Author Archives: the HedgeCo News Team
Children’s Investment Fund Sells Mastercard, Buys Rival Visa
Bloomberg – Children’s Investment Fund Management UK LLP, the London-based hedge fund founded by Christopher Cooper-Hohn, sold off its shares in Mastercard Inc. and added shares of rival credit-card network Visa Inc. in the fourth quarter. Children’s sold its 5.95 […]
Hedge Fund Trembulant Ups Stake in Fast Food
West Palm Beach (HedgeCo.net) – Hedge fund Tremblant Capital reported that it now owns 1.1 million shares of Chipotle Mexican Grill, bringing its total shares in the Denver-based fast food restaurant to 5.7%. "Chipotle shares have fallen recently, and the hedge […]
UBS to Pay $200 Million to Settle SEC Charges
New York (HedgeCo.Net) – UBS AG will pay $200 million to settle the SEC charges that the Swiss Bank acted as an unregistered broker-dealer and investment adviser. According to the original compliant, UBS helped certain U.S. individuals to set up […]
SEC Nails Ponzi Scheme Aimed at Deaf Community
New York (HedgeCo.Net) – The SEC has located and halted a Ponzi scheme targeted primarily at deaf individuals in the United States and Japan. According to the complaint, Hawaii-based Billion Coupons, Inc. along with its CEOMarvin R. Cooper was able […]
Asian Macro Hedge Fund Launch
West Palm Beach (HedgeCo.net) -A new Asia Macro hedge fund has been launched by Dexion Capital and Morgan Stanley veterans Andrew Gale and Lee Ka Sha. With a minimum investment is $100,000, the fund will invest in Asian interest rates […]
Why hedge funds might shine in 2009
Morningstar.ca – Hedge fund managers, once the swashbuckling frontiersmen of international finance and subject of fawning cocktail party banter, have quickly gone from hero to goat. As the global credit bubble burst with a vengeance in 2008, so too did […]
Certain hedge funds ‘benefitting from Madoff’
DST International – One group of hedge funds has had its performance boosted in comparison to its peers as a result of the Bernard Madoff scandal, according to a number of industry insiders. Due to the failures of three large […]
Gold hits new historic high in Thailand
Enews 2.0 – Gold prices have been rising throughout February, in tandem with the world market, which stood at about 975 dollars per ounce on Thursday. "I have never seen the gold market like this, with steady rises every day," […]
Art Show Opens in NY With Less Hedge-Fund Money for Picasso
Bloomberg – At the Art Show last year, dealer Richard L. Feigen offered an $8.5 million Pablo Picasso still life. This year, he’s highlighting less expensive art, including a $90,000 purple teapot painting by Georges Braque. “The guys with the […]
Stanford whereabouts unknown after charges: SEC
Reuters – Federal regulators said on Wednesday they do not know the whereabouts of billionaire Texas banker Allen Stanford, charged with a "massive" $8 billion international financial fraud. "We are unaware of his whereabouts," Securities and Exchange Commission spokeswoman Kimberly […]
CI will co-operate in Fairfax suit
Globe and Mail – A long-running legal dispute between Fairfax Financial Holdings Ltd. and a group of hedge funds has produced a sideshow involving the chief executive officer of one of Canada’s biggest mutual fund companies. Fairfax, a Toronto-based insurance […]
Madoff distortion makes some hedge funds look good
Reuters – One of the bizarre effects of Bernard Madoff’s alleged $50 billion fraud is that it has boosted the performance of one group of hedge funds when measured against their peers, industry insiders said. At least one major index, […]