Author Archives: the HedgeCo News Team
Verizon Expands Despite Economic Conflict
West Palm Beach (HedgeCo.net) – Verizon Communications Inc. reported strong results in the third quarter 2008, reporting 59 cents in diluted earnings per share (EPS) in the third quarter 2008, compared with 44 cents per share in the third quarter […]
UK Hedge Fund Managers Recieve AIMA’s Latest Capital Adequacy Guidance Update
West Palm Beach (HedgeCo.net) – Global representative association for the hedge fund industry, the Alternative Investment Management Association (AIMA), has issued updated guidance to its members on how to implement an Internal Capital Adequacy Assessment Process. "The hedge fund industry […]
Hedge Funds Meet With FSA, BOE Over Lehman Assets, FT Reports
Bloomberg – Hedge funds met with the U.K.’s Financial Services Authority and the Bank of England in London to discuss the return of their assets from Lehman Brothers Holdings Inc., the Financial Times reported, citing unidentified funds. Representatives from the […]
Russian hedge funds face closure
Reuters – Up to half of Russian hedge funds could go out of business as the financial crisis sends investors fleeing and the stock market continues to fall, according to industry experts. Speaking at the Russia Alternative Investment Summit on […]
Up to 30 pct of hedge funds could close-GLG
Reuters – Up to 30 percent of the world’s hedge funds could disappear "in a Darwinian process," according to the co-chief executive of one of Europe’s biggest, GLG Partners Emmanuel Roman was quoted by several British newspapers as saying many hedge […]
Settling down
Times of Malta – The situation in the international financial markets, although still displaying signs of uncertainty, seems to be settling down. Governments in the major economies, US, UK, Germany, France and Italy, no longer seem to be chasing fairies […]
Whitebox hedge fund puts halt to cashing out
Minneapolis Star Tribune – Hedge fund manager Whitebox Advisors won’t let customers cash out, according to a national publication that follows the lightly regulated industry that manages money for affluent individuals and institutions. The Minneapolis firm, which runs about $4 […]
Iraqi Funds: “Business as Usual”
West Palm Beach (HedgeCo.net) – Iraq and the Babylon Fund sailed fairly unscathed through the panicky financial markets in September, according to CEO Robert Torkelund. “Our strategy to focus on sticky money instead of any cheap hot money flow, has […]
This Hedge Fund Manager Tries to Short Himself: Michael Lewis
Bloomberg – The first time I sensed the alarming change in my soul was when I caught myself, five minutes after the market open, reaching for a reefer. Trust me, I didn’t amass legacy wealth (underestimated by Forbes magazine in […]
Cramer’s ‘Mad Money’ Recap: Hedge-Fund Madness
The Street – Forced selling by hedge funds is behind the late-day market volatility these days, Jim Cramer told the viewers of his "Mad Money" TV show Thursday. He fears we may never see a bottom until the selling comes […]
The Risks and Rewards of Investing in a Bear Market
Time – Benjamin Graham was well prepared for the Crash of 1929. The now legendary investor had hedged his bets: he would buy preferred stock in a company and sell short common stock in the same company. When stocks crashed […]
600 jobs likely to go at Goldman
Guardian Unlimited – The threat of further redundancies hung over the City last night as it emerged that the investment bank Goldman Sachs is expected to cut at least 600 jobs in London. A wide-ranging cull of hedge funds in […]