Monthly Archives: May 2014
Banks, hedge funds push into peer-to-peer lending
SF Gate – Peer-to-peer lending started as a way individuals could borrow money from other individuals over the Internet. But now that big money is flooding the market, it might be due for a name change. On Monday, Lending Club, the biggest […]
Bad banks gain as private equity and hedge funds chase assets
FT – High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. Bankers and private equity executives say the large sums of money chasing bargains among the […]
BNY Mellon Acquires HedgeMark International
New York (HedgeCo.Net) – BNY Mellon has completed its acquisition of HedgeMark International, LLC, a provider of hedge fund managed account and risk analytic services. Financial terms of the transaction were not disclosed. HedgeMark will become part of BNY Mellon’s […]
Delaware court upholds Sotheby’s poison-pill against hedge fund
Domain B – A Delaware state court judge has blocked a bid by Daniel S Loeb, founder and chief executive of Third Point LLC, a New York-based hedge fund with a portfolio worth $14 billion, to overturn a crucial corporate […]
Activist investor buys NY mansion for record $147M
NYP – An activist investor has just bought the most expensive residential property in the country. Barry Rosenstein, hedge fund manager of Jana Partners, is paying $147 million for a property on exclusive Further Lane. Read Complete Article
Hedge Fund Asks S.E.C. To Delay Disclosures
NYT – David Einhorn, the billionaire hedge fund manager whose stock picks are closely watched on Wall Street, is not a big fan of so-called copycat traders who simply latch onto his ideas — especially when it costs his investors […]
Hedge Funds Replace Banks as Europe Property Lenders
Bloomberg – Investors in commercial mortgage bonds have grown so tired of waiting for Europe’s market to recover after the financial crisis that they are now lending directly to property developers. Cheyne Capital Management (UK) LLP and Insight Investment Management […]
Carne Launches AIFMD Guide For Hedge Fund Managers
New York (HedgeCo.Net) – Carne has launched the latest in its popular series of guides for fund managers, the AIFMD Guide for Asset Managers. “There remains a great deal of confusion in some quarters of the funds industry about the obstacles […]
RWC Launches Global Dividend Fund
RWC has launched the RWC Global Enhanced Dividend Fund managed by its Equity Income Team. Ian Lance, John Teahan and Nick Purves, all of whom joined RWC in 2010, currently manage $4bn in Equity Income funds. The RWC Global Enhanced […]
Lawyers as SEC Enforcement Targets, What a Fund Manager Needs to Know
In a move that should place securities lawyers and their clients on notice, Commissioner Kara Stein of the Securities and Exchange Commission (“SEC”) recently indicated that lawyers may become targets of SEC enforcement actions when a registrant has been poorly […]
Card playing JPMorgan head joins top hedge fund
HITC – Jeremy Wien, JPMorgan’s head of VIX trading and a competitive poker player, is joining hedge fund Och-Ziff Capital Management Group. Bloomberg News reports that Wien, 29, will trade equity-index derivatives at Och-Ziff, he said Thursday in an e-mail […]
Alibaba Co-Founder Joe Tsai Linked to Planned Hong Kong Hedge Fund
WSJ – A former SAC Capital Advisors LP portfolio manager is preparing to launch a hedge fund in Hong Kong with a co-founder of Alibaba Group Holding Ltd. as a potential backer, people familiar with the matter said. Andrew Bazarian, […]