Author Archives: Editor
Adaptec says Steel Partners would gut company
Reuters – Adaptec Inc, target of a proxy war led by Warren Lichtenstein’s Steel Partners, said on Tuesday the activist hedge fund wants to gut the data storage technology company, shed assets and create an acquisition vehicle fueled by Adaptec’s […]
Hedge funds find new sweet spot in sugar
New York Post – Sugar is the new crude oil for investment-hungry hedge funds, which are pushing sugar prices near 30-year highs and ushering new global shortages. After their infamous and massive bets on crude oil sent prices doubling and […]
BNY Mellon/Dreyfus Launch Two Fund of Funds
New York (HedgeCo.net) – The Dreyfus Corporation, part of BNY Mellon Asset Management, announced the introduction of the Dreyfus Satellite Alpha Fund and the Dreyfus Diversified Global Fund. “Many individual investors are seeking a professionally managed solution that enables them […]
Hedge Funds Team Up To Provide Investor Access To Prime Brokerage Platform
New York (HedgeCo.net) – Hedge fund prime brokers, Northern Trust and Merlin Securities, have set up an agreement which enhances Merlin’s existing broker-dealer custody relationships with Goldman Sachs Execution and Clearing and J.P. Morgan Clearing Corp. Merlin’s clients now have […]
Prosecutors Present Evidence of Fraud in Cioffi Case
New York Times – Ahead of a scheduled trial next month, prosecutors have identified “direct evidence” that they say shows a former hedge fund manager, Ralph Cioffi, used his investment in a fund he controlled to obtain a $4.2 million […]
Fixed-income trading by U.S. hedge funds down 40%, study says
Connecticut Post – Fixed-income trading by hedge funds slid 40 percent in 2009 as the credit-market crisis forced adjustments in their trading practices, according to a study by consulting firm Greenwich Associates. Hedge funds are more likely than other types […]
Geneva Funds See Inflows for First Time Since Madoff
Bloomberg – Geneva’s funds of hedge funds saw client inflows for the first time in 11 months in August, halting a slump that accelerated after losses related to Bernard Madoff’s Ponzi scheme. Net inflows were $30 million, after withdrawals of […]
ALTSO’s 6th Annual Hedge Fund Rocktoberfest Draws Corporate Sponsors
New York (HedgeCo.net) – This year marks the sixth anniversary of A Leg To Stand On’s (ALTSO) annual benefit, Hedge Fund Rocktoberfest, which is fast becoming one of their most successful fund raisers to date, with more corporate sponsors signing […]
Paulson mulls CIT-IndyMac merger: report
Reuters – Hedge fund manager John Paulson is considering merging troubled U.S. finance company CIT Group Inc with failed mortgage lender IndyMac Federal Bank, the New York Post said, citing people familiar with the matter. CIT shares rose 9.6 percent, […]
Hedge funds still to make mark in India
Global Investor – Hedge funds are yet to make their presence felt in India, according to panelists at the Asia Securities Financing Master Class. Hedge funds are yet to make their presence felt in India, according to panelists and participants […]
GLG launches distressed fund targeting European company debt
CityWire – Hedge fund giant GLG Partners has launched a fund to exploit the debt problems across European corporations, according to report in the Financial Times. GLG, one of the world’s largest alternative asset managers, is said to have started trading […]
Hedge Funds Reborn
Forbes – Hedge fund managers (and would-be hedge fund managers) may finally have reason to celebrate this year — new fund launches are on the rise. If they keep up at this pace, it could be the first year since […]