Monthly Archives: May 2011
Euro drops on Greece jitters, eyes key support
Reuters – The euro fell on Wednesday, as investors including hedge funds cut bullish bets on mounting worries over Greece’s finances, with many traders expecting the single currency to test key support levels on charts. Speculative selling of the euro […]
China seen as the candidate for ‘next catastrophe’
Telegraph – Mr Zuckerman’s book was one of the first to reveal the billions in profits which hedge funds and banks from taking bets against the sub-prime market just before the housing bubble burst. China, where the economy has expanded […]
IKOS Says Investigation of Former Workers Was ‘Legitimate’
Bloomberg – IKOS Asset Management Ltd., the hedge fund whose founders Elena Ambrosiadou and Martin Coward are divorcing, said it used “legitimate investigative efforts” on former employees. IKOS started the probe after discovering software had been copied without permission, the […]
New Mexico ERB to approve new hedge fund allocations
HFMWeekThe $9.2bn New Mexico Educational Retirement Board (ERB) is set to approve allocations to two new hedge funds this week, as part of its new 20% opportunistic portfolio. The investment committee is due to approve new investments to the Waterfall […]
GM Falls Out of Favor With Hedge Funds
Bloomberg – General Motors Co. (GM), one of the 10 most popular stocks for hedge funds at the end of last year, fell out of favor in the first quarter as slower growth in China and discounts in the U.S. […]
Apple, Rivals Matter Most to Hedge Funds
The Street – According to Goldman Sachs’ first-quarter Hedge Fund Trend Monitor, which dissects 700 hedge funds with $1.25 trillion in equity assets, Apple ranks as the No. 1 “must-have” stock. While billionaire George Soros dumped nearly 100,000 shares of Apple […]
Hedge fund giant SAC Capital meets with investigators over insider trading
New York Post – Connecticut hedge fund giant SAC Capital Advisors said Monday that it met recently with congressional investigators probing potential insider trading by the $14 billion firm. “We welcomed the opportunity to meet with the staff to educate […]
Hedge fund boss’s tragic family secret
Daily Mail- His on-off romance with Uma Thurman has intrigued even his close friends and the Hollywood star was one of the first people to offer condolences to hedge fund tycoon Arki Busson following the death last week of his […]
Fund of hedge fund firms Saguenay Capital and Strathmore Capital to merge
Reuters – Fund of hedge fund firms Saguenay Capital and Strathmore Capital are to merge to form a manager with $2 billion (1.2 billion pounds) in assets, reuniting ex-Bankers Trust executives and providing scale in a sector hard hit by […]
Paulson Wants Goldman Sachs Group to Detail Lehman Holdings
Reuters – Hedge fund Paulson & Co., which last month revealed details of its purchases of Lehman Brothers Holdings Inc. bonds, is asking a court to order Goldman Sachs Group Inc. (GS) and other banks and investment funds to make the […]
Former Lehman VP Joins AlphaMetrix As Director of Global Hedge Fund Operations
New York (HedgeCo.net) – Mark Faulkenberg has joined hedge fund administrator AlphaMetrix360 as Director of Global Operations. Faulkenberg was Global Head of Operational Risk Due Diligence for International Asset Management Limited, where he oversaw more than 80 underlying hedge fund […]