Author Archives: the HedgeCo News Team
SEC’s Salvo In The New War Against Insider Trading & Credit Default Swaps
24/7 Wall St. – According to a civil suit filed today by the Securities Exchange Commission in the Southern District Court of New York, John-Paul Rorech, a bond salesman at Deutsche Bank Securities, and Reanto Negrin, a former portfolio manager […]
Hedge fund manager lashes back at Obama on Chrysler
Reuters – Prominent hedge fund manager Clifford Asness has struck back at the Obama administration, saying hedge funds had the right and responsibility to hold out on last week’s Chrysler LLC restructuring deal. "Managers have a fiduciary obligation to look […]
HK tops Asia hedge funds
Hong Kong Standard – Hong Kong remains the largest hedge fund center in Asia, with managers in the city overseeing US$22 billion (HK$171.6 billion) in assets as of December 2008, the Alternative Investment Management Association Hong Kong said. The city […]
Brazil Hedge Funds Miss Rally by Sticking to Debt
Bloomberg – Brazilian hedge funds that survived the Bovespa stock index’s record tumble last year by loading up on debt are missing out on a 2009 rally. All four classes of Brazilian hedge funds, known as multimercados, had a weighted […]
Rules to cost UK hedge funds up to 3 bln stg-study
Reuters – A proposed EU directive to regulate fund managers will cost the UK hedge fund industry up to 3 billion pounds ($4.5 billion) to implement in the first year, a sector consultancy said on Monday. Kinetic Partners said the […]
Hedge Fund Manager Released to Parents Custody
West Palm Beach (HedgeCo.net) – The Connecticut-based hedge fund manager who had his assets frozen by the SEC last month, Francesco Rusciano, was released to the custody of his parents on a $500,000 bond after a federal court hearing. According […]
Einhorn’s Greenlight Hedge Fund Purchases Ford Debt
Bloomberg – Greenlight Capital Inc., the hedge- fund firm run by David Einhorn, added to its holdings of Ford Motor Co. debt in the first quarter and invested in EMC Corp., Harman International Industries Inc. and Pfizer Inc. The hedge […]
Bill omits Guantánamo closure funds
Miami Herald – The Obama administration’s bid for $50 million to move prisoners from the Guantánamo Bay detention facility was left out of the Democratic-authored emergency war spending bill unveiled Monday. Defense Secretary Robert Gates had sought the funds in […]
Market turmoil seen fueling hedge fund launches
Reuters – A wave of hedge funds are being launched this year by traders as the financial crisis fuels a shakeout of talent from Wall Street banks and big investment firms, an industry executive said. Record redemptions last year prompted […]
Gottex says buys SJC Capital Partners
Forbes – Gottex Fund Management Holdings Ltd has bought a controlling interest in SJC Capital Partners, a U.S.-based investment management firm. The fund of hedge funds provider said SJC founder and Chief Investment Officer Stephen Czech and his team would […]