Monthly Archives: June 2007
$3 Billion Hedge Fund Hires New Manager
West Palm Beach (HedgeCo.Net)- Henderson Global Investors, the independent asset manager with over £61 billion ($121.9 billion) under management, has appointed a new sales manager for their $3 billion hedge fund division. Jill Hodges joined last week and will report […]
Democrats Introduce Legislation to End Carried Interest
HedgeCo.net – U.S. Representative Sander Levin (D-MI), was joined by Chairmen Charles Rangel and Barney Frank as well as Ways and Means Committee Members Reps. Pete Stark, Jim McDermott, John Lewis, Richard Neal, Earl Pomeroy, Stephanie Tubbs Jones, John Larson, […]
AltEdge Capital launches new Decorrelated Fund of Hedge Funds
HedgeCo.net – London, June 20, 2007 – AltEdge Capital, the hedge fund of funds manager, has launched a new fund of hedge fund portfolio on June 1st, 2007. The new fund, AltEdge Decorrelated, is designed to offer investors a correlation […]
Unions Say No to Hedge Funds
Forbes- International trade union leaders on Thursday warned pension funds not to invest in private equity and hedge funds, saying they frequently hurt workers and avoid tax. The International Trade Union Confederation – the world’s largest union group representing 168 […]
Deutsche Bank Launches Hedge Fund Consulting Business
New York (HedgeCo.Net)- Deutsche Bank Securities Inc. announced plans to launch a hedge fund consulting business. John Budzyna has joined as a managing director and head of hedge fund consulting within the bank’s Global Prime Finance business. At Deutsche Bank, […]
World Trade Union Leaders Warn Pension Investors Off Hedge Funds
International Herald Tribune- International trade union leaders on Thursday warned pension funds not to invest in private equity and hedge funds, saying they frequently hurt workers and avoid tax. The International Trade Union Confederation  the world’s largest union group […]
For Schumer, the Double-Edged Sword of Cozying Up to Hedge Funds
New York Times- They are not normally a shy group, the hedge fund managers, private equity titans and Wall Street executives whose net worth has suddenly become a national issue. But last spring, when a group of them gathered at […]
Deutsche Bank, Hedge Funds Fined E6.25m ($8.3 million)
Financial Times- France’s financial watchdog has fined Deutsche Bank and four hedge funds a total of €6.25m after an insider trading probe in relation to a bond issue by Vivendi, the French media andtelecoms group. The Autorité des Marchés Financiers […]
Hedge Fund Contracts Acquisitions Group For Billion Dollar Project
New York (HedgeCo.Net)- New York hedge fund Fairhills Capital has entered into a contract with Corporate Acquisitions Group to identify, contract, and manage the process of acquiring up to $1 billion in private companies in the food service industry sector. […]
Congress Weighs End to Tax Break for Hedge Funds
New York Times- Leaders of the tax-writing committees in Congress are considering a new proposal to end a little-known tax break that has allowed wealthy financiers who run private equity firms and hedge funds to cut their total income tax […]
Hedge Funds Run By Women Do Well
Reuters Italia- Investors looking for better performing hedge funds may want to try putting their money into portfolios run by women or minorities, a new industry benchmark launched on Wednesday shows. The HFRX Diversity Index tracks returns at firms owned […]
Rescue Bid for Wall Street Hedge Funds
Times Online- Blackstone, the US private equity group, was locked in rescue talks last night with a dozen lending banks, including Bear Stearns, to prevent the collapse of two hedge funds thatcontrol investments of about $20 billion (£10 billion). Bear […]