Author Archives: the HedgeCo News Team
Weavering to Liquidate Largest Fund Amid Swap Probe
Bloomberg – Signet Capital Management Ltd., a hedge fund investor that overseas about $2 billion, wrote down to zero an investment in Weavering Capital, the London-based hedge fund that filed for administration last week. PricewaterhouseCoopers LLP is liquidating the $506 […]
Jobless bankers may lift Asian hedge fund numbers
Reuters – The number of Asian hedge funds could increase by 10 percent this year as more unemployed bankers and traders launch new funds and the cost of doing business slumps, an industry expert said on Monday. "It’s much better […]
Hedge-Fund Investors Hire Private Eyes to Avoid New Madoffs
Bloomberg – Randy Shain said he wasn’t stunned when hedge-fund managers Paul Greenwood and Stephen Walsh were arrested last month for allegedly misappropriating $554 million in client funds. A probe three years ago by his First Advantage Investigative Services LLC […]
Connecticut’s “Rodeo Drive” Abandoned as Hedge Funds Collapse
Bloomberg – Finding a parking spot for your Mercedes or BMW on Greenwich Avenue, the main shopping strip of the U.S. hedge-fund capital, used to be a challenge. Not anymore. With the recession hammering retail sales, empty curbside spaces abound […]
Obama Seeks Investors in Plan to Buy Illiquid Assets
Bloomberg – The Obama administration will announce details of a plan today to expand the $700 billion rescue of the financial system that will rely on enticing private investors to buy the troubled assets clogging banks’ balance sheets. Treasury Secretary […]
What If Washington Bailed Out of Bailouts?
Business week – The idea certainly seemed all right to throngs of Americans who were outraged by news that American International Group (AIG) paid out millions of dollars in executive bonuses after it was rescued with taxpayer cash. But would […]
Coller to launch new private equity fund
Reuters UK – London-based Coller Capital, which specialises in buying private equity from investors making early exits, said on Monday it expects to launch a new fund this year to tap growing interest in the "secondary" market for private equity. […]
John Rutledge
Forbes – John Rutledge is the chairman of Rutledge Capital, a private equity investment firm that has invested more than $150 million in middle-market manufacturing, distribution and service companies. He is also member of the Advisory Boards of B.V. Group, […]
Obama’s toxic assets plan greeted with skepticism
Associated Press – The Obama administration’s latest plan to help banks get credit flowing again is drawing a tepid reaction from investors and academics, who say the proposal comes with too many strings attached and is unlikely to stimulate lending […]
New Horizon may start second fund
Reuters UK – New Horizon Capital, a Japanese private equity firm, said it may start raising its second fund this year as it sees opportunities to make money from investing in struggling companies. New Horizon has five potential transactions in […]
Record Hedge Fund Closures in 2008 From Madoff, Other Losses
New York (HedgeCo.Net) – Over $84 billion worth of U.S. hedge funds shut down last year, compared to just $18.7 billion in 2007, according to the latest data published by Absolute Return Magazine, a unit of HedgeFund Intelligence. More than […]