Author Archives: the HedgeCo News Team
Aozora Posts 242.6 Billion Yen Loss on GMAC, Hedge Fund Losses
Bloomberg – Aozora Bank Ltd., the Japanese lender controlled by Cerberus Capital Management LP, posted its first loss in a decade, after investments in U.S. lender GMAC LLC and Bernard Madoff soured. The bank booked a 242.6 billion yen ($2.5 […]
Credit Suisse/Tremont Hedge Fund Index White Paper Review
West Palm Beach (HedgeCo.net) – Convertible Arbitrage: Shifting Gears (more found here at HedgeCo/blogs) discusses the strategy’s ability to generate positive returns both during the declines in equity markets in January and February, as well as during the global market […]
SEC Proposes to Further Strengthen Safeguards of Investor Funds
West Palm Beach (HedgeCo.net) – The SEC has proposed rule amendments to substantially increase protections for investors who entrust their money to investment advisers, hedge funds and FoHF’s. The SEC is seeking public comment on the proposed measures, which are […]
Forzani Group rejects hedge fund\’s proxy demands
Reuters – Forzani Group recommended on Thursday that shareholders oppose a bid from a New York-based hedge fund attempting to nominate its own members to the board. The Canadian sporting-goods retailer said Crescendo Partners, which owns about 5 percent of […]
Hedge funds wary of US govt
Straits Times – Hedge fund executives at the conference said Mr Obama’s deal undercut bankruptcy court rules that have long given priority to secured lenders. The White House move and its combative stance with hedge funds may keep some managers […]
Indea Hedge Fund Plans to Buy, Not ‘Panic,’ on Polls
Bloomberg – Indea Capital Pte, an India-focused hedge fund that manages about $300 million, plans to buy shares even if India’s election results disappoint investors, said Chief Investment Officer Raj Mishra. The ruling Congress party-led coalition and the main opposition-led […]
‘Hedge Fund Man’ for next president
Pottstown Mercury – I have seen the future of conservatism and … he is a hedge fund manager. I refer to hedge fund manager Clifford S. Asness, and I’m only halfway kidding. Or maybe I’m not kidding at all. The […]
Ye Starts Own Fund After Leading Pinpoint Hedge Fund’s 71% Gain
Bloomberg – Fion Ye, who led the Pinpoint Rising China Fund to a 70.9 percent gain last year, has started a new asset management company aiming to profit from the country’s growing sway over global commodity markets. Ye and former […]
Ex Hedgie To Build and Run World’s Largest Solar Project
West Palm Beach (HedgeCo.net) – Former hedge fund manager, Mitchell Dong, and his new company, Mohave Sun Power, LLC, has announced plans to build a solar project, operating what it says will be the world’s largest solar-thermal power plant on […]
Indian-American gets 10-year jail for $12.5 mn fraud
Siliconindia.com – An Indian-American investment adviser has been sentenced to 10 years in prison following his conviction on 20 counts of fraud with a scheme that bilked 15 investors of $12.5 million. Amit Mathur, 38, of Shrewsbury, Massachusetts, was also […]
Chemed spars with hedge fund over board nominees
Reuters – Hospice-care provider Chemed Corp, which also offers plumbing services under the Roto-Rooter brand, is urging shareholders to reject a hedge fund’s proposal to nominate five dissident directors to Chemed’s board. Chemed has asked shareholders to discard proxy cards […]