Tag Archives: proprietary-trading
Execution LLC Opens New York Office
West Palm Beach (HedgeCo.net) – Execution LLC, an agency-only global broker dealer, today announced that it has opened a New York office as part of its long-term US growth plan. Execution’s new office is located at 450 Park Avenue and […]
CIC Said to Invest $500 Million in Hedge Funds, Blackstone
Bloomberg – China Investment Corp., the nation’s $200 billion sovereign wealth fund, may invest as much as $500 million in hedge funds including those run by Blackstone Group LP, said two people familiar with the matter. CIC aims to allocate […]
China’s Sovereign Wealth Fund Aims to Invest in Hedge Funds
Bloomberg – Felix Chee, an adviser to China’s $200 billion sovereign wealth fund, said it aims to make investments in hedge funds. “We will have a preference for managed accounts,” he said in an interview today at the GAIM International […]
China?s Sovereign Wealth Fund Aims to Invest in Hedge Funds
June 17 (Bloomberg) — Felix Chee, an adviser to China’s $200 billion sovereign wealth fund, said it aims to make investments in hedge funds. “We will have a preference for managed accounts,” he said in an interview today at the […]
Costas, Hutchins Said to Reunite For Firm After Failed UBS Fund
Bloomberg – John Costas and Michael Hutchins, are reuniting to start a financial services firm after running UBS AG’s hedge fund Dillon Read Capital Management LLC, according to people familiar with their plans. Costas, 52, took over UBS’s investment bank in […]
GLG Partners Adds Pendragon Hedge Fund Managers
West Palm Beach (HedgeCo.net) – Global alternative asset manager, GLG Partners LP, is teaming up with two of the founding partners of London hedge fund Pendragon Capital, Kaveh Sheibani and Julian Harvey Wood, to focus on event driven strategies. In […]
Goldman Fund Loses Nearly $1 Billion in 9 Months
CNBC – A Goldman Sachs hedge fund that launched in January with over $6 billion under management lost close to $1 billion by September, according to the Financial Times. The fund, known as Goldman Sachs Investment Partners, has told investors […]
Polygon Concedes to British Energy, Winds Down Flagship Hedge Fund
West Palm Beach (HedgeCo.net) – Alternative investor, Polygon Investment Partners LLP has agreed not to further oppose the restructuring of the company by British Energy and other shareholders, in exchange the shareholders and British Energy have agreed to stop all […]
Recent Tax Rulings Affecting Hedge Funds
The Internal Revenue Service (“IRS”) has recently issued new rulings and regulations that have an impact on tax filings by many hedge funds. The new rulings deal with the deduction of investment interest expense for trading funds and fund-level expenses […]
Former Brahman Capital Execs to Form Hedge Fund
Black Enterprise- A team of young managers formerly with hedge fund Brahman Capital is preparing to launch a fund in August to focus on Western European turnaround situations, the firm’s founder said. Cara Goldenberg, a 27-year-old former star investor and […]
