Tag Archives: hedge fund
Et-China soars after Kuoni buys hedge fund’s 31.8 pct stake in company
Proactive Investors UK – Shares in Et-china.com International Holdings LTD (AIM: ETC) got an enormous boost today from news that Kuoni Travel Holding Ltd has bought the 31.8 percent stake in the company that was held by hedge fund Gandhara […]
Hedge Fund Expert to Run ATC’s Cayman Operations
West Palm Beach (HedgeCo.net) – Ali Mudeen has joined hedge fund provider ATC Group as managing director of its Cayman Islands operations. Mudeen will oversee and build the firm’s Private Clients and Corporate Services practices in the region, as well […]
No hedge fund now poses systemic risk-LTCM partner
Guardian.co.uk – No single hedge fund today poses a systemic risk to the global financial system, said a former partner at Long Term Capital Management (LTCM), as lawmakers continue to hammer out rules to control the industry. Even though many […]
Fairfield Sentry sues hedge fund over Madoff fees
Greenwich Time – Fairfield Sentry Ltd., seeking to recover more than $919 million in fees related to investments involving Bernard Madoff, sued the Fairfield Greenwich Group hedge fund that lost $7 billion in Madoff’s fraud. Fairfield Sentry, based in the […]
Bank ‘oligopoly’ slows CDS clearing-BlueMountain
Reuters – Large dealers in the $26 trillion credit default swap market are blocking CME Group’s CME.N efforts to clear trades, in a bid to retain their "oligopoly" over the market, hedge fund BlueMountain Capital Management said on Monday. Central […]
StarInvest Acquires Hedge Fund Provider EXX
West Palm Beach (HedgeCo.net) – Stock transfer agency, StarInvest Group, Inc (STIV) has completed the acquisition of a privately held hedge fund provider EXX.COM. “This acquisition will unleash the value of STIV management, and relationships in our effort to grow […]
Hedge funds face serious trimming
Crain – For years, Dan Loeb was the hedge fund world’s hanging judge, firing off blistering letters to hapless chief executives that condemned them for their shortcomings. “Do what you do best,” he hissed in a 2005 letter to a […]
Boaz Weinstein Said to Raise $160 Million for Saba Hedge Fund
Bloomberg – Boaz Weinstein, the bond trader who lost more than $1 billion last year at Deutsche Bank AG, has raised about $160 million since the end of April for his new hedge fund, according to two people familiar with […]
Hedge funds take aim at Florida real estate
Tampa Bay Online – Some consider them good capitalists. Others see them as opportunists. Still others call them vultures. Whatever the name, hedge fund investors likely will be major players in Florida real estate in the next few years, buying […]
Hermes wants more fund transparency
Reuters UK – Pension fund manager Hermes has called for a shake-up of the hedge fund industry, demanding greater transparency and fee structures closer aligned to performance. The asset manager, which runs BT’s giant pension fund, said it wanted to […]