Author Archives: the HedgeCo News Team
$700 Billion Rescue? Not All Republicans Are on Board with Bush
New York (HedgeCo.Net) – The $700 billion rescue plan proposed by the Treasury and backed by President Bush seems to be greeted with disdain by republicans and democrats alike. After excruciatingly long hearings and even an emergency meeting with the […]
Hedge Funds Hoard $600 Billion in Cash
Minyanville.com – While they’re not deviously plotting the demise of the worlds’ most powerful financial institutions, hedge funds are loading up on another popular trade: Cash. According to the Financial Times, Citigroup estimates hedge funds have recently squirreled away as […]
New UK pension scheme rules out hedge funds
Reuters – Britain’s new Personal Accounts scheme, a plan for savers without a company pension, is "highly unlikely" to invest in hedge funds and private equity, said the head of the authority in charge of setting up the scheme. The […]
Fearing financial trouble hedge funds flee Morgan Stanley
Hindu Business Line – Worried that global financial services provider Morgan Stanley may land into financial troubles like Lehman Brothers, several hedge funds fled the bank resulting in a loss of billions of dollars in its prime brokerage business last […]
Icahn Biotech Stakes Rise on Drugmaker Demand as Markets Gyrate
Bloomberg – Carl Icahn, the investor angling to sell a 13 percent stake in Imclone Systems Inc. for more than $800 million, is piling up bets in the biotechnology industry. Icahn and hedge funds he manages have accumulated stakes in […]
RMB launches diversified target fund targeting DB and DC schemes
Professional Pensions – RMB Asset Management has launched a diversified target fund in a bid to help schemes manage funding volatility. The asset management firm said the multi-manager RMB Diversified Target Return Fund has exposure to equities, bonds and alternatives […]
Update – Vodia Expands Into Frontier Markets
West Palm Beach (HedgeCo.net) – Reflecting a growth in corporate activities, Vodia Group has rebranded as Finadium. The move was made, the re-named Finadium says, to showcase an ability to develop new ideas and create products and marketing strategies in […]
Auction Of Hedge Fund Manager’s Former House Brings To Mind Troubled U.S. Economy
Hartford Courant – Michael Lauer’s estate in the prestigious backcountry neighborhood of this wealthy town looks almost as troubled as the U.S. economy. The grounds are overgrown with waist-high weeds. A pool cover is filled with filthy, stagnant water. Inside, […]
Hedge fund managers optimistic despite gloomy summer
Financial Post – The Canadian hedge fund industry has ballooned in the past few years, with some estimating annual growth at 30%. But there is still plenty of room for more, given that plenty of the strategies, such as risk […]
RLPC-Leveraged loans sag as hedge funds sell-traders
Reuters – Leveraged loan prices fell on Wednesday as hedge funds facing redemptions and forced to cover short equity positions sold loans, traders told Reuters Loan Pricing Corp. Leveraged loans have declined over the past week amid a rout in […]
Hedge funds move $100bn into safe havens
Financial Times – Hedge funds charging hefty fees for sophisticated trading strategies aimed at outperforming the wider market have collectively parked $100bn in simple money market funds typically used by investors seeking safe rather than spectacular returns. Citigroup estimates that […]