Author Archives: the HedgeCo News Team
UBP Makes Offer to Madoff Victims
New York Times Blogs – Swiss private bank Union Bancaire Privée, one of the largest European hedge-fund investors, offered Thursday to buy back $700 million of its clients’ Bernard L. Madoff-related investments at half what they originally paid. The bank, […]
High-flying fundraisers who saw nothing wrong
Guardian Unlimited – Andres Piedrahita, a London-based fundraiser for Bernie Madoff’s fraudulent empire, is among high society figures facing increasing pressure to explain how they missed warning signs around the disgraced hedge fund manager. Piedrahita, who has homes in Belgravia, […]
SEC draws flak for decision to contact (hedge fund) clients directly
Wealth Bulletin – The Securities and Exchange Commission’s decision to expand its examination of advisory firms to include contact with clients has irked the advisers, according to an investmentnews report. The advisers fear that their clients might panic and get […]
Study Finds Few Hedge Funds Pocket Mythical ‘2 and 20’
The Wall Street Journal reports that the head of the Utah Retirement System is taking a stand on what he says are unfair hedge fund fees. As the Journal reports, Utah’s Larry Powell has extracted “better fees” from 10 of […]
For Laid-Off Singapore Expats, Home Is Where They’re Hiring
Time – On the northern fringe of Singapore, overlooking the slate-gray waters of the Johor Straits, the public-housing estate where Anthony Fulwood lives is so far from the city’s affluent expatriate enclaves that cab drivers are stunned when he announces […]
Hedge Fund, Private Equity Titans Crowd Billionaire List
FINalternatives – The richest hedge fund manager in the world, clocking in as the 29th richest person in the world, is George Soros, whose $11 billion fortune actually increased during the difficult 2008. Joining him among the top 100 are […]
Children’s Investment Fund tops FII seller this year
MSN India – The Children’s Investment Fund Management and its affiliates have emerged as the single-largest seller of Indian stocks among foreign institutional investors (FIIs). The hedge fund registered its biggest annual loss in 2008. The fund is liquidating its […]
Ex-Goldman, Putnam managers to start hedge fund
InvestmentNews – Three former investment managers in Boston are planning to launch a hedge fund in April, according to a report published by FINalternatives, a news service of Stone Street Media LLC. The firm, Vernon Square Capital LLC, is developing […]
Investors profiting from — and fixing — the financial crisis
Newsday – The latest development in the mortgage market fomenting outrage in the streets and condemnation across the media spectrum is the spectacle of rich investors — Wall Street traders, hedge fund operators, even former executives of the detested Countrywide […]
Hedge Fund Manager Joins Water Reclamation Company
West Palm Beach (HedgeCo.net) – Long time hedge fund manager, Eric D. Pedersen has been appointed to the position of Chief Executive Officer and Chairman of the Board of Directors at fresh water reclamation company, STW Resources, Inc. Pedersen has […]
Cornell’s Walsh Cuts Hedge Funds to Reduce Endowment’s Costs
Bloomberg – Cornell University is cutting its hedge-fund holdings by as much as 25 percent to save on fees after its endowment tumbled last year, Chief Investment Officer James Walsh said. “We are de-emphasizing the hedge funds and more emphasizing […]
NAPF publishes ‘hedge funds made simple’
Politics.co.uk – The new guide, will be launched today at the NAPF Investment Conference in Edinburgh, provides a clear, easy to understand explanation of the main features of hedge funds as an investment for UK pension funds. As the role […]