Author Archives: the HedgeCo News Team
Julius Baer: Lower profits, slows capital outflows at hedge fund
Earthtimes – Julius Baer, one of Switzerland’s largest wealth managers, reported Monday a net profit of 324 million Swiss francs (303 million dollars) in the first half of the year, down 37 per cent compared to the same period in […]
Kuwait financier facing U.S. fraud suit found dead
Reuters – A brash Kuwaiti financier facing a fraud suit by U.S. authorities was found dead Sunday in an apparent suicide that sent shockwaves through the Gulf Arab financial sector. A security source told Reuters that Hazem Al-Braikan appeared to […]
People Moves: Swiss Hedge Fund & FoHFs Provider Expands To US
HedgeCo.net (West Palm Beach) – Swiss based hedge fund and FoHFs provider, Infonic AG, has expanded to the US by establishing a New York office. Infonic named IT specialist Nolan Phillips as Chief Operating Officer, and financial expert, Bridget Piraino, […]
Few Hedge Funds Started In Europe This Year, Raising Little
NASDAQ – The pace of new European hedge fund launches has stalled this year after the industry’s dismal 2008 performance made investors unwilling to back new ventures. Data provider EuroHedge Monday said just 47 funds started trading in the first […]
Hedge fund GLG backs oil venture with eye for London listing
Telegraph.co.uk – The hedge fund, which has $11bn (£6.7bn) of assets under management, will be the cornerstone investor in the new company called Lothian which will buy oil assets around the world and manage them. The plan is for Lothian […]
Uzbeki/Khazakh Hedge Fund Market’s Decline Slowing
HedgeCo.net (West Palm Beach) – Uzbekistan hedge fund manager, Ansher Fund Management, has reported that their flagship hedge fund, Ansher Regional Property Fund, (ARPF) has maintained its performance moderately stable at –0.37% during April-June 2009 despite the still lagging property […]
Calpers Hopes Riskier Bets Will Restore Its Health
Javno – Calpers lost nearly $60 billion in the financial markets last year, which means it has a serious long-term shortfall. Joseph A. Dear, the fund’s new invesment head, thinks the cure is in hedge funds and beaten-down private equity. […]
Market Chatter — Corporate finance press digest
Reuters – The following corporate finance-related stories were reported by media on Friday: * Fortress Investment Group, among the largest private equity and hedge fund firms, is looking to go on an acquisition drive, the Financial Times said, citing a […]
Multi-strategy Malta Hedge Fund Launch
HedgeCo.net (West Palm Beach) – Golden Hedge Umbrella Sicav has launched a multi-strategy hedge fund and is currently looking for seed investors. The Golden Hedge Multi-Strategy Fund, Malta domiciled, is the first subfund of the umbrella structure, run by Andreas […]
Geneva Funds of Funds Slump as Banks Struggle to Nullify Madoff
Bloomberg – Geneva banks, which began investing client money in funds of hedge funds during the 1960s, are struggling to rebuild the business after market losses and Bernard Madoff’s Ponzi scheme cut assets by 72 percent. The assets of funds […]
World stocks push up to 9-month highs
Reuters – World stocks pushed up to 9-month highs on Friday, cutting demand for government bonds as euro zone manufacturing and services reports beat expectations, fuelling optimism about economic recovery. The euro hit a session high against the dollar and […]
Cayman Islands Hedge Funds and Capital Markets in India – Report
HedgeCo.net (West Palm Beach) – A study by Dennis S. Ryan and Sonia Xavier of offshore law specialist, Conyers Dill & Pearman has come out ‘Cayman Islands Funds – Entering the Gateway to Capital Markets in India.’ The team describes […]