Category Archives: HedgeCo News
Citigroup Exec Quits to Launch Hong Kong Hedge Fund
New York – Ajay Kapur, a top Citigroup executive is leaving the firm to found his own hedge fund, according to reports. Kapur is returning to Hong Kong, where he has residency rights, to set up a hedge fund called […]
Disclosure Ruling Has Hedge Funds Retreating
New York – Judge Allan Gropper of the U.S. Bankruptcy Court in New York this week ordered a group of hedge funds that were demanding the formation of a shareholders committee to disclose all of their holdings in the airline, […]
Ritchie to Sell Flagship Hedge Fund
New York- Ritchie Capital Management Ltd has been struggling for two years now with below-average returns and the word is out that the company plans to sell its flagship hedge fund to equal partnersin the venture, Reservoir Capital Group and […]
Hedge Fund Shareholders Withdraw from Northwest Deal
New York – Hedge fund shareholders withdrew their motion to have a say in the payment deals after the Northwest Airline Corp reorganization, surprising U.S. Bankruptcy Judge Allan Gropper. The hedgefund committee claims that Jugde Gropper has not allowed an […]
Hedge Funds Looking For Direct Access to MTS
New York-Following reports that hedge funds such as Citadel and Vega are trying to gain direct access to the pan-European bond exchange network MTS, the European Primary Dealers Association (EPDA)reported that it has not yet decided whether to allow third […]
Hedge Fund Mega-Investor Expands To U.S.
In a effort to strengthen its presence in the United States, BNP Paribas Securities Services announced that it has expanded its hedge fund administration operations to include services within the United States. BNP Paribas has EUR 570 billion ($754.8 billion)in […]
R. J. O’Brien Revenues Up Again – Poised to Pursue Acquisitions
HedgeCo.net – CHICAGO, February 28, 2007 — R.J. O’Brien and Associates, Inc. (RJO), the nation’s largest independent futures brokerage, announced today that its revenues climbed 30% during the fourth quarter of 2006, as compared with the fourth quarter 2005 results. […]
Industry leaders gather for Hedge Funds World Conference in Dubai
HedgeCo.Net (New York) – The 8th annual Hedge Funds World Middle East Conference is being held at the Madinat Jumeirah in Dubai. Sponsored by Man investments, the event will play host to some of the biggest names in the alternative […]
DaimlerChrysler Wary Of Possible Hedge Fund Takeover
HedgeCo.Net (New York) – DaimlerChrysler announced this month it was considering all options for Chrysler, including a split, but withoutChrysler, the Daimler group could be more of a takeover target for hedge funds. According to CNN Money, the likelihood of […]
British Rail Pension Fund Plans to Invest One Billion In Hedge Funds
HedgeCo.Net (New York) – Railpen, one of the largest pension funds in Britain with £18 billion ($35.3 billion) in assets under management is planning to move at least £540 million ($1 billion) into hedge funds this year. Chris Hitchen, Railpen […]
MFA Applauds PWG and Supports Principles and Guidelines
HedgeCo.net – WASHINGTON, D.C., February 22, 2007 — Managed Funds Association (MFA) said today it applauds the announcement by Treasury Secretary Paulson, chairman of the President’s Working Group (PWG), and supports the PWG’s unanimous agreement on setting forth a common […]
Hedge Fund Manager Charged With Fraud
HedgeCo.Net (New York) – A Washington hedge fund manager has been charged with defrauding Maryland investors of $9 million by soliciting moneyfor his hedge funds, LaJon Corp, LaJon Capital Management, LaJon Capital Advisors and LaJon Capital Fund. Attorney General Douglas […]