Monthly Archives: May 2013
Investment bank North Street Group acquires fund administrator Hedge Fund Solutions
Opalesque – North Street Group, a capital markets and investment banking firm, today announced the acquisition of Hedge Fund Solutions, LLC, a New York based Alternative Asset Service Provider. Additionally, North Street Group announced the name change and rebranding of […]
May 2013: Hedge funds gained $100 billion in four months, highest level since 2008
Hedge funds posted positive returns in April continuing their consecutive sixth month streak. The Eurekahedge Hedge Fund Index was up 0.87% during the month as most markets trended upwards. The MSCI World Index gained 2.02% in April. Highlights from this […]
Beyond 60/40: The evolving role of hedge funds in institutional investor portfolios
The AIMA Investor Steering Committee (ISC), a committee of institutional investors that undertakes educational initiatives and provides practical guidance within AIMA, the global hedge fund industry association, has published a new paper on the evolving role of hedge funds in […]
RI paid millions to hedge-fund managers
SFGate – Rhode Island paid hedge-fund managers almost $16 million in fees during 2012 to manage the state’s $1 billion hedge-fund portfolio. The figures were released Wednesday by General Treasurer Gina Raimondo in response to requests from the media for information about the […]
Sony CEO says board mulling hedge fund boss Loeb’s proposal to spin off entertainment business
Washington Post – Sony’s CEO Kazuo Hirai says the electronics giant’s board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to 20 percent of its movie, TV and music division. Hirai was asked […]
Hedge Fund Pioneer is the Recipient of 2013 Sustainability Achievement Award
Glen Dailey, Managing Director and Head of Prime Brokerage of Jefferies LLC and a hedge fund industry pioneer, has been named as the recipient of the 2013 Sustainability Achievement Award by Solar One, the leading think tank for environmental education […]
Goldman’s Mutual Fund of Hedge Funds targets 401(k) and individual portfolios
New York (HedgeCo.Net) – Goldman Sachs announced it was launching the Goldman Sachs Multi-Manager Alternatives Fund. This new mutual will invest directly in hedge funds which up until now have been only available to Accredited Investors. The fact sheet states […]
Citi to boost Assets Under Administration with $4.2 billion mandate from NWI Management
New York (HedgeCo.Net) – Citi has been awarded a new mandate to provide hedge fund administration services to NWI Management LP (“NWI”), a New York-based investment adviser. The mandate covers private investment funds totaling over $3.1 billion in assets as […]
Big Hedge Funds Suddenly Bullish
Barrons – Be bullish. That’s the overarching message from the options market as it fills with talk of two major developments that suggest the stock market will keep rallying to new record highs. Major hedge funds are reportedly buying, or have […]
Google Is The New Hedge Fund Hotel, Boeing The Market Darling, And Apple’s Looking Rotten
Forbes – The 50 largest hedge funds in the world decided to sell Apple in the first quarter, replacing it with Boeing and, interestingly, Norwegian Cruise Holdings which went public in January, according to a report by FactSet. The group […]
Sony mulls hedge fund’s entertainment sale idea
TOKYO (AP) — Sony’s CEO Kazuo Hirai says the company’s board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to 20 percent of its movie, TV and music division. Hirai was asked about […]
Steven Cohen reported to close up SAC Capital in Insider Trading deal
New York (HedgeCo.Net) – We have reported the ongoing trouble that SAC’s Steven Cohen with Insider Trading allegations against traders at his firm SAC Capital. In January, 2011 after the first slate of investigations, Steven Cohen consoled his investors with […]