Author Archives: the HedgeCo News Team
Anger at Goldman Still Simmers
Just before the financial crisis began in September 2008, a prominent hedge fund appeared well positioned to take advantage of any turmoil in the markets. That fund, Copper River Partners, had made sizable bets months earlier against companies whose stocks […]
Mitt Romney hedge fund kingmaker
FORTUNE — As he gears up for the final stretch in the marathon that is the Republican nomination campaign, Mitt Romney has no shortage of eminent financiers to call on — for advice or money. Billionaire hedge fund titans such […]
Hedge Funds Pile Into Stocks After Missing Rally
Businessweek.com – There is a reason hedge fund managers are paid so handsomely. They are considered to be smarter than everybody else when it comes to investing. But that has not been the case recently. Last year was a terrible […]
‘Clerical error’ foiled hedge fund Octavian’s Balda battle
Octavian Advisors LP said a clerical error prevented the $1 billion New York-based hedge fund from backing its own move last month to oust the supervisory board of German medical and electronics products maker Balda AG. Octavian’s failure to vote […]
Stanford Found Guilty Of $7B Ponzi Scheme
Texas financier R. Allen Stanford was convicted on Tuesday on 13 of 14 counts of fraud in connection with a $7 billion Ponzi scheme. Three years had elapsed between Stanford’s being accused of the hedge fund fraud—which involved 30,000 investors […]
Hedge funds mum about ETF use
Hedge fund managers are the third-biggest institutional users of exchange-traded funds and exchange-traded products, but they’re reluctant to talk about it. That’s because pension fund, endowment and foundation clients won’t be happy if the hedge fund managers they are hiring […]
Transfers at Clear Channel in Dispute
(Wall Street Journal) A hedge fund is accusing a subsidiary of Clear Channel Communications Inc. of improperly moving $656 million to its debt-laden parent, which is owned by private-equity giants Bain Capital Partners and Thomas H. Lee Capital Partners. The […]
Bold hedge funds mull risky Greek debt battle
(Reuters) – Some hedge funds are refusing to join Greece’s bond swap, threatening legal action if the government does not come up with a better offer and complicating efforts to restructure the country’s debt. Greece’s private creditors have until Thursday […]
Asia Hedge Fund Startups Falter as Big Backers Pull Cash
Bloomberg: Asia-focused hedge funds that were started with the help of a major backer after the 2008 credit crisis are shutting down as a shrinking pool of key investors makes it harder for them to raise capital. Isometric Investment Advisors […]