Author Archives: the HedgeCo News Team
Hedge fund Yorkville spies gap in loans market
Reuters – Yorkville Advisors, a $1 billion hedge fund, said it is stepping into the lending vacuum left by banks as it provides struggling firms with loans for up to two years, typically in the $5 million to $40 million […]
No Performance Fees for 80% of Asia Hedge Funds
Bloomberg – More than 80 percent of Asian hedge funds won’t be able to charge their investors performance fees after finishing 2008 below their peak net asset values, according to data provider Eurekahedge Pte. About a third of the 1,000 […]
Madoff’s wife took out $15M from husband’s firm before his arrest
Grand Forks Herald – The wife of disgraced money manager Bernard Madoff withdrew more than $15 million from a firm co-owned by her husband – including $10 million on the day their children turned her husband over to authorities for […]
GPIF says alternative investments need closer study
Guardian Unlimited – Japan’s public pension fund, the world’s largest, said on Thursday it needs a deeper study of diversifying into alternative investments, such as hedge funds and real estate, after seeing the asset class hit by the financial crisis. […]
Hedge Funds Post First Back-to-Back Gain in 8 Months
Bloomberg – Hedge funds posted their first back- to-back gain in eight months in January, rebounding from record losses in 2008 as North American managers benefited from betting stocks would fall, an industry report showed. The Eurekahedge Hedge Fund Index, […]
Hedge Fund Haven to Tighten Rules
Street.Com – Financial authorities on the Cayman Islands are promising a legislative crackdown to bolster investor confidence in the post-Madoff era. But while the Caymans — long a hedge fund haven due to tax advantages and light regulation — may […]
Brazil Braces for Hedge-Fund Manager Import: Alexandre Marinis
Bloomberg – Brazil’s main airports are filled with the country’s fastest-growing import: Brazilians returning home after losing their jobs in the U.S., Japan and Europe. They left their homeland for jobs in more developed countries years ago, and sent some […]
Amaranth, Perella Were Victims of Dreier’s Fraud, US Says
Bloomberg – The victims of Marc Dreier, the New York lawyer charged in a $400 million fraud, included Amaranth Group Inc., Perella Weinberg Partners and Blackstone Group LP’s GSO Capital Partners, U.S. prosecutors said. Government lawyers identified the firms in […]
Hedge Funds on the Rise, Advance 1.10% in January
New York (HedgeCo.Net ) – After a disappointing 2008, hedge funds seem to be on the up and up, advancing 1.10% in January according to the latest research by the New York-based Hennessee Group. According to the research, convertible arbitrage […]
Hedge funds manager’s girlfriend pleads guilty to helping him flee
CNN.com – The girlfriend of a convicted hedge fund manager who disappeared last year, leading to speculation that he had committed suicide rather than report to prison, pleaded guilty on Tuesday to helping him, according to federal prosecutors. Debra Ryan […]