Monthly Archives: May 2015
Here’s the top stock pick from each of 50 biggest hedge funds
The 50 largest hedge funds increased their exposure to stocks by 5.3% in the first quarter, according to FactSet. That’s a jump from 1% in the fourth quarter, according to the firm’s latest data on hedge fund ownership published Wednesday. […]
Hedge Fund Vultures to the Rescue in Puerto Rico
Bloomberg – Bring ice skates on your next trip to Puerto Rico. There’s a sweet public rink in Aguadilla that claims to be the only place to skate year-round in the Caribbean. “This is a great way to spend some […]
Hedge fund exit requests hit year’s high in May-data
Reuters – Investor requests to take out cash from hedge funds rose in May to their highest this year, data from fund administrator SS&C Technologies showed on Wednesday. The SS&C GlobeOp Forward Redemption Indicator, a snapshot of withdrawal requests expressed […]
Imation loses proxy fight; hedge fund ousts 3 board members
TwinCities – An activist hedge fund has won a hotly contested proxy fight at Imation Corp., replacing three board members — including the company’s CEO and nonexecutive chairman, the Oakdale-based company said Wednesday. The Clinton Group, a New York-based hedge […]
Hedge Funds Boosting ETF Growth
New York (HedgeCo.net)- In the HedgeCoVest newsletter two weeks ago, we featured an article entitled Assets in ETFs to Surpass Hedge Funds This Quarter. One of the issues that we brought up in that article was a question of how […]
The $10 Hedge Fund Supercomputer That’s Sweeping Wall Street
Bloomberg – It sounds like the mother of all spreadsheets: 1 million rows, 1 million columns — 1 trillion entries in all. Fortunately, Braxton McKee isn’t using Excel. Instead, he’s tapping into the cloud to crunch all that market data […]
Annual Barron’s Hedge Fund List
New York (HedgeCo.net)- The annual Barron’s Hedge Fund List was released over the weekend and for the second straight year, Glenview Offshore Opportunity Fund came in at number one. The fund managed by Larry Robbins accumulated a three-year annualized gain […]
Hedge Funds Reach Nearly $2.2 Trillion
New York (HedgeCo.Net) – Hedge funds returned $59.5 billion in performance-based gains for the first quarter of 2015, their highest Q1 gains on record since 2006 which brings the total industry AUM to a record high of nearly $2.2 trillion, […]
Barclays’ Hedge-Fund Financing Unit Feels Executive Churn
WSJ – Several executives in Barclays PLC’s hedge-fund financing unit are leaving to join other firms, the latest sign of churn in global prime-brokerage ranks as banks realign their businesses under new regulatory constraints. Mark Bailey, the global head of […]
Blackstone Said to Sell 25% of Eircom to Hedge Fund Anchorage
Bloomberg – Anchorage Capital Group LLC, a New York-based hedge fund, bought most of Blackstone Group LP’s stake in Eircom Group amid the Irish phone company’s rejection of a multibillion-dollar buyout offer. Blackstone sold a stake of about 25 percent […]
Prudential Starts Retail Hedge-Fund Wager at Quantitative Unit
Bloomberg – Prudential Financial Inc. the second-largest U.S. life insurer, is introducing a product to allow retail investors to bet with strategies favored by hedge-fund managers. The Global Tactical Allocation Fund can invest in commodities and currencies in addition to […]
Who Else Spilled Secrets at Hedge-Fund Party?
Bloomberg – On Monday evening, European Central Bank board member Benoit Coeure told a closed-door reception for hedge-fund traders, economists and fellow central bankers that the bank would probably accelerate bond-buying this month and next, ahead of an anticipated summer […]