Monthly Archives: May 2014
SkyBridge Alternatives (SALT) Conference May 13-16 In Vegas
New York (HedgeCo.Net) – Approximately 1,800 industry hedge fund leaders are meeting up to discuss macro-economic trends, geo-political events and alternative investment opportunities for the year ahead. The 2014 SALT Conference is taking place May 13-16, at the Bellagio Resort & Casino in Las Vegas. […]
Not a Single Woman Among Top 50 Hedge Fund Managers
Vanity Fair – A new ranking of the Top 50 hedge fund managers of 2013 features exactly zero women, but it does feature 25 men who raked in $21.15 billion in compensation. That’s a 50 percent increase over 2012, and […]
Carl Icahn’s son, partner, to launch hedge fund management firm
Reuters – Carl Icahn’s son, Brett Icahn, and David Schechter are launching a hedge fund management company that will take money from outside investors, according to The Wall Street Journal, which cited people familiar with the plan. The younger Icahn […]
Age over size affects relative hedge fund performance
Risk.Net – Age appears to play a greater factor in relative performance than size. Young funds posted the highest cumulative returns since 2003 and during the past five years have also outperformed middle-aged and tenured funds. Young funds may outperform […]
City Financial launches new Asian macro hedge fund
Reuters – UK independent fund manager City Financial said on Thursday it had launched a new Asian hedge fund, the Counterpoint Asian Macro Fund, with more than $120 million in assets. City said in a statement that the fund launch […]
‘Event-driven’ hedge funds leap into lead after rush to invest
FT – When a hedge fund manager makes a paper profit of $1bn in a single day, it attracts attention. Bill Ackman’s 9.7 per cent stake in Allergan, the maker of Botox injections, rose by that much last month when he revealed […]
Parus Fund Monthly Activity Report for April 2014
The Parus Fund is a global long/short Equity Fund investing primarily in North American and European equities. The Fund’s objective is to generate absolute returns by targeting on the long side growth stocks with a competitive advantage and on the […]
Jason Konior Sentenced For Cheating Hedge Fund Investors
New York (HedgeCo.Net) – A New York fund manager was sentenced yesterday to three years and ten months of prison time for stealing $2.9 million from hedge fund investors in a Ponzi scheme, Reuters reports. Jason Konior, the founder and […]
Hedge Fund Advisory Firm Accused Of Distributing Falsified Performance Results
New York (HedgeCo.Net) – A New York-based investment advisory firm and two executives have had fraud charges and an asset freeze filed against them by the SEC for distributing falsified performance results to investors in two hedge funds they managed. The […]
Blackstone Said to Plan Sale of $1 Billion in Home Bonds
Bloomberg – Blackstone Group LP (BX), the largest U.S. landlord of single-family homes, is working with Deutsche Bank AG to sell $1 billion of securities tied to its properties, about twice the size of previous offerings, according to a person […]
Alibaba’s IPO Filing: Everything You Need to Know
NYT – Alibaba Group Holding Ltd. lifted the curtain on its plans to go public. The Chinese online-shopping behemoth, founded in Jack Ma’s apartment 15 years ago, filed paperwork for its hotly anticipated initial public offering Tuesday, a step toward […]
Former Sandwich Mogul Would Prefer Not To Be Sued By Hedge Funds
DealBreaker – Rick Schaden founded Quiznos and then ran it into the ground, clearing the way for Avenue Capital Group and Fortress Investment Group to snap it up two years ago. So he thinks it’s pretty ungrateful for them to […]