Author Archives: the HedgeCo News Team

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.

Royal Bank of Canada Sued Over Failed Hedge Funds

January 26, 2009 : Permalink

Bloomberg – Royal Bank of Canada, the country’s biggest bank by assets, was sued by investors in Olympus United Funds who claim they lost more than $90 million in the funds’ collapse. Royal Bank, based in Toronto, “secretly managed” the […]

Gates Donates Despite Economic Distress

January 26, 2009 : Permalink

West Palm Beach (HedgeCo.net) – In a letter scheduled to be released today, January 26th, Bill Gates is offering insight to the world both about the current financial crisis as well as what his foundation has been able to do despite […]

Senate Approves Schapiro as New Head of SEC

January 23, 2009 : Permalink

New York (HedgeCo.Net) – Mary Schapiro, who most recently was the CEO for the Financial Industry Regulatory Authority, is now the head of the Securities and Exchange Commission.  The Senate approved Schapiro yesterday, a month after being nominated President Barack […]

Government may inject billions into Northern Rock

January 23, 2009 : Permalink

Reuters – The government is considering injecting as much as 10 billion pounds into Northern Rock to use the nationalised bank to ramp up mortgage lending, the Daily Telegraph reported. The Treasury has yet to make a final decision on […]

Duff Capital Advisors shrinks, stays in business

January 23, 2009 : Permalink

Reuters – Hedge fund firm Duff Capital Advisors, launched last year to help pension funds, endowments and insurers meet long-term funding obligations, laid off most of its staff, a person familiar with the matter said on Thursday. The company remains […]

Dreier Gets $20 Million Bond, Claims He Can’t Pay

January 23, 2009 : Permalink

Bloomberg – Marc Dreier, the New York lawyer jailed since his arrest for allegedly cheating hedge funds, won’t be able to post the $20 million bond that would free him, his lawyer told a federal judge. U.S. Magistrate Judge Douglas Eaton in […]

Ellington Sues Ameriquest Over Bad Subprime Mortgages

January 23, 2009 : Permalink

Bloomberg – Ellington Management Group LLC, the hedge-fund firm focused on mortgage bonds, sued Ameriquest Mortgage Co. and other ACC Capital Holdings units over soured subprime home loans. Funds run by Old Greenwich, Connecticut-based Ellington saw the value of $354 […]

Sorting out losses in Nadel funds complex

January 23, 2009 : Permalink

Sarasota Herald-Tribune – When he first invested $100,000 in Arthur G. Nadel’s Viking Fund, David Walters was elated with a 7.77 percent return in just the first three months. After the Sarasota-based fund delivered a 22 percent profit in 2004, […]

EUEC Workshop fo Carbon Hedge Funds

January 23, 2009 : Permalink

West palm Beach (HedgeCo.net) – Two prominent carbon and CDM Experts, Peter C. Fusaro, Dr. Prabhu Dayal are presenting the ‘EUEC 2009’ in Phoenix, Arizona, the Carbon Trading course includes practical case studies for the design and development of CDM […]

Hedge Fund Assets May Fall $450 Billion After Worst Performance

January 23, 2009 : Permalink

Bloomberg – Hedge funds lost more money in 2008 than any year on record. It may get worse in 2009, forcing fund managers to overhaul investment strategies, reduce fees and make it easier for clients to withdraw cash. The $1.2 […]

Hedge fund made millions short-selling on Barclays as its share price plummeted

January 23, 2009 : Permalink

Daily Mail – One of Britain’s most successful hedge funds made a fortune betting on a plunge in Barclays shares on the day the short-selling ban was lifted, it has emerged. Lansdowne Partners sold shares in the high street banking […]

SEC charges missing money manager Nadel with fraud

January 22, 2009 : Permalink

PR Inside – Federal regulators on Wednesday charged a missing hedge fund manager with fraud, saying he misled investors and overstated the value of investments in the six funds by about $300 million. The Securities and Exchange Commission won a court […]