Author Archives: the HedgeCo News Team
Investors joining hedge fund club get burned
Reuters – Two years ago, investors scrambled to snap up shares in elite hedge fund firms, eager for a piece of the lucrative action. What they got instead were big losses. Starting in early 2007, when hedge fund and private equity […]
Bank Safdie Dodges Madoff Loss, Predicts More Hedge Fund Rules
Bloomberg – Banque Safdie SA, the Geneva-based wealth manager that withdrew money invested with Bernard Madoff three years before his alleged Ponzi scheme unraveled, said the scandal will mean more hedge fund regulation. “What Madoff has done is highlight the […]
Anglo American PLC
SilkInvest – Anglo American PLC, which represents about 10% of the South African index, has been one of the worst performers among the world’s major diversified mining companies. It has now addressed issues with its under-performing management team. Chief executive […]
Hedging loopholes
Blueridgenow.com – Hedge funds have been in the news recently, usually with a watered down description of the characteristics of these investment vehicles. Most folks know that Chelsea Clinton works for a hedge fund (Avenue Capitol), and that John Edwards […]
Chairman of Hedge Funds Care to Ring the NASDAQ Closing Bell
West Palm Beach (HedgeCo.net) – President and Chairman of Hedge Funds Care (HFC), John Budzyna, will preside over the Closing Bell to mark the 11th Annual New York Open Your Heart to the Children Benefit to be held at Cipriani […]
Charities hurt in Madoff case get charity
MSNBC – Nonprofits that are struggling because their donors lost money with Bernard Madoff are getting a bailout — but not from the government. Richer foundations are stepping in to help. Human Rights Watch, The Center for Constitutional Rights and […]
Rival Launches RRSP Fund
West Palm Beach (HedgeCo.Net) – Cayman Island based hedge fund manager Rival Capital Management Inc., announced the launch of the Rival North American RRSP Growth Fund, an RRSP eligible fund that will invest in the current Rival North American Growth […]
NYU Granted Extension Amidst Madoff Losses
New York (HedgeCo.Net) – New York University scored a victory yesterday, when they won a court order that sought an extension on a temporary ban that would halt J. Ezra Merkin from making any more transfers with the school’s funds. […]