Category Archives: HedgeCo News
Hedge Funds in Swaps Face Peril With Rising Junk Bond Defaults
Bloomberg – It’s Friday, March 14, and hedge fund adviser Tim Backshall is trying to stave off panic. Backshall sits in the Walnut Creek, California, office of his firm, Credit Derivatives Research LLC, at a U-shaped desk dominated by five […]
Wachovia, Fifth Third had losses in Citi hedge fund
Reuters – Wachovia Corp said on Monday it has had significant losses from a Citigroup hedge fund, joining Fifth Third Bancorp, which disclosed its loss in an April lawsuit. Wachovia spokeswoman Christy Phillips-Brown said a $315 million write-down the bank […]
Delphi sues hedge fund after backing out of deal
West Palm Beach (HedgeCo.Net) – One month after Appaloosa Management backed out of a $2.55 billion deal to help lift Delphi out of Chapter 11, the Troy auto parts supplier is suing the hedge fund for damages. "Our efforts to […]
Hedge Funds Rally in December, Post Record Losses on the Year
New York (HedgeCo.Net) – Although hedge funds finished up 2008 with some of the worst numbers to date, they showed some signs of promise in December. According to the latest research by the Hennessee Group LLC, a New York-based advisor […]
HFG Investment Launches The HFG Korea Fund
Hong Kong 7th January 2008 – HFG Investments Pte Ltd, a Singapore-based joint venture established last year between Hana Daetoo Securities Co. Ltd, a member company of the Hana Financial Group, and Opvs Investment Holdings Ltd, launched its inaugural fund […]
Activist Hedge Fund Costa Brava Fails in Suit Against Telos Corporation
Ashburn, Va. – January 7, 2008 – The Circuit Court for Baltimore City today dismissed with prejudice all shareholder claims of wrongdoing against Telos, a Maryland Corporation, and its present and former directors and officers brought by activist hedge fund Costa […]
SEC Publishes Text of Rand Report on Investment Adviser
Washington, D.C., Jan. 3, 2008 – The Securities and Exchange Commission has received and posted on its Web site the text of the RAND Corporation’s final report on practices in the investment adviser and broker-dealer industries. The Commission has been […]
Blackstone and Citadel looking at stakes in Australia
HedgeCo.Net- The Australian Financial Review reported that US hedge funds Blackstone and Citadel have both flown teams into Australia to discuss buying a stake in troubled shopping centre owner Centro Properties Group. Australian institutions including AMP, Colonial First State and […]
Dow Jones Top Hedge Fund Trades of 2007
Dow Jones Hedge Fund Trades announced in a a press release today the annual list of the best and boldest hedge fund moves. Among the top hedge fund trades were two deals by Atticus Management, which resulted in a collective […]
South African Hedge Fund Index Returns 15.56%
West Palm Beach (HedgeCo.Net)- The South African Times reported that their hedge Fund Index returned 15.56% over one year to November, while the month-on-month growth rate dipped by 1.67%. Director of Clade Investment Management Gavin Goldblatt said, “The volatility […]
Hedge Fund Makes Long-Term Investment in Santa Fe Holdings
HedgeCo.Net- Santa Fe Holding Company, the parent company of Santa Fe Cattle Co., announced today that two hedge funds with assets totaling more than $4 billion dollars under management have purchased $2 million dollars of restricted stock from the company. […]