Author Archives: Editor
Banks offering credit again in hedge fund land grab
Forbes – Prime brokers are offering hedge funds more credit at a lower cost in a desperate battle for market share, although the biggest hedge funds are reluctant to move away from brokers they consider safe. With the risk of […]
European Hedge Fund Galas Raise Over $500.000
New York (HedgeCo.net) – More than 250 hedge-fund industry leaders gathered together to raise nearly £250,000 ($400,000) at the 100 Women in Hedge Funds 2009 London Charity Gala, held yesterday evening in the UK Foreign & Commonwealth Office’s magnificent Locarno […]
UK’s West Midlands invests in fund of hedge funds
Reuters – The West Midlands Pension Fund, one of the UK’s largest local government schemes, has invested 40 million pounds ($64.28 million) in a fund of hedge funds. Goodhart Partners said on Thursday the pension fund, which has 7 billion […]
Hedge fund assets rebound, near $2 trillion-report
Reuters – Rising markets and a fifth straight month of investors adding money pushed hedge fund assets close to $2 trillion in September, according to industry research firm HedgeFund.net. Globally, hedge fund assets rose nearly 3 percent last month to […]
Credit Suisse/Tremont Hedge Fund Index Estimated to Finish Up +2.67% in September
New York (HedgeCo.net) – Early estimates indicate the Credit Suisse/Tremont Hedge Fund Index (“Broad Index”) will finish up +2.67% in September (based on 65% of assets reporting). Long/Short Equity and Emerging Markets managers experienced another positive month driven by equity […]
Preview of Brighton House Q3 Hedge Fund Research Report
New York (HedgeCo.net) – The upcoming BHA Q3 report indicates that throughout the third quarter, over 37 percent of investors profiled cited a specific interest in event-driven hedge funds, primarily in the merger arbitrage and distressed fixed income areas. During […]
Despite ’08 pain, the rich still like hedge funds
Reuters – It appears nothing — not losses, redemption gates or lofty fees — can deter the rich from stashing their cash in hedge funds. A year after crumbling markets triggered losses and fund managers drew fire for blocking redemptions, […]
Hedge fund manager’s call hurts Realty Income Corp.
Reuters – Hedge fund manager William Ackman helped send Realty Income Corp (O.N), a real estate investment trust, down 4.5 percent on Wednesday after he identified it as good stock to bet against, analysts said. Ackman, who manages $4.8 billion […]
Capstone Charity Event Raised Over $150,000
New York (HedgeCo.net) – Capstone Global Markets First Annual Charity Day, with participation of the New Jersey Nets, was a success, raising over $150,000 for The Jasper Against Batten Fund. On October 1st, The First Annual Capstone Global Markets Charity […]
SEC And Manhattan DA Investigate Southridge Capital
Forbes – Southridge Capital Management, a Ridgefield, Conn., hedge fund firm run by Stephen Hicks that primarily employs an investment strategy known as PIPEs, is under investigation by the Securities and Exchange Commission and Manhattan District Attorney Robert Morgenthau. The […]
Swiss officials make pitch to lure UK bosses
TimesOnline – It is understood that one chief executive was offered a flat tax rate of 10 per cent on his personal income if he relocated the company to Geneva and lived there, as long as he provided a forecast […]
Julius Baer buys ING’s Swiss private banking business
Finance Asia – Swiss private bank Julius Baer Group will buy ING Bank (Switzerland) for SFr520 million ($505 million) in cash. Julius Baer will gain SFr15 billion of assets currently under management with ING in Switzerland, adding 10% to its […]