meet with hedge funds, private equity funds and pension groups to promote the government’s plan to cleanse banks’ balance sheets of toxic […]
Stark Opens NY Hedge Fund Hotel
West Palm Beach (HedgeCo.net) – "The bright side of an economic downturn is that business people are branching out on their own," said Adam Stark, president of Stark Business Solutions. "We have made it seamless for enterprising individuals to establish […]
Summers Pocketed $5 Million from Hedge Fund D.E. Shaw & Co.
New York (HedgeCo.Net) – Lawrence Summers, who is currently serving as Director of President Obama’s National Economic Council, made millions from his days working as a managing director for hedge fund D.E. Shaw & Co. The New York-based hedge fund, […]
Uncle Sam?s hedge fund is risk for economic recovery
Fort Worth Business Press – The rescue of the American financial system proposed by Treasury Secretary Timothy Geithner is, in all but name, a gigantic hedge fund. The government would lend vast sums to private investors to enable them to […]