Monthly Archives: June 2007
Hedge Fund Citadel Licensed to Operate in Bermuda
New York (HedgeCo.Net)- Hedge fund Citadel Solutions LLC announced today that the Bermuda Monetary Authority has approved their new branch, making Citadel Solutions Bermuda Ltd. the first company licensed by the BMA to provide administration services to hedge funds. Effective […]
BlackRock Sets Sights on Hedge Funds
Financial News Online US- BlackRock said it will buy small stakes in startup hedge funds as traditional fund companies try to replicate the flourishing returns from alternative asset managers. BlackRock executive Howard Berkowitz, who heads the asset manager’s hedge fund […]
Bear Stearns Hedge Funds Near Shutting Down
Reuters- Two Bear Stearns Cos. hedge funds that invested heavily in securities backed by subprime mortgage loans are close to being shut down as a rescue plan is falling apart, The Wall Street Journal Online reported on Wednesday. Merrill Lynch […]
Merrill may be poised to sell hedge fund assets
Boston Globe – –Merrill Lynch & Co. will proceed with a plan to sell about $800 million of bonds from a money-losing hedge fund run by Bear Stearns Cos., a day after delaying a similar auction, people with knowledge of […]
Pension Investment in Hedge Funds Rises
Financial News Online US- Institutional investment represents 25% of large hedge funds’ assets, according to a report which comes as corporate and public pension funds continue to allocate more money to the sector. Corporate and public pension funds account for […]
UK Hedge Fund Puts $91 Million In US’ Northern Trust
New York (HedgeCo.Net)- UK fund of hedge funds Gottex Market Neutral Trust Limited has announced that Chicago based multi-bank Northern Trust has been selected to provide custody and fund administration services to £45.35 million pounds Sterling (approximately $91 million). The […]
Reuters Launches Risk Management Interface For Hedge Funds
New York (HedgeCo.Net)- Reuters has announced the launch of a new risk management solution for the hedge fund industry. According to the press release, “Risk management is now vital to hedge funds as they trade an ever broader set of […]
Europe’s Biggest Hedge Funds To Study Voluntary Code Of Practice
LONDON (Thomson Financial)- Europe’s biggest hedge funds have recruited former Bank of England deputy governor Sir Andrew Large to lead a study into voluntary standards for the industry in an attempt to head off pressure for greater regulation, the Financial […]
HedgeFunds; Event-Driven Hedge Funds See Record Inflows
MarketWatch- Event-driven and short-selling hedge funds pulled in a record amount of money during the first quarter, according to a report released by Lipper on Monday. Event-driven managers saw record net inflows of $9.83 billion in the quarter and now […]
Schumer, Clinton on Fence Over Taxing Hedge Funds
New York Sun- Senators Schumer and Clinton are on the fence over a bill that would force private equity firms and hedge funds to pay higher tax rates if they go public. The bipartisan proposal, offered last week by the […]
Stenham Asset Management passes the USD 2 billion assets under management mark
HedgeCo.net – New York – Stenham Asset Management has reached an important milestone as funds under management now exceed US$2billion. Stenham has been constructing diversified hedge fund portfolios via managed accounts and funds of funds with an emphasis on downside […]
Singapore’s Chinatown New Home For Hedge Funds
Reuters UK- Hedge fund managers around the world have clustered in locations with character, such as leafy Greenwich, Connecticut in the U.S. and the stately Mayfair neighbourhood in London. The latest focal point for hedge funds is Singapore’s picturesque Chinatown, […]