Monthly Archives: May 2013
Hedge Funds Drive Demand For Greek Corporate Debt
WSJ – Hedge funds are the driving force behind the substantial demand for Greek corporate debt most recently seen in the Hellenic PetroleumELPE.AT +3.45% bond sale, say market participants, in a sign that investors with longer-term horizons still shun the riskiest of high-risk […]
You’ve never heard of one of the best-performing hedge funds in the world
Quartz – Norway is not what you would call a hotbed for hedge funds. Due to restrictive regulatory requirements and an almost uniformly long-only focused investor-community, there are only a handful of hedge funds managed out of Norway. Despite this, […]
Hedge Fund To Pay More Than $21.5 M to SEC
New York (HedgeCo.Net) – Without admitting or denying the SEC’s allegations, Level Global Investors LP has agreed to pay more than $21.5 million to settle insider trading charges. In January 2012, the SEC filed insider trading charges against Connecticut-based hedge fund advisory firm Level […]
Porsche Says 12 More Hedge Funds Withdraw U.S. Appeal
Reuters – Porsche SE, the family-controlled holding company that owns a majority stake in carmaker Volkswagen AG (VOW), said an additional 12 hedge funds dropped a U.S. court appeal in a market manipulation suit. A total of 24 funds have […]
AIMA has released the first global review of the hedge fund industry’s charitable activities
The Alternative Investment Management Association (AIMA), the global hedge fund association, has released the first global review of the hedge fund industry’s charitable activities. The 44-page report, Contributing to Communities, gives a detailed picture of the global hedge fund industry’s […]
France back in hedge funds’ sights as economy stutters
Reuters – Hedge funds are restoring bets that French bond prices will fall, speculating the country’s gamble on increasing public spending to boost economic growth will fail. Funds have already been burnt on the trade. Last year, the European Central […]
Hedge fund buys up thousands of homes in central Florida
The country’s largest private real estate owner, Blackstone Group, is pouring millions of dollars into the central Florida real estate market. Some are concerned the company is squeezing out the average home owner and turning too many single family homes […]
CalPERS asks Milken crowd for hedge fund resumes
Pensions & Investments – CalPERS continues to build out its hedge fund capability and seeks four additional investment professionals to join its six-person team, said Edigio “Ed” Robertiello, senior portfolio manager, absolute-return strategies, for the $258.3 billion fund. In fact, […]
Busson’s EIM considers merger plan
Telegraph – EIM, the fund-of-hedge funds founded by the flamboyant Arpad Busson, has held merger talks with rival asset managers after suffering a spate of client withdrawals. Mr Busson, better known for his relationships with supermodel Elle Macpherson and actress […]
Emerging Market Hedge Funds Gain +7.3% in 1Q12
New York (HedgeCo.net) – Emerging Markets hedge funds posted their strongest start to a calendar year since 2006 with the HFRI Emerging Markets Index posting an industry-leading gain of +7.3 percent in 1Q12, according to the latest HFR Emerging Markets […]
Ex-Credit Suisse Trader’s Asia Macro Hedge Fund Returns 20%
Bloomberg – Splendid Asia Macro Fund, run by a former Credit Suisse Group AG trader, returned 20 percent this year through April as it bought Asian currencies, fixed income and equities, and sold the yen amid the European crisis. The fund, whose trades focus […]
Name-Dropping at Gupta Trial
DealBook – The insider trading trial of Rajat K. Gupta has featured testimony about some of America’s most prominent businessmen — including Warren E. Buffett, the billionaire investor, and Lloyd C. Blankfein, the chief executive of Goldman Sachs. On Wednesday at Federal District […]