Author Archives: the HedgeCo News Team
KBC says stops BlueCrest fund leverage facility
Reuters – Belgian bank KBC said it had terminated a $219 million leverage facility it provided to BlueCrest Specialty Asset Finance, a fund run by UK hedge funds manager BlueCrest Capital Management. It was not immediately clear how much of […]
Tollgrade Communications challenges independence of nominees for board
Pittsburgh Tribune Review – Tollgrade Communications Inc. is challenging the independence of two nominees for seats on its board of directors because a dissident hedge fund group is paying them to run as part of its bid for control. Tollgrade, […]
DJ Gottex Fund Gets Investment, Advisory Mandate From Nestle –
TradingMarkets.com – Asset manager Gottex Fund Management Holdings Ltd. (GFMN.EB) said Thursday it has been awarded an investment and advisory mandate by Nestle Capital Advisers S.A. The investment management mandate applies to one of Nestle Pension Funds’ hedge fund portfolios; […]
Swiss Hedge Fund Manager’s Indice Tops Charts
HedgeCo.net (West Palm Beach) – Hedge fund performance specialist Alternative-Index Ltd., fully owned by hedge fund manager, Salus Alpha Group AG, reported that the Relative Value Index (RVX) is the top performing Alternative Investment Indices (AI-Index) in June 2009 with […]
Och-Ziff funds gain in June, but assets fall
Reuters – Och-Ziff Capital Management Group, a U.S. hedge fund giant banged up by last year’s market turmoil, said its funds continued their 2009 revival with June gains, although assets under management slipped once again. The New York firm estimated […]
Clock Ticking on Accord to Sell Good GM Assets
New York Times Blogs – In his court testimony on Wednesday in New York, Mr. Wilson — formerly a senior executive of Silver Point Capital, a hedge fund specializing in distressed-debt investments — described some of the negotiation process that […]
Viathon Capital Launches Credit Hedge Fund
HedgeCo.net (West Palm Beach) – Viathon Capital, LP has officially launched the Whitewater Master Fund, LP, a credit opportunity fund focused on non-correlated absolute returns. Employing a fundamental, credit-intensive research process in order to identify long and short investment opportunities […]
Hedge fund investors to demand more data
Reuters – Many hedge fund investors burned by last year’s market meltdown will likely demand a system of checks and balances in which outsiders keep a closer watch over assets, data released on Wednesday show. Pension funds, endowments and wealthy […]
Judge Names Receiver in Madoff Feeder Fund Suit
Law.com – Goodwin Procter partner David B. Pitofsky was appointed Monday as receiver of the $1.7 billion Ascot fund put together by financier J. Ezra Merkin, almost all of which was invested with Bernard L. Madoff and lost. Justice Richard […]
Feds raid 2 NY homes owned by Ohio hedge fund firm
Newsday – FBI agents have raided a pair of multimillion-dollar Buffalo-area homes owned by a hedge fund firm from Cleveland. Dozens of agents on Wednesday swarmed the neighboring properties in Hamburg, just south of Buffalo. The U.S. Attorney’s office isn’t […]
CIFSA calls for hedge funds dialogue
Caymen Net News – The Cayman Islands Financial Services Association (CIFSA) has addressed efforts to boost disclosure of information about hedge funds, and has cautioned that the move must be widely agreed and equally applied. Meanwhile, regulators at the Cayman […]
EU should regulate not demonise hedge funds-Sweden
guardian.co.uk – A minister for Sweden, which took over the EU presidency on Wednesday, said hedge funds and private equity firms needed regulation but should not be viewed as a primary cause of the global financial crisis. Speaking after a […]