Author Archives: the HedgeCo News Team
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 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 […]
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 […]
Hedge funds’ unlikely leader
CNNMoney.com – When the headhunter first called Richard Baker in late 2007 and asked him if he was interested in becoming president and CEO of the Managed Funds Association – the hedge fund trade group – Baker thought it was […]
G30 says broken financial system badly needs repair
Reuters – The G30, a group of high-profile economists and policy-makers, on Thursday called for changes in international financial regulation to help avoid future meltdowns, but its recommendations were vague and non-binding. In findings that made no reference to the […]
Inquiry started of financier who invested with Madoff
International Herald Tribune – J. Ezra Merkin, a New York financier, wrote his investors last month that he too was shocked by the news that Bernard Madoff’s hedge fund was an elaborate Ponzi scheme. But not everyone sees him as a […]
Dreier Details $380 Million Spent on Law Firm, Art, Investments
Bloomberg – Marc Dreier, the New York lawyer accused of cheating hedge funds, lost part of the $380 million that prosecutors say he stole in failed investments and used the rest to repay the funds, cover his firm’s expenses and […]
Bankrupt Tulsa Execs Receive Over $3 Milllion in Bonuses
West Palm Beach – A pair of SemGroup LP executives are the only two administrators named to receive bonuses from both the bankrupt Tulsa company and its publicly held and struggling subsidiary, SemGroup Energy Partners LP, tulsaworld.com first reported Thursday. […]
HK Fund to team up with Paulson Hedge Fund in Offshore Launch
West Palm Beach (HedgeCo.net) – One of Hong Kong’s largest independent financial institutions, Sun Hung Kai Financial, is teaming up with hedge fund Paulson & Co, launching a distressed asset investment fund, according to a Reuters report. John Paulson will […]