Category Archives: HedgeCo News
Brookville Capital Hedge fund bought by Morgan Stanley
HedgeCo.Net (New York) – Brookville Capital Management, a 4 year old hedge fund with less than ten employees and about $221 million in assets under management, has been bought by Morgan Stanley. Morgan Stanley has already acquired a large stock of […]
RJO Acquisition Includes $125 Million in Assets Managed by John W. Henry & Company, Inc.
HedgeCo.net ( New York ) — December 5, 2006 — R.J. O’Brien and Associates, Inc. (“RJOâ€Â), the nation’s largest independent futures brokerage, announced today that it has acquired substantially all of the assets of Refco Commodity Management, Inc. (“RCMIâ€Â), which […]
Hegde Fund Clones
HedgeCo.Net (New York) – Goldman Sachs has set up a hedge fund replication tool in a move that could lead to a shake-up of the $1,300bn hedge fund industry. With a minimum investment of £10.00 ($19.87)and £10.00 Issue Price, […]
Tremont Capital Management Initiates Hong Kong Hedge Fund of Funds
PR Newswire UK – Tremont Group Holdings, Inc., a leading investment manager of fund of hedge fund products and multi-manager portfolios, and the parent of Tremont Capital Management Limited,the firm’s London-based European hub, today announced the roll out of its […]
The Bank of New York Company, Inc. and Mellon Financial Corporation Agree to Merge, Creates the Global Leader in Securities Servicing and Asset Management
NEW YORK and PITTSBURGH, December 4, 2006 – The Bank of New York Company, Inc. (NYSE: BK) and Mellon Financial Corporation (NYSE: MEL) announced today they have entered into a definitive agreement to merge, creating the largest securities servicing and […]
Nomura launches Fund of Funds in Ireland
HedgeCo.Net (New York) – Garry Topp, a director at Nomura International said on Thursday that the company hoped to raise more than $100 million for a new open-ended global fund of funds invested in property securities which offered investors downside protection. Based […]
Judge Favors Hedge Funds in Company Sale
HedgeCo.Net (New York) – Delaware Vice Chancellor Stephen Lamb ordered Metromedia International Group Inc. to hold a shareholder vote on its plan for asset sale. The deal follows years of lawsuits among its 20% owner, John Kluge, and 18% owner […]
Research shows Big Gains in ’07 for Hedge Funds
HedgeCo.Net (New York) – Hedge funds, which control about $1.3 trillion in assets worldwide, have attracted $44.5 billion in the third quarter, the most since at least 2003, Hedge Fund Research said last month. Hedge funds are becoming more institutionalised and have begun […]
IncreMental Conference on Asset Classes
HedgeCo.Net (New York) – IncreMental Advantage, LLC announced today that they will be holding their first conference on due diligence for board members and fiduciaries of pension funds, endowments and foundations on February 6, 2007 at the Harvard Club in […]
HedgeCo Announces Launch of HedgeCoWebsites.com
HedgeCo Website Creation extends its track record of first-class website design and corporate branding services to the hedge fund community; 150th compliant hedge fund website goes live New York, New York– November 29, 2006 – HedgeCo Website Creation (HWC), a […]
Hedge Funds and Artificial Intelligence
HedgeCo.Net (New York) – Investment firms have increasingly begun exploring mathematics to it fullest, as arbitrage opportunities disappear so quickly now, neural networks have emerged thatcan consider thousands of scenarios at once. Ray Kurzweil, an inventor and new hedge fund manager, said […]
Judge holds Hedge Fund manager in Contempt of Court
HedgeCo.Net (New York) – U.S. District Judge Kenneth Ryskamp in West Palm Beach ruled that John Kim, 38, head portfolio manager of collapsed West Palm Beach hedge fund firm KL Group, was in contempt of court for allegedly defying an […]