Author Archives: Editor
Investcorp Acquires Approximately $250 Million In Real Estate
New York (HedgeCo.Net) – Investcorp, the $11 billion hedge fund manager, is expanding its U.S.-based real estate arm. Through separate transactions, Investcorp has acquired a portfolio of office and industrial properties in Durham, NC, Seattle, WA and Jacksonville, FL for […]
Sears borrows $400 million from CEO’s hedge fund
MarketWatch – Sears Holdings Corp. is borrowing $400 million from Chief Executive Edward Lampert’s hedge fund, giving the retailer an infusion for the holidays after it burned through cash over the summer. The loan is being made by entities affiliated […]
Goldman Sachs’s Oryza Asia Hedge Fund Said to Top $1 Billion
Bloomberg – Goldman Sachs Investment Partners, set up to allow clients to invest with some of the bank’s top proprietary traders, raised about $1 billion for its first Asia hedge fund, said two people with knowledge of the matter. The […]
CalPERS Criminal Prosecutions Needed To End Public Pension Fraud
Forbes – Yesterday a federal grand jury indicted two former top officials of CalPERS, the nation’s largest public pension fund on fraud, conspiracy and obstruction charges. Three years after the “pay-to-play” influence peddling scandal surfaced at the $225 billion fund, […]
TMF Custom House Fund Services Launches New Platform In Conjunction With AIFMD Reqirements
New York (HedgeCo.Net) – Hedge fund service provider TMF Custom House Fund Services, announced that it is now offering clients a depositary lite, or ‘Depo Lite,’ platform to support alternative investment managers marketing their funds in Europe to fulfill their […]
CalPERS Eliminates Hedge Fund Program
New York (HedgeCo.Net) – The $300 billion California Public Employees’ Retirement System (CalPERS) announced that it will eliminate its hedge fund program, known internally as the Absolute Return Strategies (ARS) program, as part of an ongoing effort to reduce complexity […]
Eurekahedge: Hedge Funds Up 4.16% YTD
New York (HedgeCo.Net) – The latest issue of The Eurekahedge Report focuses on the US$275 billion UCITS hedge fund industry along with our regular coverage of monthly returns, performance and asset flows. Highlights from this month’s report: Hedge funds are […]
Sears Borrows $400 Million From Affiliates of CEO Lampert’s Hedge Fund
WSJ – Sears Holdings Corp. is borrowing $400 million from Chief Executive Edward Lampert’s hedge fund, giving the retailer an infusion for the holidays after it burned through cash over the summer. The loan is being made by entities affiliated […]
Hedge fund prize offers $1 million to cure…aging?
CNBC – A hedge fund manager is the latest to embark on one of the most ancient of human quests: immortality. Joon Yun, president of $1 billion health care-focused Palo Alto Investors, announced a new prize last week that will […]
Hedge Fund for Dummies
Chicago News – Ann C. Logue’s “Hedge Funds for Dummies” sets out to tell readers what they need to know about hedge funds in a simple manner, whether the investment is personal, for an endowment, or a foundation. Logue geared […]
Olive Garden to hedge fund: Hands off our breadsticks!
LA Daily – Olive Garden is defending its practice of giving customers as many breadsticks as they want, saying the policy conveys “Italian generosity.” The remark is part of a response by the chain’s parent company, Darden Restaurants Inc., to […]
Fitch Report On Hedge Fund Reinsurance
New York (HedgeCo.Net) – Fitch reports today that newly formed hedge fund reinsurers are unlikely to achieve an Insurer Financial Strength rating in the ‘A’ category under Fitch Ratings’ methodology. This is due to both general constraints applied to start-up […]