Category Archives: Developing Stories
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, […]
Hedge Fund Mergers and Acquisitions: Miles Howland/AW Jones
New York (HedgeCo.net) – New York based alternative investment management firm, Miles Howland & Co. LLC., (MHC) has finalized an agreement forming a joint venture with an established fund of funds manager, A. W. Jones Co. based in New York. […]
Activist Hedge Fund Challenges Board At Fisher Communications
New York (HedgeCo.net) – FrontFour Master Fund, Ltd., an affiliate of hedge fund investor FrontFour Capital Group LLC., has written a letter to the stockholders of Fisher Communications, Inc., criticizing the current board of directors and nominating new candidates. Fisher’s […]
Hedge Fund Backed Mega-Quarry Riles Up Local Farmers
New York (HedgeCo.net) – The Highland Companies, backed by Boston-based hedge fund Baupost Group, is seeing local opposition to its new Canadian mega-quarry plans. The group of protesters yesterday passed the half-way mark of their 5 day, 119 kilometer march. The group of residents, farmers […]