Monthly Archives: May 2008
Drake to shut down largest hedge fund
West Palm Beach (HedgeCo.Net) – After a much publicized debate on their troubled hedge funds, Drake Management will shut down their $2.5 billion Global Opportunities Fund, according to a letter to investors. Drake had suspended redemptions in December, after the […]
Och-Ziff reports quarterly net loss on IPO costs
Market Watch – Och-Ziff reported a first-quarter loss of $268.1 million versus a profit of $85.2 million, a year earlier, due to $425.6 million of expenses related to the company’s IPO in November. The New York-based hedge fund firm posted […]
HFR Hedge Fund Index Rebounds in April After Decline in March
Bloomberg – Hedge fund returns rebounded in April after starting the year with the worst performance in nearly two decades, according to early results from Hedge Fund Research Inc. Overall hedge fund returns increased 1.5 percent for the month ended […]
Basis hedge fund denied liquidation in Caymans
West Palm Beach (HedgeCo.Net) – Basis Capital Funds Management will not have the luxury of liquidating its failed fund in the Cayman Islands. The Australian based company, whose Basis Yield Alpha fund was domiciled in the Caymans, originally sought U.S. […]
Regulators: ‘Fund Manager’ Was a Fraud
Business Week – It’s official: Robert J. Sucarato wasn’t much of a hedge fund manager after all, regulators say. In a civil lawsuit, regulators charge Sucarato lost much of the money he solicited from investors, and he raised that money […]
Alternative Investor Sounds an Alarm On Smaller Mining Operators
In a report published on the 29th of May 2007, alternative investor F&C outlined the risks to mining companies from failure to apply environmental, social and governance (ESG) practices to their independently-managed operations. According to Karina Litvack, Head of the […]
Man Group to list hedge fund on NYSE
Boston Globe-Man Group PLC, the world’s largest hedge-fund manager, plans to list a hedge fund on the New York Stock Exchange in its latest push to raise money from U.S. investors. The move highlights a broader trend of hedge-fund managers […]
Hedge Fund’s New Frontier: Art
National Post- In the face of a spectacular run-up in global markets, savvy investors are plunking down dollars in more unconventional assets. And, in some cases, they are using complex, perhaps daring and dangerous, methods to maximize their bucks. Take […]
Hedge Fund Manager Pleads Guilty to Fraud
Reuters- The founder of the defunct hedge fund Wood River Capital Management pleaded guilty in federal court in Manhattan on Wednesday to defrauding investors of $88 million (44 million pounds). John Whittier, 40, pleaded guilty to securities fraud and failing […]
Hedge Fund Gala Raises 51.7Â Million For Children
This year’s ARK (Absolute Return for Kids) 2007 Gala Dinner at Marlborough House on Pall Mall, London had a spectacular light, video and laser show, with Prince as the main act, many companies pitched in to raise an amazing £26.2 […]
Hedge Fund Platform Expands To India
CacheMatrix Holdings, LLC today announced the creation of CacheMatrix India, a wholly-owned and fully-integrated subsidiary based in Bangalore, India. In the first five months of 2007, hedge fund platform CacheMatrix has more than doubled its client base, which includes several […]
Hedge Fund Managers Launch Artemis Capital Partners
Don Kurz and Salomon Konig have announced the launch of Artemis Capital Partners LLC, a hedge fund formed to offer structured products designed to deliver significant portfolio diversification and exceptional risk-adjusted returns, according to a press release today. Artemis combines […]