Author Archives: the HedgeCo News Team
Hedge fund firm Polar assets fall, sees new inflows
Reuters – Hedge fund firm Polar Capital reported a fall in assets but has seen net inflows in recent months and said on Wednesday it was looking "more aggressively" at buying firms in distress. Polar said assets under management fell […]
Montier quits SocGen for hedge fund
Reuters – One of London’s top analysts, James Montier, has resigned from French bank Societe Generale to join a hedge fund, a source with knowledge of the situation said on Thursday. The source did not say which hedge fund has […]
Monier lenders approve restructuring deal
Reuters India – Lenders to French roofing company Monier Group have approved a restructuring deal that sees a group of debt investors take control of the company, a source with knowledge of the situation said on Thursday. The deal is […]
Millionaires’ club sees record drop
Globe and Mail – The ranks of the world’s millionaires shrank at the fastest rate in 2008, with North America suffering the biggest wealth loss worldwide, according to a survey by Capgemini SA and Merrill Lynch & Co. The global […]
China Should Buy Gold to Hedge Dollar Fall: Researcher
CNBC – Li Lianzhong, who heads the economic department of the Party’s policy research office, said China should use more of its $1.95 trillion in foreign exchange reserves to buy energy and natural resource assets. Speaking at a foreign exchange […]
Hedge-Fund Guy Points Toward Z-Shaped Recovery
Bloomberg – Dear investor, our statutory obligations demand that we update you on how well we’ve taken care of your money here at Coin-Toss Investment Management. Attached to this missive is a picture illustrating our fund’s performance this year, showing […]
Lawmaker accuses Fed of ‘over-up’ in BofA deal
Reuters – The Federal Reserve sought to hide its involvement in Bank of America Corp‘s (BAC.N) acquisition of Merrill Lynch as Merrill’s financial condition worsened, the top Republican on the House Oversight and Government Reform Committee said on Wednesday. The […]
CDC Invests $10 Million In Rabo Equity Advisors’ Agri Fund
VC Circle – UK fund of funds CDC Group Plc has committed $10 million to Rabo Equity Advisors’ India Agri Business Fund. This investment is part of CDC’s new investment policy which came into effect on January1, 2009, according to […]
Hedge Funds Must Be Prepared For Swine Flu Pandemic
Wall Street & Technology – Although talk of the swine flu has largely been out of the media for the past few weeks, a rush of new cases of the H1N1 virus is expected to hit financial centers in the […]
Bull Path Converts Hedge Fund Into Long Short Mutual Fund
West Palm Beach (HedgeCo.net) – Bull Path Capital Management recently announced the conversion of one of its long-short hedge funds into a long-short equity mutual fund the ‘Bull Path Long Short Fund’ (BPFCX). The newly launched mutual fund ranks #1 […]
UK, Sweden to advocate value of hedge funds, private equity
SmartBrief – Britain and Sweden, which takes over the EU’s rotating presidency on 1 July, agreed to work together to explain to other European nations the value of private-equity firms and hedge funds. The UK is concerned that one proposal […]