Author Archives: Editor
Open Europe Hedge Fund Survey Findings
New York (HedgeCo.net) – Based on two surveys of private equity managers and hedge fund managers, carried out during August 2009, Open Europe has published the most comprehensive study to date of the likely impact of the EU’s proposed Alternative […]
Md. gets $9M judgment against former hedge fund
The Examiner – The Maryland attorney general’s office says it has won a $9.5 million judgment against the operator of several former hedge funds. The judgment was granted in Prince George’s County Circuit Court against John Henry Williams. In February […]
Vicis Capital Suspends Redemptions After Hedge Fund Loses 12%
Bloomberg – Vicis Capital LLC, the $2.9 billion hedge fund started by former Lehman Brothers Holdings Inc. trader John Succo in 2004, barred clients from withdrawing money from its main fund after losses this year. The firm received “higher-than-anticipated” requests […]
Hedge funds look to refinance BBI debt
The West Australian – Royal Bank of Scotland is managing an offer by a group of hedge funds to refinance debt held by Alinta owner Babcock & Brown Infrastructure. The hedge funds have offered to repay Babcock & Brown Infrastructure’s […]
Deutsche appoints co-heads for Asia prime fin unit
Reuters – Deutsche Bank said on Tuesday it had appointed David Murphy and Nathan Davison as co-heads of its prime finance unit in Asia as it looks to take a bigger share of the market amid the ongoing recovery in […]
Babcock & Brown Gets Refinancing Proposal From Hedge Funds Through RBS
RTT News – Tuesday, Babcock & Brown Infrastructure Limited said it received on September 17, a refinancing proposal from Royal Bank of Scotland Group Plc, acting on behalf of an investor group, which comprises mainly international hedge funds. As revealed […]
Bucco says Corzine should disclose ties to casinos and hedge fund
Jackson, NJ – Senate Republican Budget Officer Tony Bucco called on Governor Jon Corzine to release all documents detailing links between casinos and a hedge fund company in which the governor is invested. The Governor’s financial disclosure forms show that […]
JPMorgan, Sophis to Offer Risk Management to Hedge Funds
Wall Street and Technology – One of the surviving prime brokers, J.P. Morgan, announced today that it’s jointly offering with Sophis iSophis, a software solution that can help assess and manage risk across multiple brokers. Sophis’ platform evaluates product performance […]
CME Partners With Hedge Funds in Restructuring Clearing Services
New York (Hedgeco.net) – CME Group is restructuring its credit default swap (CDS) with hedge fund Citadel Investment Group as a strategic program targeted at providing clearing-only services for the nearly $27 trillion CDS market. Key features developed as part […]
Treasury Group Backs First Hedge Fund With AR Capital Stake
Bloomberg – Treasury Group Ltd., a Sydney-based asset manager, has made its first investment in a hedge fund, taking a 30 percent stake in AR Capital Management. Treasury Group, with six partners managing A$10.9 billion ($9.4 billion) in assets under […]
Deal’s third man
New York Post – “Malone’s a hybrid guy,” said one media mergers-and-acquisitions banker. “He operates Liberty with as much of a financial focus as a strategic focus and he looks at deals like a leveraged buyout investor would.” Indeed, Liberty […]
10-Year Mark for Mooring’s Flagship Hedge Fund
New York (Hedgeco.net) – The second quarter of 2009 marked the 10th year of operation for Washington, DC-based hedge fund, Mooring Capital Fund, which delivered a quarterly compounded return of 12.40% per year. “Our flagship Mooring Capital Fund has provided […]