Monthly Archives: May 2014
What geopolitical risk? Hedge funds bet on Russia
CNN – Apparently not hedge funds, who doubled down on Russian stocks in the first quarter of the year despite increasing turmoil in Ukraine over that period. Citadel Advisors and Renaissance Technologies, among other funds, bought U.S.-listed shares of VimpelCom […]
Here’s One Hedge Fund’s Plan To Save The Company That Runs The World Poker Tour
Seattle PI – In the wake of a failed merger, declining revenues, and a general routing by its peers, the company that runs The World Poker Tour — U.K.-based gaming company Bwin.Party — has seen its stock decline 20%. In […]
Scott Brown To Hedge Fund Execs: ‘You Have A Role To Play’ In Senate Race
Huffington Post – Former Sen. Scott Brown (R-Mass.), who is running to return to the Senate from the Granite State, urged hedge fund executives at a Las Vegas conference on Friday to get involved in his bid to unseat Sen. […]
Mom and Pop Bet Against Hedge Funds on Junk-Rated Loans
Bloomberg – For now, the Wall Street crowd is winning: Hedge funds and other institutions using leverage to boost returns have overwhelmed the impact of five consecutive weeks of withdrawals from mutual-fund investors. They’ve helped propel leveraged loans to a […]
Michael Steinberg Gets 3 1/2 Years For Hedge Fund Insider Trading
New York (HedgeCo.Net) – A portfolio manager at Steven A. Cohen’s hedge fund, SAC Capital Advisors, has been sentenced to three and a half years in prison for his alleged involvement in an insider trading scheme, TIME magazine reports. “Michael […]
Google reportedly acquiring live games video site Twitch for $1bn
Guardian – Google is reported to be in talks to acquire video game streaming service Twitch for $1bn. The deal, reported by Variety, would be the biggest for YouTube since its purchase by Google in 2006 for $1.65bn. Twitch reportedly […]
Hedge Funds Take Muni-Bond Market By Storm
Wall Street Daily – Something big is cooking in Puerto Rico, and it demands our immediate investment attention. For the last seven years, the beleaguered Puerto Rican economy has been mired in the muck, enduring GDP contraction in five of […]
Hedge Funds Cut Gold Bull Bets Most in Month: Commodities
Bloomberg – Hedge funds cut bullish bets on gold futures by the most in a month as holdings of physical bullion in exchange-traded funds dropped to the lowest since 2009. Money managers’ net-long position contracted for the second time in […]
Hedge Funds: The Transparent, The Opaque And The Tiered
Investing.com – Intralinks and Opalesque commissioned a study to determine how much transparency institutional investors want, how often, and why. Intralinks is now out with a report on the results. In the period February-March 2014 the surveyors received more than […]
Could it be? Have hedge fund ‘piñatas’ gone soft?
CNBC – The financial world’s piñata may have been broken, and it looks like it’s raining treats. Anthony Scaramucci, the SkyBridge Capital founder and face of the SALT hedge fund conference, which wrapped Friday in Las Vegas, once famously asked […]
Hedge Fund People: Kira Bazile Joins North Street Global
New York (HedgeCo.Net) – Former BTIG director and 17 year hedge fund industry veteran Kira Bazile has joined NY financial firm North Street Global. In her new role, she will head business development for the firm’s fund administration platform, capital […]
SEC Warns Investors About Marijuana-Related Investments
The SEC cautioned investors about the potential for fraud in microcap companies that claim their operations relate to the marijuana industry after the agency suspended trading in the fifth such company within the past two months. The SEC issued an […]