Monthly Archives: April 2015
Hedge Funds Invest in Austrian Bank Loathed by Taxpayers
Bloomberg – Klagenfurt has long been a magnet for visitors from around the world, attracted by the idyllic Woerthersee lake and the Karawanken mountain range that the region shares with Slovenia. Now this city of 97,000, the capital of the […]
Kuwaiti Firm Set To Launch New $100 Mln Equities Hedge Fund
Arab Times – The co-founder of privately-owned Kuwaiti oil firm Zahra Group is set to launch a new $100 million global equities hedge fund targeting ethical investments, the biggest Gulf launch for five years. The fund will invest using the […]
Billionaire Paulson’s Merger Hedge Fund Said Up 10% in 2015
Bloomberg – Billionaire John Paulson’s merger strategy has gained 10 percent this year lifted by consolidation among drugmakers. The $19.3 billion New York-based firm posted a 0.7 percent return last month in a merger fund that uses leverage to amplify […]
Blackstone Hires 20 Military Service Members Transitioning Into Private Sector
New York (HedgeCo.Net) – Blackstone-backed Vivint Solar has offered jobs to the 20 graduates of the United States Department of Energy’s, ‘Reach for the Sun’ pilot program. Blackstone Group LP, the world’s largest hedge fund manager, acquired the company in […]
HedgeCoVest Takes Top Honors At Benzinga Fintech Awards Ceremony
New York (HedgeCo.net) Over 115 top Fintech firms from across the nation entered the 2015 Benzinga Fintech Awards competition in March to recognize the most impressive new technology catering to financial services and capital markets. At Wednesday night’s awards ceremony […]
Credit Suisse Liquid Alternative Beta Index Up 0.29% in March
New York (HedgeCo.Net) – The Credit Suisse Liquid Alternative Beta Index (“CSLAB”), which aims to reflect the performance of the overall hedge fund industry, finished up 0.29% in March. The Managed Futures strategy was the strongest performer, finishing up 4.28% […]
The Oil Industry’s $26 Billion Life Raft
Bloomberg – For U.S. shale drillers, the crash in oil prices came with a $26 billion safety net. That’s how much they stand to get paid on insurance they bought to protect themselves against a bear market — as long […]
New Hedge Fund Strategy: Dispute the Patent, Short the Stock
WSJ – A well-known hedge-fund manager is taking a novel approach to making money: filing and publicizing patent challenges against pharmaceutical companies while also betting against their shares. Kyle Bass, head of Hayman Capital Management LP—which made a fortune wagering […]
The World’s Largest Hedge Fund Had a Huge Quarter Betting Against the Euro
Bloomberg – Ray Dalio’s dire view on Europe is paying off. His Bridgewater Associates, the world’s largest hedge fund, climbed about 14 percent this year through March in one of its strategies, according to a person familiar with the matter. […]
Hedge funds return 2.4 pct in Q1, beating broad stock index -HFR
Reuters – The average hedge fund climbed 2.4 percent during the first quarter, handily beating the broader stock market, according to industry data released on Wednesday and giving the exclusive industry a dose of good news after months of lackluster […]
Hedge fund says BNY Mellon is ‘bloated’ with 10,000 excess staff
Reuters – Activist hedge fund Marcato Capital Management on Tuesday said BNY Mellon Corp’s employee base is “bloated” and disproportionately larger than its rivals. Marcato, which owns about 1.6 percent of BNY Mellon’s stock, previously has called for the ouster […]