Author Archives: the HedgeCo News Team
Hedge fund firm Polar Capital says assets $1.54 bln
Reuters – Hedge fund firm Polar Capital said on Wednesday that its assets under management had fallen to $1.54 billion at end-May compared with $3.1 billion at end-March 2008. The firm said pretax profit for the year to March 31 […]
SEB fund arm plans credit hedge fund
Reuters – The fund management arm of Swedish banking group SEB is planning to launch a global credit hedge fund in the autumn to take advantage of mis-pricing opportunities in the credit markets. Peter Branner, global head of investment management […]
Madoff asks for 12 years for Ponzi conviction
Denver Post – Bernard Madoff asked a federal judge this week to sentence him to as little as 12 years in prison after he pleaded guilty earlier this year to operating a massive, decades- long Ponzi scheme. In a letter […]
Cayman Islands and Ireland Sign Tax Information Exchange Agreement
West Palm Beach (HedgeCo.net) – The Cayman Islands Government signed a Tax Information Exchange Agreement (TIEA) with Ireland at a ceremony held at the British Embassy in Berlin. Signing the agreement on behalf of the Cayman Islands was the Leader […]
BlueMountain to post record returns
Financial Standard – US-based hedge fund BlueMountain Capital Management hopes its forecast 20 per cent plus returns, lower fees and new liquidity rules will appeal to local super funds allocating new money into alternative strategies. Hedge funds are a hard […]
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 […]
REFILE-Activist funds ditch Japan, leave governance void
Interactive Investor – The retreat of two high-profile activist funds from Japan underscores the difficulties such funds face in squeezing value from their investments and raises worries about lax corporate governance in the world’s second-biggest economy. The Children’s Investment Fund […]
Cayman proposes greater hedge fund disclosure
Reuters UK – The Cayman Islands, home to most of the world’s hedge funds, is planning to reveal more information about them, the country’s regulator told Reuters, as pressure on the secretive industry rises. The Cayman Islands Monetary Authority (CIMA) […]
Execution LLC Opens New York Office
West Palm Beach (HedgeCo.net) – Execution LLC, an agency-only global broker dealer, today announced that it has opened a New York office as part of its long-term US growth plan. Execution’s new office is located at 450 Park Avenue and […]
Hedge fund tosses Tibco for memory virtualization startup
SearchDataCenter.com – A large, worldwide hedge fund company needed to reduce its server memory latency to keep investors from experiencing costly trading delays. It found the answer from the small Oregon-based software startup RNA Networks and is using their technology […]