Author Archives: the HedgeCo News Team
Report: Hedge fund owner in Petters case denied bail
Birmingham Business Journal – The owner of a Chicago hedge fund charged with helping Tom Petters fund his $3.5 billion alleged Ponzi scheme was denied bail Tuesday, reversing a bail decision last week, according to media reports. Gregory Bell was […]
Hedging on Hedge Fund Scrutiny Fine With Court: Ann Woolner
Bloomberg – Let’s say you hand a million dollars or more to an investment advisory firm that boasts a sterling reputation, grand results and a promise to thoroughly investigate hedge funds before recommending them. For all the claims of super […]
Perry hedge fund settles with SEC over Mylan stake
Reuters – Hedge fund firm Perry Corp will pay $150,000 to settle accusations that it failed to report a substantial stake in Mylan Inc, purchased to support a proposed 2004 takeover of King Pharmaceuticals, the U.S. Securities and Exchange Commission […]
Trade Policy 2009-12: Insurance of int’l buyers, hedge funds to be provided
Daily Times – (Islamabad) The government intends to establish hedge fund under Trade Policy 2009-12 to keep the cost of capital, production cost and also account for inflation so that export orders remain within the projected cost. In order to […]
Madoff trustee in settlement talks with Bermuda fund manager
Caribbean Net News – The trustee liquidating Bernard Madoff’s business told a judge he is in settlement talks with three Fairfield Greenwich Group hedge funds accused of taking $3.54 billion in fake profit from the conman’s fraud. Trustee Irving Picard […]
MEP says hedge fund law needs refining
Reuters UK – A draft European Union law that will require hedge fund managers to be authorised needs refining to cover other types of alternative investments better, a senior MEP said on Tuesday. The Alternative Investment Fund Managers law is […]
1H 2009 Hedge Fund Update: Halfway There – Report
HedgeCo.net (West Palm Beach) – Six months after their worst drawdown on record, hedge funds appear to be demonstrating stronger performance than in some previous recovery periods, such as during the Asian Currency Crisis and the Tech Bubble Burst events. […]
Asian hedge funds returned 1.79 pct in June -Eurekahedge
Reuters India – Asian hedge funds were up a fourth straight month in June, rising an estimated 1.79 percent, on the strength of gains in Chinese and Japanese stocks, hedge-fund tracker Eurekahedge said. The positive returns in June, which is […]
Man puts $50 million with ex-Brevan Howard traders
Reuters – A portfolio run by Man Group, the world’s biggest listed hedge fund firm, has invested $50 million (30 million pounds) in a new start-up fund run by three former Brevan Howard traders. Man’s RMF Global Emerging Managers strategy […]
Hedge Fund Inflows Reach $19.2 Billion In June
HedgeCo.net (West Palm Beach) – Hedge funds attracted $19 billion of fresh capital (gross) in June, marking their second consecutive month of net inflows of $6 billion. Nearly 75% of all reporting hedge funds are in the black for H12009, […]
UPDATE 2-Gottex AuM down 4.6 pct in Q2, sees better H2
Reuters – Gottex Fund Management Holdings Ltd said on Wednesday assets under management slipped 4.6 percent to $8.1 billion in the second quarter, denting its shares, but it saw some positive signs for the second half. The fund of hedge […]
Activist funds eye resurgence in friendlier climate
Alibaba News Channel – European companies emerging from the credit crisis should start looking over their shoulders: activist investors are set to return from hibernation, working more closely than ever with institutions to effect change. The activists, who favour methods […]