Author Archives: the HedgeCo News Team
N.Y. judge restrains Merkin funds in Madoff lawsuit
Boston Globe – A judge extended an order on Tuesday barring hedge fund founder Ezra Merkin from shutting down funds that had invested with accused swindler Bernard Madoff or withdrawing money from them. New York State Supreme Court Justice Richard […]
Is now the right time for open source in hedge funds?
CNET News – I’ve blogged about Marketcetera before, a cool open-source hedge fund trading platform. Later this week I’ll be posting an update after I interview the Marketcetera team, but keep bumping into stories that make me wish the interview […]
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 […]
Main Citadel Hedge Funds Dropped Estimated 53% In ’08
CNN Money – Citadel Investment Group’s main hedge fund lost 53% for 2008, according to a person familiar with Citadel’s preliminary estimates. The $10 billion Kensington and Wellington funds lost about 9% during the first 24 days of December, punctuating […]
Daiwa drops big fund plan after Blackstone talks fail
Reuters – Daiwa Securities Group Inc, Japan’s second-largest brokerage, said that it would drop its plans for a large private equity fund after talks with Blackstone fell through. Daiwa had been in talks with private equity firm Blackstone Group LP […]
Hedge Funds Will Be Ruined by Withdrawal Limits:
Bloomberg – Looking for a new definition of a hedge fund? How about an organization that takes 20 percent of the profits on your money in the good times, then refuses to let you have it back when the weather […]
Tate & Lyle hurt by rumours of hedge fund share sale
Financial Times – The London market’s new year bounce continued into a fifth session, but Tate & Lyle missed the trend. Tate lost 8.5 per cent to 386¼p amid speculation that Harbinger, its second-biggest shareholder, might have to sell to […]
Pellegrini quits Paulson & Co to start fund
Interactive Investor – Paolo Pellegrini, who played a crucial role in helping to implement bets against subprime mortgages that netted Paulson & Co about $15 billion in 2007, resigned from the hedge-fund firm on Dec. 31, the Wall Street Journal […]
Hedge fund tools may see revival in Asia
Inquirer.net – Global asset management firm Bank of New York Mellon sees the Asia-Pacific region leading the revival of hedge fund instruments, such as the so-called structured products, despite the stigma from the financial meltdown that started in the United […]
Finvest Launches Private Equity Fund
West Palm Beach (HedgeCo.net) – After being awarded $2.5 billion in allocation for investment in private equity, hedge fund manager Finvest Asset Management, announced the launch of a private equity initiative. Finvest is also separately dedicating $300 million to a […]