Author Archives: the HedgeCo News Team
Register advisers, not funds-US hedge fund group
Reuters – U.S. hedge funds concerned about growing Congressional momentum to regulate their opaque $1.2 trillion industry said Tuesday they could live with requiring fund advisers to register, but not with requiring the funds themselves to be subjected to such […]
BHP browsing, new bid for Rio doubtful
Alibaba News Channel – Fresh speculation has swirled about mining giant BHP Billiton resurrecting a takeover bid for rival Rio Tinto, but such a move is unlikely before Rio repairs its balance sheet. BHP, which has the most robust balance […]
The Economist to Launch London Theme Park
Hedge Fund Weblog – As part of a strategy designed to broaden the revenue base, leverage content over new platforms and promote The Economist brand to a young and dynamic audience, The Economist Group is delighted to announce the development […]
Hedge fund Och-Ziff swoops on Premier Foods
Daily Telegraph – Market practitioners said Och-Ziff has bought around 4.3pc of Premier Foods and could imminently disclose its shareholding. Och-Ziff’s stakebuilding comes after Dupont Capital Management on Tuesday disclosed it had bought 2.3pc of Premier Foods. And after the […]
Hedge fund industry accepts Obama oversight plan, but seeks more details, assured privacy
Hartford Courant – Hedge funds generally accept the Obama administration’s proposal to require managers to register with regulators, but want to ensure their information will be kept confidential when Congress acts, the head of the industry’s trade group said Tuesday. […]
GCI Plans New Hedge Fund to Snap Up Hybrid-Security Bargains
Bloomberg – GCI Asset Management Inc., a Japanese hedge fund with 26 billion yen ($265 million) in assets, said it will start a new fund to snap up bargains in hybrid securities that combine debt and equity. The new fund, […]
Town sues Madoff, hedge funds over losses
The Associated Press – A Connecticut town is suing disgraced financier Bernard Madoff, his family and investment companies because its pension board allegedly lost millions in Madoff’s Ponzi scheme. The lawsuit seeking $75 million was filed Monday in Bridgeport Superior […]
Hermes Fund Managers appoints Bridgepoint to oversee its private equity funds
AltAssets – Multi-boutique asset manager Hermes Fund Managers will move away from direct private equity investments. As such, the firm has appointed Bridgepoint, the European private equity firm, to manage its direct investment vehicles, Hermes Private Equity Partners II and […]
Adviser calls for legal action against Matrix
CityWire.co.uk – Matrix’ marketing material continues to state the objective of the Bastion fund is to ‘generate consistent returns over the medium term with low correlation to major stock and fixed income market indices with a low degree of risk.’ […]
Hedge fund hotshot Robert Mercer files lawsuit over $2M model
New York Daily News – A hedge fund hotshot’s lawsuit over a toy railroad setup sounds more like the great train robbery than Thomas the Tank Engine. Robert Mercer is accusing the builder of overcharging him by nearly $2 million […]
Julius Baer appoints Collardi private bank CEO
Alibaba News Channel – Swiss banking group Julius Baer appointed Boris Collardi as new chief executive of its private banking unit, a permanent replacement for Alex Widmer, who committed suicide in December. Collardi, born in 1974 and currently chief operating […]
Dynamic Hedge Fund May Be Placed Under Liquidator’s Protection
Bloomberg – A Cayman Islands court may decide tomorrow to put Dynamic Decisions Capital Management Ltd.’s main hedge fund under the protection of an outside firm after investors accused the manager of “gross mismanagement and misfeasance,” according to people familiar […]