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.

Hedge Fund Manager Acquires Long-only Fund Arm from Credit Suisse

December 31, 2008 : Permalink

West Palm Beach (HedgeCo.net) – Hedge fund manager, Aberdeen Asset Management PLC, has entered into an agreement with Credit Suisse to acquire their £40 billion ($58 billion) long-only asset management arm, making Aberdeen the the UK’s largest listed fund manager. Credit […]

Silk Invest/Danfonds Team to Launch 2 new Hedge Funds

December 31, 2008 : Permalink

West Palm Beach (HedgeCo.net) – Specialist asset management firm, Silk Invest Ltd, has acquired Danfonds Frontier Fund SPC., a Cayman based hedge fund, in an all equity deal, Silk Invest also bought majority share in Danfonds Frontier Fund SPC, which will […]

Asia’s bull run ends in 2008 with record falls

December 31, 2008 : Permalink

Miami Herald – Nearly two-thirds said they had lost 70 percent of their investments or more, according to the survey by the Shanghai Securities News, a newspaper affiliated with the stock exchange. Many Asian hedge funds, meanwhile, took a drubbing […]

Hedge Funds, Oil Prices and Resulting Recession

December 31, 2008 : Permalink

Seeking Alpha – In 1997, some observers feared an impending global recession as a result of the headwinds stemming from the Asian financial crisis. However, within two years, those fears had dissipated and were replaced with new concerns of irrational […]

NY judge may weigh wider Madoff investor relief

December 30, 2008 : Permalink

Dailyrecord.com – A judge presiding over civil claims filed against disgraced financier Bernard Madoff says he may be willing to consider extending relief from an investors’ fund to those who invested in Madoff’s business through third parties. OAS_AD(‘ArticleFlex_1’);U.S. District Judge […]

Madoff scandal doesn’t justify clampdown

December 30, 2008 : Permalink

UnionLeader.com – For sheer toe-curling embarrassment, it may be a while before Wall Street does better than the Bernard Madoff scandal. Here was a rogue who practically telegraphed his unreliability by hiring a tiny, no-name audit firm, by reporting monthly […]

Dow scrambling to keep $15 billion Rohm takeover alive

December 30, 2008 : Permalink

Reuters – Dow Chemical is scrambling to keep its $15 billion takeover of rival Rohm & Haas alive after a surprise decision by the Kuwaiti government to scrap a joint venture with Dow, the Financial Times reported on Tuesday. The […]

BlueGold, Clive Capital Beat Most Hedge Funds in Commodity Rout

December 30, 2008 : Permalink

Bloomberg – The biggest-ever decline in commodities turned Pierre Andurand and Chris Levett into this year’s heroes for investors. Andurand’s $1.1 billion BlueGold Capital Management LLP hedge fund in London almost tripled between its February debut and November by betting […]

Cuban’s Sports Gambling Hedge Fund, Revisited

December 30, 2008 : Permalink

CNBC – More than four years ago, Dallas Mavericks owner Mark Cuban said that if he started any hedge fund, it would be a sports gambling hedge fund. Cuban quickly noted that it was merely a fantasy: as an owner, […]

Asia markets trade higher

December 30, 2008 : Permalink

TREND Information – Major Asia and Pacific markets traded higher Tuesday in the waning days of a dismal year, reported CNN. In Tokyo, the Nikkei closed 1.3 percent higher during an abbreviated final trading day of 2008. Despite the positive […]

GMAC to Receive $6 Billion from Uncle Sam

December 30, 2008 : Permalink

New York (HedgeCo.Net) – GMAC LLC, the financing arm of struggling U.S. automaker GM, will receive $6 billion from the federal government. The deal entails the treasury purchasing $5 billion in senior preferred equity in the company, while providing GM […]

Hedge Fund Tracking: Seth Klarman & Baupost Group, Q3 2008

December 30, 2008 : Permalink

SeekingAlpha.com – This is the Third Quarter 2008 edition of our ongoing hedge fund tracking series. Next up is Baupost Group ran by Seth Klarman. Klarman received his MBA from Harvard Business School and started working at Baupost at age […]