Monthly Archives: May 2014
Banned hedge fund manager Micalizzi arrested in Italy -prosecutors
Reuters – Italian police have arrested a former university lecturer and ex-hedge fund manager who was fined 3 million pounds ($5.1 million) in 2012 for concealing massive losses to investors, Milan prosecutors said on Wednesday. In a statement, prosecutors said […]
Political Interference Clips Hedge Funds’ Desires to Trade on Mega Mergers
WSJ – A wave of megadeal activity in Europe isn’t providing the trading opportunities many hedge funds had hoped for. U.S. drug firm Pfizer Inc’s $120 billion attempt to buy U.K. rival AstraZeneca and General Electric’s proposed $17 billion purchase […]
Former SAC, Och-Ziff Manager Said to Consider Own Hedge Fund
Bloomberg – Ken Xu, a former managing director at SAC Capital Advisors and Och-Ziff Capital Management Group LLC (OZM), is considering setting up his own hedge fund in Hong Kong, said a person with knowledge of the matter. Xu left […]
For Sale: 20% Stake in Hedge Fund. Terms: Complicated.
NYT – One of the prime assets that the estate of the bankrupt Lehman Brothers still has to sell is a 20 percent stake in the $22 billion hedge fund D. E. Shaw. But so far, Lehman has found no […]
Liquid Alternative market grows with launch of new funds from 361 Capital
New York (Hedgeco.Net) – Liquid alternatives have seen strong industry growth, outpacing traditional hedge funds, according to “Going Mainstream: Developments and Opportunities for Hedge Fund Managers in the ’40 Act Space,” an April 2014 study by Barclays Prime Services. The […]
CalSTRS Backs Hedge Fund Activist Legion With First Seed Money
Bloomberg – California State Teachers’ Retirement System, the second-biggest U.S. public pension system, made its first hedge fund seed investment by committing capital to activist firm Legion Partners Asset Management LLC. CalSTRS, based in Sacramento, California, pledged $200 million to […]
Arden tapped to help Massachusetts invest in hedge funds
Reuters – Massachusetts’ pension fund has selected Arden Asset Management as its hedge fund investment adviser from a handful of applicants for the job of picking fund managers, tracking performance and providing due diligence, the company said on Tuesday. The […]
These names are retail winners, hedge fund manager says
CNBC – The retail sector was slammed on Tuesday after several retailers reported downbeat earnings. However, hedge fund manager David Berman said there are some winners to be found despite the sector being in “secular decline.” That’s because although traditional […]
Hedge Fund Magnetar Sues McKesson Over Celesio Deal
WSJ – Hedge fund Magnetar Financial LLC on Wednesday filed a lawsuit against McKesson Corp. alleging that the U.S. drug retailer breached German law in its takeover of German rival Celesio AG CLS1.XE +1.08% earlier this year, according to documents […]
Eric Holder: Credit Suisse Pleads Guilty in Felony Tax Case
New York (Hedgeco.Net) – Attorney General Eric Holder yesterday announced that the Department of Justice filed a criminal information against one of the largest wealth managers in the world. Credit Suisse AG, “has agreed to plead guilty to criminal charges […]
Hedge Funds Total Assets At $2.09 Trillion
New York (HedgeCo.Net) – In the May issue, The Eurekahedge Report found that hedge funds were up 0.78% year-to-date, with total assets of the global hedge fund industry at a new high of $2.09 trillion, with net asset inflows for […]
Dallas-Based Hedge Fund Buys Co-op Bank Stake
Sky News – A Dallas-based hedge fund boss who made millions of dollars from the 2007 US housing crash has snapped up a stake in the struggling Co-operative Bank. Sky News has learnt that Hayman Capital Management is one of […]