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30 Apr 2009

Hedge Fund Manager Sells London FoHF

Hedge fund manager Integrated Asset Management plc has sold the majority of one of its London fund of hedge funds business to a subsidiary of Sal. Oppenheim jr & Cie S.C.A, for approximately €3.5 million ($4.6 million) in cash and the cancellation of Sal. Oppenheim’s entire share interest.

The transaction does not impact the hedge fund manager’s brokerage operations in Milan which will continue to operate as usual, Integrated said.

The fund of hedge funds business as a whole reported net assets of £24.28 million ($32.3 million). In the 6 months ended 30 June 2008 the fund of hedge funds business reported unaudited net assets of £24.42 million ($32.4 million) and assets under management of $2,402 million ($3.2 million).

“In response to the unprecedentedly challenging market conditions of the past nine months, we have structured this deal with Sal. Oppenheim to benefit both our funds’ investors and the Company’s shareholders." Emanuel Arbib, CEO of Integrated, said. "Once the transaction is completed, Integrated, with a strong and liquid balance sheet, will be well positioned to consider opportunities that are available in today’s marketplace.”

Touching base with the Hedge Fund community

HedgeCo currently has a presence on LinkedIn, Facebook (fan page and group), and Twitter. We understand that a lot is currently going on in this realm, please let us know if you think of any new features we can add or new ways we can bring our content to the social network.

The HedgeCo Hedge Fund Blog currently features authors who represent various segments of the hedge fund industry. We are open to accepting new columnists, if anyone wants to contribute to our blogs please contact me, Aaron Wormus at (561) 835 8690 and we can discuss.

We have been publishing hedge fund news on since our inception. Our news section is one of the most trafficked portions of the site. We are currently working on new ways to display our news, but are open to new ideas and suggestions.

We have a weekly & daily newsletter which members of HedgeCo.Net can subscribe to. We also publish our news via Twitter, and various Facebook and LinkedIn groups.

If you have news you would like to see published, please send it to

At the end of 2008 we started hosting monthly hedge fund social networking events in NYC. Networking events require more planning and resources than the other items in this list, but if you are in an area which has potential for a networking event. Please let us know and we will be happy to discuss it with you.

Full aricle here

Treasury gets 100 New Fund Manager Applications

The Treasury Department said that they have recieved 100 applications from potential fund managers interested in participating in the Legacy Securities portion of the Public Private Investment Program (PPIP).

A variety of institutions applied, including traditional fixed income, real estate, and alternative asset managers, such as hedge funds.

Successful applicants must demonstrate a capacity to raise private capital and manage funds in a manner consistent with Treasury's goals, they must have experience investing in eligible assets and headquartered in the United States.

Applicants can expect to be informed of their preliminary qualification around May 15, 2009, when they can begin raising a minimum of $500 million in private capital that will serve as the investment that, pending further approval, will be matched with taxpayer funds.

Since announcing the program details on March 23, the Treasury has encouraged small, veteran, minority and women owned private asset managers to partner with other private asset managers. On April 6, Treasury extended the deadline for fund manager applications to provide more time to facilitate these types of partnerships.