Category Archives: HedgeCo News
MFA Comments on SEC’s Proposed Accredited Natural Person and Antifraud Rules
HedgeCo.net – WASHINGTON, D.C., March 12, 2007 — Managed Funds Association (MFA) submitted a comment letter to the Securities and Exchange Commission (SEC) on Friday, March 9,2007 in response to its request for comments regarding its proposed rules on “Accredited […]
Thales Launches 130/30 Strategy
HedgeCo.net – New York, NY, March 10, 2007 – Thales Fund Management is formally announcing the launch of the Leros Fund — a quantitatively managed 130/30 strategy designed to match or exceed the returns of broad-based US equity indices with […]
New Hedge Fund Platform
SuperDerivatives announced the launch of First Cross-Asset, Turnkey Derivatives Platform for Hedge Funds and Asset Managers. SD-Funds said in a press release that the platform is a breakthrough in hedge-fund technology. It includes all pre-trade and post-trade activities with features […]
Major Shareholder Hedge Fund Buys Company
ValueAct Capital Management, a group of hedge funds based in San Fransisco, announced yesterday that they have agreed to buy Catalina Marketing Corp at $1.7 billion in cash or $32.10 a share, a 7.5% premium over the company’s closing price […]
Hedge Fund N I R Group Scores Highest Percent Increase
As combined assets at the largest U.S. hedge funds finally crossed the trillion-dollar mark, some are doing better than others. According to the bi-annual hedge fund survey by industry publication, Absolute Return, N.Y. based NIR Group scored the biggest increase […]
Hedge Funds To Oust “Grand Theft Auto” CEO
Shares in the makers of the video game “Grand Theft Auto”, Take-Two, shot up nearly 8%, from $1.34, to $18.95 yesterday. The increase came immediately after investors including Steven Cohen’s SAC Capital Advisors LLC and David Shaw’s D.E. Shaw & […]
IMA Answers Call From US Trasury Official
London 7th March 2007. The Alternative Investment Management Association (AIMA), the leading global hedge fund and alternative investment industry association today responded to a call from a US Assistant Secretary of the Treasury on hedge fund valuations. Addressing the […]
Hedge Fund Citadel Buys Bankrupt Company
New York – Citadel Investment Group has topped Credit Suisse in an auction, agreeing to pay about $180 million for bankrupt ResMAE Mortgage Corp. Citadel, a $13.4 billion Chicago-based hedge fund, said they will allow ResMAE, the bankrupt subprime mortgagelender, to […]
Hedge Funds Driving Bank Stocks Up 50%
New York – Hedge funds have acquired around 7% in Landesbank Berlin, the hedge funds hope to profit following the sales process, as the new majority stakeholder will be obliged to make minority shareholders a buyout offer, a report said. […]
Survey Shows US Hedge funds to Hold $1,200 Billion In Assets
New York- The biannual survey of US hedge funds shows that 241 firms, each managing more than $1bn, held a combined total of nearly $1,200bn as of January 1. According to a new survey conducted by Absolute Return magazine, money […]
Hedge Fund Manager Merger Creates the World’s No 2 Visitor Attraction Company
Some of the biggest brand names in the global theme park market today announced a partnership of two rapidly growing businesses, The TussaudsGroup and Merlin Entertainments Group, making them the world’s secondbiggest attractions operator after Disney.Merlin EntertainmentsGroup is known for […]
High Fees Reduce the Attractiveness of Hedge Funds
A recent study on the effect of the fees that hedge funds charge, “Portfolio Efficiency With Performance Fees,†was conducted by Mark Kritzman, president and chief executive of Windham Capital Management, a Boston-based money management firm. Mr. Kritzman’s article shows […]