The Hedge Funds Weblog
Seen that? – Kennedy Closes Deal With Hedge Fund for 119 Hurricane Struck Homes
Kennedy Closes Deal With Hedge Fund for 119 Hurricane Struck Homes The Hedge Funds Weblog
Trinity Development Partners along with equity partner Stillwater Capital Partners, a NY-based hedge fund, closed a $23.3 million deal with private lender Kennedy Funding for a waterfront real estate purchase in West Palm Beach, Florida. The hedge fund partners borrowed the funds for a complete renovation of the 119 homes that were damaged after back-to-back hurricanes Frances and Jeanne pounded the area relentlessly in 2004, and Hurricane Wilma added further damage [...] Read More
UK Hedge Fund Giant Closes Fund The Hedge Funds Weblog
One of The U.K.'s largest hedge fund managers has closed a fund with assets of more than $500 million (EUR360 million) as market conditions continue to buffet the sector. BlueCrest Capital Management, with almost $12 billion of assets under management at the end of June, last week told investors it was shutting an equity fund after a period of unacceptable performance. The fund recorded losses of 8.2% for the first [...] Read More
Hedge Fund Shareholders Withdraw from Northwest Deal The Hedge Funds Weblog
Hedge fund shareholders withdrew their motion to have a say in the payment deals after the Northwest Airline Corp reorganization, surprising U.S. Bankruptcy Judge Allan Gropper. The hedge fund committee claims that Judge Gropper has not allowed an investigation into whether Northwest plans to merge with Delta. The temporary committee of hedge fund investors tried to subpoena rival airlines that may have held merger talks with Northwest, in a effort to [...] Read More
Hedge fund bonanza Sox First
How much do hedge fund managers make? A lot more than ordinary folk.According to a new study, the top 20 private equity and hedge fund managers pocketed an average $657.5 million, or 22,255 times the pay of an average US worker. The top four each pocketed over $1 billion.According to the Institute for Policy Studies and United for a Fair Economy study, chief executives made 364 times the pay of [...] Read More
The hedge fund, the stripper and the missing millions Sox First
There are some real doozies around but this one is too good to ignore.In Canada, a hedge fund manager Paul Eustace made the wrong call on US interest rates, lied to investors, lost $208-million, stole about $2 million of client cash, cheated on his wife with a stripper for years and used investor money to give that stripper $1-million worth of gifts including breast augmentation surgery. Now with a few [...] Read More
No Comments