Tag Archives: boston
Canada’s Sceptre Hires NY Hedge Fund Manger FGG
West Palm Beach (HedgeCo.Net) New York-based Fairfield Greenwich Group ("FGG"), a $16.6 billion global hedge fund and fund of hedge funds management firm has formed a cooperative venture with Sceptre Investment Counsel Limited, one of Canada’s leading independent money management […]
Hedge Fund Used As Case Study At Stanford
West Palm Beach (HedgeCo.net)- Stanford University’s Graduate School of Business is using a hedge fund, GlobeOp Financial Services, in a business model case study developed for classroom. The case study, ‘GlobeOp: Enabling Hedge Funds, 2000-2003,’ emphasizes how vital a robust […]
Hedge fund Harbinger Raises Stake in Midwest
West Palm Beach (HedgeCo.net)- US hedge fund Harbinger has increased its stake in Australian iron ore miner Midwest Corp. Ltd. to 12.53%, an effort to block Chinese iron ore trader Sinosteel Corporation’s takeover of the latter. Harbinger, a major shareholder […]
Swiss Bank Picks Up On Electronic Trading Used By Hedge Funds
West Palm Beach (HedgeCo.net)- A Swiss Bank has picked up on a hedge fund platform, Orc Trading, to replace key technology for its electronic trading operations. The order was booked in Q1 2008. "We have thoroughly evaluated several trading systems […]
Worlds Largest Hedge Fund Manager BGI Opens Dubai Office
West Palm Beach (HedgeCo.net)- Barclays Global Investors (BGI) has opened an office in the United Arab Emirates’ Dubai International Finance Centre. BGI has been active in the region since 1998 and currently has assets under management of US$ 28 billion […]
Hedge Fund Manager Pali Hires M&A Veteran In Expansion
West Palm Beach (HedgeCo.net)- Hedge fund manager Pali Capital has hired M&A veteran Randal V. Stephenson as a Senior Managing Director and Head of its new Corporate Advisory Group. "Pali is in the midst of a major, global expansion,” said […]
IRS Restricts Deduction of Fund of Funds’ Management Fees
West Palm Beach (HedgeCo.net)- In a recent IRS Revenue Ruling addressing the tax treatment of management fees incurred in a “fund of funds” structure, the IRS’s has severely restricted UPTs (upper tier partnerships) from obtaining tax benefits from management fees. […]
Two New Additions To BNP Paribas’ Hedge Fund Team
West Palm Beach (HedgeCo.net)- BNP Paribas has appointed Thomas Mahala and Jason Miller to its global hedge fund relationship management team (HFRM). BNP Paribas now has over a dozen relationship management professionals located in New York, London and Hong Kong […]
HK Subprime Investments Cause Local Concern
West Palm Beach (HedgeCo.net)- The Hang Seng Index posted its biggest single-day loss in a month, as investors fretted about the recurring subprime credit crisis in the United States and its impact on regional banks and other financials. "It’s a […]
FRM Hires Award Winning Hedge Fund Manager
West Palm Beach (HedgeCo.net)- Global fund of hedge funds (FOHF) group Financial Risk Management (‘FRM’), has hired Au King-lun, MH, PhD, as Chief Executive Officer of FRM Hong Kong. "The firm has long been known for its strength in serving […]
Managed Funds Association Says Financial Problems Not Related To Short Selling Rules
West Palm Beach (HedgeCo.Net)- The Managed Funds Association (MFA) and the Coalition of Private Investment Companies (CPIC) called on SEC Chairman Christopher Cox in a letter to not extend the emergency order on short selling beyond the announced expiration date. […]