Author Archives: the HedgeCo News Team
Mexican Hedge Fund Takes Over Canadian Mining Company
West Palm Beach (HedgeCo.net) – Canadian mining, development and exploration company, Frontera Copper Corporation, has agreed, due to the recent downturn in the copper market, to Mexican hedge fund Invecture’s hostile take over bid. After determining that the hedge fund, […]
Miami CEO Dishes Out $60 Million to Thank Employees
New York (HedgeCo.Net) – While some top banking execs choose to blow millions on lavish area rugs or fancy, non functional commodes, Leonard Abess Jr. of Miami-based City National Bank had a better idea; give back to the people who […]
Harvard’s alumni fail to dazzle in recession
Telegraph.co.uk – When Andy Hornby, the former chief executive of HBOS, was asked by the Treasury Select Committee to detail his banking qualifications he couldn’t. Like his fellow bankers, Sir Fred Goodwin, Sir Tom McKillop and Lord Stevenson, being questioned […]
The Hedge Fund Money-Go-Round
Seekingalpha.com – Bill Ackman explains how hedge funds work, specifically with regard to investors in Pershing Square IV, his fund dedicated (disastrously) to going long Target. Some of these investors, who are for the most part other hedge funds (that […]
Downturn spurs some foundations to give more
Boston Globe – At a time when most foundations are cutting back or maintaining last year’s spending, a few are doing what hedge fund manager Ken Nickerson of the Eos Foundation calls "counter-cyclical giving." They’re increasing their grants. Nickerson heard […]
Man Up! Hedge-Fund Man’s Advice for Wall Street
Bloomberg – Before I quit my job trading bonds for my former Wall Street employer and set up my first hedge fund, I thought long and hard. I stared at the ceiling every night, unable to sleep, and asked myself, […]
Hedge firm GLG assets fall
Reuters – Hedge fund GLG Partners reported a further drop in assets on Thursday and said the cycle of investor redemptions in the industry was not yet over despite its funds’ performance perking up in January. The London-based, New York-listed […]
Partner exits hedge fund firm NewSmith Capital
Reuters – NewSmith Capital Partners, one of the hedge fund firms to appear before last month’s Treasury Select Committee into the banking crisis, told Reuters on Thursday partner Jeremy Silewicz had left the firm. Silewicz, who joined NewSmith in March […]
Little is absolute about absolute return funds
Forbes – When does "absolute" imply something that in reality is far less than certain? When it comes to absolute return funds. That’s the label mutual fund companies have put on hedge fund-style products that they’ve been rolling out with […]
Betsy Waters on Basics of Investment Strategy at NY Traders Expo
West Palm Beach (HedgeCo.net) – dbFX Global Director Betsy Waters will moderate a panel discussion entitled, “Investing in Managed Accounts: The What, How, and Why,” during the International Traders Expo, the largest and only expo designed exclusively for active traders. […]
Hedge Funds Need Help in Recovering Losses: Fiduciary Experts Say
West Palm Beach (HedgeCo.net) – Independent forensic professionals, Chris McConnell and Eric Steinwald are finding themselves in increasing demand as hedge funds and other investors turn to experts for help in recovering from losses caused by fraud, Ponzi schemes, stock […]