Author Archives: the HedgeCo News Team
Stanford link to ‘second family fund’
In the News – A fund of hedge funds run by two members of US vice president Joe Biden’s family was marketed by firms connected to Sir Allen Stanford, it has been claimed. The Texan billionaire is facing charges over […]
Eiger Asset Management to launch four coffee-related funds
Hedge Week.com – Eiger Asset Management is planning to launch four coffee-related funds, comprising two index tracker funds, a hedge fund and a vehicle investing in the physical commodity. Eiger is being assisted by London-based alternative investment consultancy firm Laven […]
EU Leaders Discuss Stance on Hedge Fund Regulation
New York (HedgeCo.Net) – Hedge fund regulation was the hot topic at this past weekend’s meeting of European Union leaders, when German Chancellor Angela Merkel hosted a summit in Berlin discussing ways to curtail the financial crisis. Merkel joined leaders […]
Hedge Fund Group Proposes Rules to Avert Intervention
Bloomberg – A group of hedge funds offered to increase disclosure to head off demands from politicians on at least two continents for more transparency. “We know which way the wind is blowing,” said Andrew Baker, chief executive of London-based […]
Steamboat Road readies for RBS departure
Stamford Advocate – The owner of the office building at 600 Steamboat Road in Greenwich said he was eager to start recouping his company’s $200 million investment in the waterfront structure with high-paying tenants. His sole tenant, RBS Greenwich Capital […]
Hedge body backs formal disclosure to regulators
MSN UK News – A hedge fund body has thrown its weight behind regular disclosure of large holdings and risks to regulators, as calls grow for greater scrutiny of the industry. The Alternative Investment Management Association (AIMA), said on Tuesday […]
Connecticut is Latest to Push for Increased Hedge Fund Legislation
New York (HedgeCo.Net) – Connecticut has long been a haven for the hedge fund industry; where light regulation and a dense population of ultra wealthy investors lure the most talented of hedge fund managers. But if some state lawmakers have […]
Ashmore sees tough 2009 for fund raising, outflows
Interactive Investor – British fund firm Ashmore Group said it expected the fund-raising environment to remain tough in 2009 as clients continue to cash in investments, after it reported first half profits in line with forecasts. The group, which specialises […]
Hedge fund sheds Sonesta shares
Bizjournals.com – After watching Sonesta International Hotels Corp. lose roughly 70 percent of its stock market value over the past 18 months, a Connecticut hedge fund has shed roughly a third of its holdings in the Massachusetts-based hotel operator. In […]