Category Archives: Developing Stories
Paulson Hedge Fund Drops Sino-Forest
New York (HedgeCo.net) – According to regulatory filings a former Sino-Forest Chief Executive Officer and other insiders sold C$81 million ($83 million) of shares since the end of 2006, Bloomberg reported this morning. Hedge fund firm Paulson & Co., said they […]
Falcone’s Hedge Fund Project To Support Hurricane Irene Relief
New York (HedgeCo.net) – Billionaire hedge fund manager Philip Falcone’s new satellite internet venture, LightSquared, and mobile satellite communications provider, Inmarsat, announced that they have coordinated resources to ensure that emergency services customers have reliable access to essential satellite communications […]
Hedge Fund Investor AIM Places $1 Million In Frontier Markets
New York (HedgeCo.net) – Emerging markets hedge fund company AIM Investments PLC (“AIMI”) has closed a $1 million strategic investment through a private placement with Farm Lands of Guinea, Inc. (“FLGI”l), which controls a quarter of a million acres of […]
Hedge Fund Wireless Internet Meets Industry Resistance
New York (HedgeCo.net) – Hedge fund manager Philip Falcone’s new satellite internet venture, LightSquared, is seeing resistance from the European Space Agency. The hedge funded project last month outlined a solution to the problem of interference with US GPS receivers, […]
Man Buys Lehman Exposure For $355 Million, Cash
New York (HedgeCo.net) – Hedge fund Man Group has paid $355m to take over all residual exposure to Lehman Brothers from funds acquired when it bought GLG last year. “These transactions will remove the remaining uncertainty from funds with residual claims against […]
AIMA: Hedge Funds Not A Risk To Financial Stability
New York (HedgeCo.net) – As the Financial Stability Oversight Council mulls over who will be subjected to higher levels of regulatory scrutiny, the Alternative Investment Management Association (AIMA) today re-iterated its belief that no hedge fund manager based or operating […]
Hedge Fund Moves: Man expands AHL presence to create standalone CTA trading team in Hong Kong
New York (HedgeCo.net) – Hedge fund giant Man Group plc has expanded it’s Hong Kong AHL division – Man’s quantitative managed futures manager – to 11 (from five), making it one of the first and largest CTAs to create a […]
The Mets And The Madoff Hedge Fund Scheme
New York (HedgeCo.net) – In the upcoming May 30th issue of The New Yorker, the article by Jeffrey Toobin, “Madoff’s Curveball”, covers the the money Fred Wilpon, the chairman and chief executive of the New York Mets, lost in Madoff’s hedge […]
Hedge Fund Managers, The Mayor And Republicans Join The Fight For Same Sex Marriage in NY
New York (HedgeCo.net) – A group of three hedge fund managers, Paul E. Singer, a “top-tier Republican donor,” Steven A. Cohen and Clifford S. Asness have decided to back, financially and otherwise, the establishment of same-sex marriage in the state of […]
Hedge Fund Conviction: Rajaratnam News Roundup
New York (HedgeCo.net) – The Sri Lankan-born American who founded the hedge fund Galleon Group, a New York-based management firm, was found guilty on all 14 counts of conspiracy and securities fraud yesterday. Bloomberg – The hedge fund co-founder will appeal […]
Evolved Alpha Opens Flagship Hedge Fund to New Investors
New York (HedgeCo.net) – Evolved Alpha’s flagship Multistrategy hedge fund is opening to new investors following their first year of operations. “Performance has been strong; with the Multistrategy share class up 5% year-to-date, while showing little correlation to beta benchmarks […]
Las Vegas ‘SALT’ Hedge Fund Conference 2011 Sold Out: George W Bush, Gordon Brown
New York (HedgeCo.net) – The SkyBridge Alternatives (SALT) Conference, which will convene 1,500 participants including global leaders, capital allocators and hedge fund managers at the Bellagio Resort & Casino in Las Vegas May 11 to 13, 2011, has sold out, […]