Author Archives: the HedgeCo News Team
Hedge funds made small gain in May
(Reuters) – Hedge funds managed to eke out a small profit in May, data showed on Friday, even as a resurgence of the euro zone debt crisis roiled markets and sent equity prices tumbling. The GlobeOp Hedge Fund Performance Index, […]
Galleon hedge fund case brings down Former Goldman Sachs director Rajat Gupta
New York (HedgeCo.Net) – Preet Bharara, the United States Attorney for the Southern District announced that Rajat K. Gupta, former corporate chairman of an international consulting firm and a member of the Boards of Directors of The Goldman Sachs Group […]
Citi Prime Finance Survey shows Hedge Fund Assets doubling in 5 years
New York (HedgeCo.net) – A recent study from Citi Prime Finance projects a doubling of assets in upcoming years. This news comes on the heels of a Reuters report that shows $5 Billion outflows in the month of April. BarclayHedge […]
Global X Launches Hedge Fund Replication ETF
ETF Trends – Closely following the launch of the AlphaClone hedge fund replication exchange traded fund, Global X is also marketing an ETF based on top hedge fund picks. On Tuesday, the Global X Top Guru Holdings Index ETF (NYSEArca: […]
Hedge Funds Failing to Deliver Taxes to Connecticut: Muni Credit
Business Week – Connecticut Governor Dannel Malloy is learning you can’t always count on the rich. The Democrat last month deferred debt payments, trimmed programs and diverted funds as tax revenue came up short and opened a $200 million budget […]
Former Governor of the FED, Randall Kroszner to Join EQA Hedge Fund
New York (HedgeCo.Net) – EQA Partners, an alternative investment manager whose expertise lies in currencies and traditional global macro strategies, today announced the appointment of Dr. Randall Kroszner as Partner and Chief Economist, a new position. Dr. Krozner’s distinguished career […]
Astenbeck hedge fund down 14 percent in “Mensis Horribilis”
Reuters – Andrew Hall’s $3.1 billion commodity hedge fund lost 14.4 percent in May, as crude prices tumbled a month after the legendary energy trader told investors he was bullish on oil because of tightening global supplies, according to sources […]
In Controversial Self-Regulatory Organization Proposed Bill, Hedge Funds Are to be Exempt
Forbes – Congressional Bill HR4624, the “Investment Adviser Oversight Act of 2012” has been introduced into Congress, with a hearing scheduled to be held tomorrow, June 6, 2012. The co-sponsors of the Bill are Finance Committee Chairman Spencer Bachus (R-AL) […]
Hedge Fund Senrigan Capital to score big with $50mln Co-investment from Blackstone Group
New York (HedgeCo.Net) – Nick Taylor, British born portfolio manager of the 3 year old Senrigan Capital, has entered into a $50 million to co-investment deal with it’s long-time investor Blackstone Group. With over $1 Billion under management, Senrigan is […]
Deutsche Bank’s dbRemarket Auction Platform for trading interest in Hedge Funds and Private Equity Now Operates as a Qualified Matching Service
New York (HedgeCo.Net) – New York Deutsche Bank’s Trust & Securities Services (“TSS”) unit, part of its Global Transaction Banking division, has received Qualified Matching Service (QMS) designation from the Internal Revenue Service (IRS) for its dbRemarket platform. The service […]
Hedge fund bets against euro hit record
Europe’s common currency is expected to stay under pressure as data indicated a new record amount of hedge fund bets against the euro, which fell to a near two-year low against the US dollar last week. Mounting concerns over Spain’s […]
Global downturn puts investors, companies in retreat
(Reuters) – Gripped by fears that Europe’s debt crisis is driving the world economy into a ditch, companies are delaying plans to raise capital and canceling deals, while investors are taking refuge in cash or any other place they think […]