Author Archives: the HedgeCo News Team
Man jumps 9% as debt repayment news cheers hedge fund’s investors
Gaurdian.co.uk – Hedge fund group Man has jumped 9% despite clients continuing to withdraw cash, after it announced a debt restructuring. News that it was using around $470m of surplus cash to buy back debt and save $78m a year […]
Hedge Fund Mogul Steven Cohen stands strong against Insider Trading probe
New York (HedgeCo.Net) – Investigations of insider trading by the S.E.C. and the U.S. Attorney’s office have haunted Hedge Fund SAC Capital and it’s manager, and 117th richest man in the country, Steven A. Cohen, for the last few years. […]
Backstop Acquires PerTrac CMS from eVestment
New York (HedgeCo.Net) – Backstop Solutions Group (BSG), a leading Software-as-a-Service provider to the alternative asset management industry, announces the acquisition of the PerTrac CMS product line, a specialized customer relationship management tool built exclusively for the institutional investment community, […]
Hong Kong-based Richland to shut hedge funds in surprise move
HONG KONG (Reuters) – Hong Kong-based Richland Capital Management Ltd is shutting down its hedge funds despite outperforming peers, four sources said, an unexpected move for a successful operator in an Asian industry which is struggling to raise assets. Richland […]
Hedge fund group sues over Cayman reforms
FT.com One of the biggest hedge fund service businesses on the Cayman Islands has tried to block sweeping reforms to make the tax haven, the world’s main centre for hedge funds, more transparent. The Caymans is home to more than […]
Hedge funds lobby Capitol Hill for the Privitization of Fannie Mae and Freddie Mac
New York (HedgeCo.Net) Hedge Funds Paulson & Co., Perry Capital and Claren Road are said to hold preferred shares in Fannie Mae, and while the shares are up considerably, they see the government involvement holding back their investors potential profits. […]
Indian hedge funds dare where foreign investors fear
(Reuters) – Indian hedge fund manager Kalpesh Kinariwala is so sure of his equity strategies in a country that has stumped foreign rivals that he sends a daily e-mail tracker of his performance – including to competitors. Kinariwala’s Capveda Capital […]
Charity shelves opulent London hedge fund gala dinner
(Reuters) – A lavish gala dinner that was a highlight of the London hedge fund industry’s social calendar and counted royalty among its guests has been quietly shelved. The ARK Gala Dinner, which started in 2002, cost as much as […]
Hedge Funds Play ‘Jeopardy’ Over Herbalife
Wall Street Journal – “Who Wants to be a Millionaire?” Hedge-fund manager Bill Ackman appropriated the title of the game show for a presentation labeling multilevel marketing firm Herbalife Ltd. HLF +1.35% a “pyramid scheme,” a charge the company disputes […]
Hedge Funds Cut ICE Brent Crude Net-Longs to Four-Month Low
Bloomberg – Hedge funds and other money managers cut bullish bets on Brent crude to their lowest level in four months for a third consecutive week, according to data from ICE Futures Europe. Speculative bets that prices will rise, in […]
The Current Scope of Cyber Threats
New York (HedgeCo.Net) – Guest post by Mary Beth Hamilton, vice president of marketing, Eze Castle Integration Cyber-attacks are among the most pressing threats to global security. James Clapper, director of U.S. national intelligence, acknowledged these threats in a recent […]
