Author Archives: the HedgeCo News Team
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 […]
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 […]
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 […]
Craigslist: Fall Guy For Your Hedge Fund
The Consumerist – Humor – If you need a scapegoat for your financial ponzi scheme, there’s a guy on Craigslist who’s looking for a job: Is your hedge fund in dire financial straits? Are you totally screwed and now realizing […]
Placer County supervisors hedge bets on stimulus solving sewer woes
Auburn Journal – Placer County is pumping money into a North Auburn sewer treatment plant upgrade while seeking federal funding for a pricey regional wastewater pipeline from North Auburn to Lincoln. No decision has been made to commit to either […]
Virgin America CEO sees good times ahead
San Francisco Chronicle – Virgin America could not have picked a worse time to launch an airline, on the eve of gravity-defying fuel prices and a cruel recession. The financial numbers are still red after a year and a half […]
Funds Of Funds Hit Hard by Economic Downturn
CNBC – Hedge funds of funds, the middlemen that pension funds and endowments often use to create alternative portfolios, lost roughly one-third of their assets last year, according to new data released Tuesday. The industry’s largest funds of funds, managing […]
February Sees Lower Hedge Fund Redemptions
West Palm Beach (HedgeCo.net) – There were fewer redemptions in February 2009,($11 billion) compared to January,($30 billion), according to preliminary reports from Eurekahedge, pointing towards the easing of redemption pressures for hedge funds in the future. The Hedge Fund Index was down […]
Hedge fund takes HSBC short position
Reuters – U.S. hedge fund Harbinger Capital is the first company to declare a short position in HSBC following the bank’s record rights issue, after making millions from a similar tactic with UK bank HBOS last year. Harbinger said in […]
Hedge fund monitor says short selling ban is ‘rubbish’
News.com.au – An independent monitor of local hedge funds has rubbished claims domestic financial stocks would be targerted if the ban on short selling was lifted. Australian Fund Monitors’ chief executive Chris Gosselin hosed down concerns expressed by the Australian […]
Madoff faces 150-year sentence after guilty plea
Hindustan Times – Bernard Madoff, whose $50-billion fraud devastated individual and institutional investors worldwide, could spend the rest of his life in prison after pleading guilty later this week. In a court hearing Tuesday, defence lawyer Ira Sorkin said that Madoff would […]
Connecticut To Raise Accredited Hedge Fund Investor Standard
West Palm Beach (HedgeCo.net) – The Banks Committee of the Connecticut General Assembly voted yesterday to pass a bill that will raise the minimum financial qualifications for hedge fund investors to $2.5 million, and for institutional investors, $5 million. If […]