Author Archives: the HedgeCo News Team
Fund pushing split proposes Chemed directors
Cincinnati.com – A New York City hedge fund pushing Chemed Corp. to split up its plumbing and hospice care businesses has filed its own slate of five directors for the downtown-based company’s May 18 shareholder’s meeting. In filing its five […]
Weavering Capital collapses over mystery trade
Times Online – Weavering Capital, one of London’s oldest hedge funds, was today in the hands of liquidators just a week after it discovered that its flagship fund’s main investment was a derivatives trade with an offshore company controlled by […]
Hedge Funds Buy Stocks for First Time Since October
Bloomberg – U.S. hedge funds are buying more of the nation’s stocks than they’re selling for the first time since October, while mutual funds and most other investors remain net sellers, according to UBS AG. In the four weeks ended […]
Grant Thornton LLP Launches New Hedge Fund Registration and Compliance Services
EatrhTimes – In response to investor demand for greater transparency as well as pending new legislation, Grant Thornton LLP’s Financial Services practice is launching Hedge Fund Internal Control, Governance and Regulatory Compliance Services. These services will help funds attract new […]
Inside the world’s biggest hedge funds
Fortune Magazine – Is the current downturn merely a severe slump, or are we facing a second coming of the Great Depression? That’s the question everyone is asking these days. But Ray Dalio, founder of Bridgewater Associates and manager of what […]
Hedge Fund Manager Investcorp buys into L’azurde
West Palm Beach (HedgeCo.net) – Hedge fund and alternative investor, Investcorp, along with its consortium partners Eastgate Capital Group and The National Investor, announced the acquisition of a 70% stake in Saudi gold and jewelry makers, L’azurde. L’azurde had 2008 […]
US hedge fund manager arrested in Hong Kong
International Herald Tribune – A Silicon Valley hedge fund manager has been arrested in Hong Kong on charges that he bilked investors out of at least $5 million. According to a criminal complaint unsealed Wednesday in San Jose federal court, Albert […]
FACTBOX-G20 proposals on hedge funds, pay, ratings agencies
Forbes – EU leaders meeting in Brussels on Thursday and Friday will discuss action on the financial crisis, with concern expressed that some eastern European countries may need more help. Earlier this month G20 finance ministers laid out a broad […]
The Mad Hedge Fund Trader
Seekingalpha.com – The Mad Hedge Fund Trader graduated from the University of California at Los Angeles (UCLA) with a degree in Biochemistry and a minor in Mathematics in 1974. He moved to Tokyo, Japan to join Dai Nana Securities as a […]
Cayman Islands Extends Tax Cooperation Assistance to Seven New Countries
George Town, Grand Cayman – The Cayman Islands Government today announced the extension of comprehensive tax information assistance to seven new countries, under provisions in the Tax Information Authority Law introduced in 2008, which do not require a bilateral […]
Bennelong SGI to Start Hedge Fund to Invest in Global Equities
Bloomberg – Bennelong Funds Management, an Australian fund manager with A$400 million ($271 million), will start a second hedge fund to ride through the financial crisis as it seeks to more than double funds under management. Melbourne-based Bennelong wants to […]
UK financial services regulator proposes shakeup
LONDON (AP) – Britain’s financial services watchdog proposed sweeping changes to global banking regulations on Wednesday, including a crackdown on the "shadow banking" activities of institutions like hedge funds. The government-commissioned banking services report recommends new rules on a wide […]