Author Archives: Editor
Former board chair, whose hedge fund lost $1.5 billion, returns to board, will oversee endowment
The Mac Weekly – Larson resigned from the board in August 2007 after the sale of his hedge fund, which had been one of the most successful in the country. Sowood Capital Management was an early, high-profile casualty of the […]
Onex to float IPO on distressed-debt fund
Report On Business – Onex Corp. is offering retail investors a chance to put their cash beside its executives’ money in a distressed-debt fund that has recently delivered eye-popping returns. The country’s largest private equity firm said yesterday that it […]
Investors fear money went south — to Panama
StarTribune – The money trail in a suspect currency investment program promoted by several Twin Cities companies runs through an industrial building in this gritty southern California community that calls itself Horsetown USA. Trevor Cook, a 37-year-old Minneapolis money manager […]
Axa seeks flexible hedge funds in tricky markets
Reuters – Opportunities abound for equity and credit-focused hedge funds, according to Axa Investment Managers, but the firm is favouring nimble players able to adjust strategies quickly in still uncertain markets. Chris Manser, global head of funds of hedge funds […]
London hedge funds talk the walk over Swiss move
Reuters – A hedge fund exodus from London to Switzerland in the face of higher taxes and tougher EU rules is unlikely to occur this side of a British general election, although the industry pretender remains ready to pounce. Eyeing […]
New Zealand Hedge Fund Partners Offshore Investors With Local Clean Tech Experts
New York (HedgeCo.net) – A new hedge fund is being launched to bridge the distance barrier between New Zealand and the rest of the world. Milestone Capital has established the Rutherford Innovation Fund to raise capital and back innovative companies […]
RCM plans new hedge funds to boost sector assets
Guardian – RCM, Allianz’s equity fund management unit, is launching two new hedge fund products aimed at increasing its assets under management in the sector by more than 50 percent, its Chief Investment Officer said. Andreas Utermann told Reuters that […]
Citadel earned about $1 bln from high frequency trades
WSJ – Citadel Investment Group LLC earned about $1 billion last year from a unit involved in high frequency trading, the Wall Street Journal said, citing the testimony of a former employee of the hedge fund firm. According to the […]
Former President Bill Clinton Honors Alternative Investor LeapFrog
New York (HedgeCo.net) – In the Closing Plenary of the Clinton Global Initiative 2009, former President Bill Clinton featured LeapFrog Investments, which raised the world’s first microinsurance fund. “LeapFrog’s team is widely recognized as having opened up a new frontier […]
Cogent Consulting Releases Free Broker Review System for Hedge Funds
Press Release – Cogent Consulting LLC today announced a free version of its HedgeTrak web-based broker review and evaluation service for hedge funds. HedgeTrak Lite enables hedge funds to properly value trading and research services provided by their brokerage firms, […]