Monthly Archives: May 2012
Investors losing faith in commodity hedge funds
Reuters – Investors in some of the best-known commodity hedge funds are getting increasingly frustrated by their performance, with some heading for the exit as managers rack up a second year of losses. Some major funds focused on energy, metals […]
Morgan Stanley bailed on hedge-fund firm: WSJ
MarketWatch – In 2010, Morgan Stanley MS +0.71% helped Zoe Cruz, the co-president pushed out of the firm three years earlier, launch a hedge fund by writing her a $20 million check and expressing willingness to pour in more money […]
Goldman Redeems $250 Million Hedge-Fund Stakes on Volcker
Bloomberg – Goldman Sachs Group Inc. (GS), the fifth- biggest U.S. bank by assets, redeemed about $250 million from hedge funds during the first quarter as it begins to comply with rules requiring banks to reduce such investments. The firm can “generally” […]
Hedge Fund Launch: Neuberger Berman Introduces Long Short Fund
New York (HedgCo.net) – Neuberger Berman, one of the world’s leading employee-owned money managers, has introduced the Neuberger Berman Long Short Fund (“the Fund”) (tickers: NLSAX, NLSCX, NLSIX), providing investors with a long-short investment strategy that seeks long-term capital appreciation […]
Hedge funds struggle with macro volatility
Hedge Funds Review – Speakers at the Salt conference in Las Vegas highlight the challenges for hedge funds of managing money in a volatile macro environment. Global macro strategies have seen declines since 2009. Volatile macro conditions and structural inefficiencies […]
At Hedge Fund Conference, Spotlight on Falcone
DealBook – It was strange watching Philip A. Falcone, the embattled chief of Harbinger Capital Partners, sitting onstage at the 2012 SALT Conference, a hedge fund gathering taking place over the next three days here at the opulent Bellagio hotel. […]
Facebook’s Hedge Fund Friend
Forbes – Mark Zuckerberg is making the rounds on Wall Street and as Facebook goes public he will increasingly be confronted with the fast-money hedge funds he appears to have tried to avoid. Hedge funds will play a big role in Facebook’s stock […]
Fund of hedge fund managers pushed out by schemes’ direct investment
Professional Pensions – Increasing direct hedge fund investment by UK schemes is driving fund of fund managers to become more like consultants, industry figures say. Campion Capital – a fund research and distribution firm – said the increasing number of schemes […]
HSBC names Melvyn Ford prime services head for Asia
Reuters – HSBC Holdings PLC named Melvyn Ford as head of prime services in Asia on Thursday, part of a plan to expand offerings to the region’s $141 billion hedge fund industry. The bank rolled out its prime business, which […]
Hedge funds seek big win in Vegas
Hedge funds had one of their worst years ever in 2011, but that hasn’t fazed the pied piper of the industry: Anthony Scaramucci. NYP – “The Mooch” is the founder of $6.2 billion SkyBridge Capital and the annual SALT conference […]
Ex-Deutsche Securities Banker Plans Commodities Hedge Fund
Bloomberg – Ryo Ishiyama, a former Deutsche Securities Inc. banker, plans to start a hedge fund investing in global commodities futures as early as July using a strategy he employed on his own personal investments. The hedge fund will employ […]
Facebook’s Hedge Fund Friend
Forbes- Mark Zuckerberg is making the rounds on Wall Street and as Facebook goes public he will increasingly be confronted with the fast-money hedge funds he appears to have tried to avoid. Hedge funds will play a big role in Facebook’s stock after […]