Monthly Archives: April 2011
31-Year Old Brett Icahn’s Hedge Fund Returned 50% Last Year
Business Insider – The 31-year old son of Carl Icahn, Brett Icahn, runs a hedge fund that returned 50% last year, according to the New York Times. His father announced his retirement from managing money for outside investors in fall 2010, […]
Iron Mountain to Return Cash, Sell Unit After Elliott Proposal
Bloomberg – Iron Mountain Inc. (IRM), the world’s largest document storage company, said it will return cash to shareholders and sell its digital unit after pressure from hedge fund investor Elliott Management Corp. Iron Mountain also agreed to consider converting […]
Lawyer unraveling Ponzi scheme seeks extension
AP – The attorney assigned to unravel a Connecticut-based investment pyramid scheme says it will take longer than expected to account for the money, including hundreds of millions of dollars invested on behalf of a pension fund for Venezuelan state […]
Hedge Funds Have ‘Outperformed the Market’ for 10 Years: Consultant
CNBC – During the last 10 years the hedge fund industry has outperformed the market with less volatility, Simon Fludgate, partner at Aksia, a hedge fund research and advisory firm, told CNBC Tuesday. The key is for investors to be diligent and make […]
Hedge funds oversee $2.02 trillion, hit new record
Reuters – Hedge funds are back and bigger than ever. Fueled by fresh investor demand, these loosely regulated portfolios now manage $2.02 trillion, marking an all-time high for the industry, data released on Tuesday by Hedge Fund Research (HFR) show. The […]
Dow Jones Credit Suisse & RCB Post Positive Hedge Fund Returns
New York (HedgeCo.net) – RBC Capital Markets today reported that for the month of March 2011 the RBC Hedge 250 Index had a net return of -0.32 per cent. This brings the year-to-date return of the Index to 1.65 per […]
Analysts hedge their bets on a gold-plated economy
The Sunday Herald – John Paulson, the billionaire hedge fund manager, whose bet against the overheated US housing market made him one of the world’s wealthiest and most controversial hedge fund managers – is playing the gold market in a […]
Gottex, other hedge fund managers optimistic about business objectives but wary of uncertainties and ready for more consolidation
Opalesque – Joachim Gottschalk, Chairman and CEO of Gottex Fund Management, apparently feels optimistic. At today’s meeting, during which the company will adopt its annual financial statements, re-appoint auditors, and re-elect some of the directors, he is expected to make […]
UCITS Hedge Fund Strategy Index drops in second week of April 2011
New York (HedgeCo.net) – The UCITS Hedge Fund Strategy (HFS) Index lost -0.42% in the second week of trading in April and is down -0.06% month to date (by business day 10, April 14th, 2011). The only two sub-strategies posting […]
NewsWatch: Hedge fund manager charged in HGS insider trading case
Gazette – The Securities and Exchange Commission has charged Joseph F. Skowron III — a former Morgan Stanley manager of the six hedge funds that dumped large chunks of Human Genome Sciences stock after receiving insider tips about its drug […]
Hedge Fund Women Use Poker, Power Lunches to Boost Nonprofits
Bloomberg – The annual fundraiser for the female hedge-fund executives of High Water Women Foundation features Texas Hold ‘Em. Women make up about 90 percent of individual ticket buyers and half of the attendees. The proceeds from the organization’s annual fundraiser, which […]