Monthly Archives: May 2013
Hedge Fund Mogul Steven Cohen stands strong against Insider Trading probe
New York (HedgeCo.Net) – Investigations of insider trading by the S.E.C. and the U.S. Attorney’s office have haunted Hedge Fund SAC Capital and it’s manager, and 117th richest man in the country, Steven A. Cohen, for the last few years. […]
Backstop Acquires PerTrac CMS from eVestment
New York (HedgeCo.Net) – Backstop Solutions Group (BSG), a leading Software-as-a-Service provider to the alternative asset management industry, announces the acquisition of the PerTrac CMS product line, a specialized customer relationship management tool built exclusively for the institutional investment community, […]
Zombie Hedge Funds Being Snapped Up By New Joint Venture
New York (HedgeCo.Net) $7.3 billion hedge fund secondary buyer Crestline Investors Inc, and merchant banker Kirchner Group have joined forces to launch a joint venture with the aim of buying up so-called zombie funds from their original private equity sponsors, according to a […]
JOBS ACT to benefit investors – HF not as risky as perceived
It has been recently covered in the media that Mary Jo White, who became SEC chairman on April 10, is pushing to adopt the JOBS ACT without major changes and potentially adding additional investor protections at a later date. While […]
Hong Kong’s Richland Capital Management Shuts Two Hedge Funds
Bloomberg – Richland Capital Management Ltd., a Hong Kong-based asset manager set up in 2006, is closing down its two hedge funds, said Chief Investment Officer Alex Au. Richland has sold all the stocks in the Richland Asia Absolute Return Fund and […]
Tim Hortons shares climb as activist hedge fund demands change
The Globe And Mail – Shares of Tim Hortons Inc. climbed today as the doughnut and coffee king comes under attack from an activist hedge fund holding some 4 per cent of its stock. Highfields Capital, which holds more than […]
Direxion Launches Two Leveraged Exchange-Traded Funds
Direxion, a leader in alternative investment solutions, has launched two new leveraged inverse exchange-traded funds (ETFs), the Direxion Daily Brazil Bear 3x Shares (BRZS) and Direxion Daily South Korea Bear 3x Shares (KORZ). The Direxion Daily Brazil Bear 3x Shares seeks daily […]
The capture of tax haven Ireland: “the bankers, hedge funds got virtually everything they wanted”
EU Observer – The Financial Times is carrying an important and fascinating story about the tax haven of Ireland. It focuses on a particular issue which is dear to my heart, and the subject of a whole chapter of Treasure […]
Evans Randall Targets Hedge Funds With Mayfair Deal
Bloomberg – Evans Randall Ltd., half owner of the London tower known as the Gherkin, bought 60 million pounds ($93 million) of office property in the city’s Mayfair district. The buyout firm purchased a 34,000 square-foot (3,150 square-meter) office building […]
The lucrative investment trend hedge funds don’t want you to know about
CNN – Hedge fund executives who descended on Miami last month for a conference on unpaid property taxes were treated to waterfront cruises of estates owned by Madonna, Shaquille O’Neal, and Elizabeth Taylor. But unlike those celebrity residences, the houses […]
The Hunt for Steve Cohen
Vanity Fair – With arrest after arrest in a massive, seven-year insider-trading investigation, U.S. Attorney Preet Bharara is getting closer to the biggest fish of them all: Steve Cohen, founder of SAC Capital, the $14 billion hedge fund, who some […]
Volatility Hedge Funds Down In 2013
New York (HedgeCo.Net) – Volatility funds such as $600 million Saiers Capital fund, use strategies that take advantage of pricing discrepancies caused by gyrations in global financial markets. “These funds flourished in the years after the financial crisis, when volatility was running hot, […]