Bloomberg – Sumitomo Trust Finance (H.K.) Ltd., the asset-management unit of Japan’s fifth-biggest bank, will start a new multi-strategy hedge fund that invests in Japanese stocks, index options, futures and credit-default swaps. The Tactical Equity Concepts-Japan Fund, also called TEC- […]
West Palm Beach (HedgeCo.Net) – Hedge fund GLG Partners has completed its private offering of $214 million aggregate of dollar-denominated convertible subordinated notes due 2014. The notes bear interest at a rate of 5.00% per year and rank junior in […]