Author Archives: the HedgeCo News Team
Citadel Cuts Asian Principal Investments, Exits Tokyo
Bloomberg – Citadel Investment Group LLC, the hedge fund manager founded by Kenneth Griffin, will close down its Tokyo office and Asian principal investments operations, cutting more than half of jobs in the region. Citadel will run its remaining Asian […]
Dodd Stresses Importance of Auto Bailout, Has Message for GM
New York (HedgeCo.Net) – Saying that GM is in the “worst shape,” Senate Banking Committee Chairman Christopher Dodd told the struggling automaker that they’ve got to consider new leadership if they want to receive federal aid. The comments prompted many […]
Centaurus mulls sale of Atos Origin stake
Reuters – Hedge Fund Firm Centaurus is considering selling its remaining 6.66 percent stake in French IT services group Atos Origin due to the financial crisis, French daily La Tribune reported on Monday. Centaurus and Atos could not be immediately […]
Hedge funds extend losing streak in November-data
Reuters – Hedge funds around the world extended their losses last month when the average portfolio declined 1.41 percent amid fresh stock market turmoil, data released on Friday shows. The average hedge fund lost 17.70 percent in the first 11 […]
Hedge Funds: Back to Basics
Seeking Alpha – With the news getting worse and worse for the hedgies (e.g. Fortress, Thomas Lee, D. E. Shaw), it’s time for a rethink on hedge funds. For hedge fund investors: You probably went into them believing that they […]
Experts Discuss Hedge Fund Growth at ‘Fighting the Tape’ Seminar
West Palm Beach (HedgeCo.net) – Top financial industry leaders and more than 200 attendees gathered in New York late last week discuss the volatile hedge fund market and provide insights on distressed funds. Sponsored by global offshore law firm Walkers, the […]
Mystery sponsor funds cancer drug
BBC News – A kidney cancer patient who was refused a life-saving drug on the NHS has been given hope, after a mystery benefactor offered to pay for the treatment. After his plight was highlighted by a cancer campaign group, […]
British Airways Woos Caja Madrid to Keep Qantas and Iberia Deal
Merchant News – British Airways is going to woo Caja Madrid, the saving bank that has a key hold in Iberia, in order to try to persuade the Spanish carrier into joining a 3-way merger. British Airways sources say that […]
Global fund houses look to India JVs amid turmoil
Forex Pros – Global financial turmoil and recent attacks in Mumbai will likely spur foreign fund houses still looking to enter the high potential India market to hedge their risks with local partnerships rather than going it alone. Factors such […]
I’m Shocked, Shocked: My Hedge Fund Didn’t Hedge!
Seeking Alpha – "In my view they didn’t do what they set out to do … which was to hedge. I saw a few hedge funds that did much worse than my long-only fund, which is rather ironic," [Veritas Asset […]
Hedge Fund Roach Motels Might Just Be a Blessing
Bloomberg – The financial crisis is imposing heavy burdens on the hedge-fund industry, and the strain has become more visible. By the end of last week, about 100 hedge funds imposed restrictions on withdrawals. Many funds have become financial roach […]
Canada’s Hedge Funds Care Group Raise $150K for Kids
West Palm Beach (HedgeCo.net) – Canada’s hedge fund industry gathered in November to raise $150,000 in support of Hedge Funds Care Canada (HFCC), which is dedicated exclusively to the treatment and prevention of child abuse and neglect. "The Canadian hedge fund […]