Author Archives: the HedgeCo News Team
Paulson Hedge Fund Buys Banks That Lost Value in Credit Crisis
Bloomberg – John Paulson, the hedge-fund manager whose wagers against the U.S. housing market helped him earn an estimated $2.5 billion last year, bought Bank of America Corp. and Goldman Sachs Group Inc. stock in the second quarter, while adding […]
Report: Pequot Capital Management, founder Samberg receive SEC Wells notices
News1130.com – The Securities and Exchange Commission is continuing its investigation of possible insider trading involving hedge fund Pequot Capital Management and its founder Arthur Samberg, according to a letter to investors obtained by The Wall Street Journal. The SEC […]
Europe buyout firms eye IPOs as stock mkts thaw
Reuters – European private equity firms are keen to start bringing their best-performing portfolio companies to market, encouraged by early successes on the other side of the Atlantic. Last week KKR successfully listed semiconductor business Avago Technologies Ltd and is […]
Long-only leads hedge fund returns in July
Forbes – Long-only hedge fund strategies posted the best returns of the asset class in July as global stock markets continued their upward trend, according to data in a report published by Lipper Global on Tuesday. As the industry looks […]
Newsletter writer’s lawyer seeks dismissal
HeraldTribune.com – An attorney representing newsletter writer Don Rowe, who strongly recommended Arthur G. Nadel’s hedge funds to some investors, is seeking to have a civil fraud suit against his client dismissed. In an Aug. 3 filing in circuit court […]
UBS names Sclater to head Singapore prime broking
Reuters – UBS has named Alastair Sclater to the new post of head of its Singapore prime brokerage, as the Swiss bank aims to build that business in Asia’s second-biggest centre for hedge funds. Singapore, which competes with rival Asian […]
Hedge Fund Models Need to Evolve- Deloitte Research
HedgeCo.net (West Palm Beach) – A new research paper by Deloitte LLC: "How Hedge Funds Are Becoming the Ultimate Networked Enterprise," focuses on how hedge fund methods of interacting with prime brokers and third-party administrators needs to be rethought in […]
Hedge funders’ suit claims money went to porn investment, swingers’ resort
New York Daily News – A California moneyman with X-rated interests is being sued by several hedge funds who accuse him of shoveling their millions into porn and a planned Catskills swingers ranch. Milton (Todd) Ault 3rd is charged with […]
Banks, commods drag European stocks lower
Reuters – European shares closed lower on Tuesday in response to disappointing U.S. economic data, with banking and commodity stocks weighing the most on the main index. ”We have had a couple of macro figures which did not please the […]