Monthly Archives: April 2014
Hedge Fund Launch: Classic Auto Funds to Capitalize on Collector Car Investments
New York (HedgeCo.Net) – Classic Auto Funds Limited (CAF) is launching several investment partnerships using collectable classic cars as the hard asset. “Many investors are recognizing the rising returns in specific classic cars as a low-risk asset,” said Robert Minnick, […]
Hennessee Index: Hedge Funds Down -0.48% In March 2014
New York (HedgeCo.Net) – The Hennessee Hedge Fund Index lost -0.48% in March (+1.50% YTD), whilethe S&P 500 gained +0.69% (+1.30% YTD), the Dow Jones Industrial Average rose +0.83% (-0.72% YTD), and the NASDAQ Composite Index declined -2.53% (+0.54% YTD). […]
UBS’s Rajeev Misra Said to Plan Move to Fortress Hedge Fund
Bloomberg – Rajeev Misra, UBS AG’s former co- head of fixed-income, is preparing to leave the Swiss bank for Fortress Investment Group LLC, two people with knowledge of the matter said. Misra, who has served as a senior adviser to […]
Hedge fund Balestra to lose two of three key execs
HITC – Balestra Capital, the hedge fund firm founded by James Melcher in 1979, is set to lose two senior leaders. Norman Cerk and Matthew Luckett have decided to resign from the firm on June 30, according to an investor […]
RBC to Close Proprietary-Trading Desk
WSJ – The Royal Bank of Canada is planning to close one of the last proprietary-trading desks on Wall Street, another win for regulators that have pushed banks to cut back on making big bets with their own money. RBC, […]
Hedge fund rolls over Wausau Paper: Other View
Gannett – Some day soon, Wausau Paper will be no more. There is no sense anymore in pretending otherwise. The company announced earlier this month that its chief executive officer and its board chairman would resign, to be replaced by […]
Billionaire Hedge Fund Leaders Join Ricketts’s Super-PAC
Bloomberg – Two billionaire hedge fund executives have joined Ameritrade founder Joe Ricketts’s super-political action committee as it works to elect Republicans to Congress, a U.S. Federal Election Commission report showed. Paul Singer, president of New York-based Elliott Management, wrote […]
Hedge Fund Acquisitions: Financial Services Giant TIAA-CREF Buys Nuveen Investments
New York (HedgeCo.Net) – The Teachers Insurance and Annuity Association – College Retirement Equities Fund (TIAA–CREF) is buying Chicago-based investment management firm Nuveen Investments in an estimated $6.25 billion deal, the two companies have announced. Nuveen Investments manages $221 billion as of December 31, 2013. […]
Hedge Fund Mergers: GEMS Group Acquires Kenmar-Olympia
New York (HedgeCo.Net) – Receiving legal and regulatory approval, alternative investor GEMS Group has acquired hedge fund group Kenmar-Olympia. “We are very happy to have concluded this acquisition that reinforces our research and international distribution capabilities.” Dr David Goldfarb, Managing […]
Hedge fund manager Loeb says Sotheby’s attacks on him are ‘false’
Reuters – Activist investor Daniel Loeb, who is fighting to win control of three board seats at Sotheby’s, on Monday raised the temperature by saying the current board has failed and that its attacks on him are “false” and “misleading.” […]
Hedge Fund Manager Makes Lonely Defense of G.M.
DealBook – General Motors has come up against a tide of criticism. Its chief executive has been grilled by lawmakers for creating a “culture of cover-up,” it has been fined, and it faces investigations by a Senate panel and regulators […]
Anger as Stonegate hedge fund fare dodger ‘buys silence’
BBC – A rail union has claimed a hedge fund manager was able to “buy silence” after he repaid £42,550 in unpaid fares to Southeastern – but remained anonymous and avoided court action. The TSSA claimed it demonstrated one law […]