Author Archives: the HedgeCo News Team
Hedge Fund Seeks Continental AG Chairman’s Ouster, FTD Reports
Bloomberg – A hedge fund led by Frank Scheunert wants to oust Continental AG Chairman Hubertus von Gruenberg, Financial Times Deutschland reported, citing the investor. Scheunert, who controls about 5 percent of the tiremaker’s stock, said Continental’s board is “destroying […]
Fraudster Who Staged Death Transferred to Florida Jail
New York (HedgeCo.Net) – Marcus Schrenker, the pilot turned money manager accused of faking his own death to avoid fraud charges, was transferred from a Tallahassee hospital to a Pensacola jail on Monday. Schrenker, 38, purposely crashed his single-engine Piper […]
Chrysler Rumored to be in Talks with Italian Automaker over Stake
New York (HedgeCo.Net) – Italian automaker Fiat S.p.A. may be interested in acquiring a stake in Chrysler that could help lift the U.S. automaker out of financial distress. According to an article published on autonews.com, Fiat may invest in a […]
Third Party Administrators to Improve Hedge Fund Transparency
West Palm Beach (HedgeCo.net) – In an example of how hedge funds and CTAs are turning to third-party administrators with an eye on offering their investors improved transparency, hedge fund and FoHF provider Spectrum Global Fund Administration has teamed up […]
Hedge Fund Manager sees ‘outstanding’ value opportunities in 2009
West Palm Beach (HedgeCo.net) – Beijing-based fund manager, Lowes Wealth Management (LWM), has announced a bullish programme of stock acquisition, building on the opportunities thrown up by the global downturn. LWM, which runs the recently launched Elite East-West Value Fund, […]
Hedge funds fold
The Washington Times – Year after year, the hedge fund industry dazzled Wall Street by delivering "absolute returns" – outsized profits whether markets rose or fell. Using sophisticated trading models, the pools of managed capital made wealthy people wealthier with […]
Famed for piety, Jacob Merkin put faith and funds in Bernie Madoff
New York Daily News – Jacob Ezra Merkin was once revered as a wizard of Wall Street, an angel of charity and a lion of Judaic studies. Now he has earned infamy as a destroyer of wealth, a menace to philanthropy, a […]
Reality of the Hedge Fund Industry in 2009
Seekingalpha.com – The tide has gone out for hedge funds. Many have indicated that they "feel" X% of the hedge fund industry will go under. Perhaps a little data and a crude stab at a model will improve a rather […]
Hedge fund industry could become the investment banks of the future
Times Online – Mark Twain said that visiting a fortune-teller “was just as good as going to the opera, and the cost scarcely a trifle more — ergo, I will disguise myself and go again”. But he was visiting a […]