Monthly Archives: June 2015
Hedge Fund Citadel Prepares To Launch New Stock Picking Unit
(Wall Street Journal) Hedge-fund Citadel LLC is preparing to roll out a new stand-alone stock-picking division, the latest sign of the Chicago firm’s postcrisis resurgence. To Read this Article: www.wallstreetjournal.com
Korea Fund Has $18 Billion At Stake Backing Samsung On C & T
(Bloomberg) In the fight between a foreign hedge fund and the biggest conglomerate in South Korea, the state-run pension may have the swing vote. It will probably side with Samsung Group for reasons that go beyond nationalism. Korea’s National Pension […]
Former SAC Manager’s Hedge Fund Bets Against Euro On Greek Woes
(Bloomberg) Yip Ka-hay, a former SAC Capital Advisors manager now running his own macro hedge fund, is shorting the euro against the Japanese currency. The euro may slide below $1.08 in the next few months — from above $1.13 now […]
20 Tech Stocks Hedge Fund Billionaires Are Buying & Selling
(Forbes) The Nasdaq has gained 20% in the past year, but which tech stock should you invest? The world’s richest hedge fund billionaires can perhaps give you a hint. To compile this list, we looked at the trades of billionaire […]
New Record For Hedge Funds
New York (HedgeCo.Net) The first quarter of 2015 brought a mix of new hedge funds being launched along with a number of funds closing up shop, but when the numbers were all tallied, the record for number of funds being […]
Drop in China’s Market Could Deepen Due To Margin
New York (HedgeCo.Net) – The Shanghai Composite Index (SSEC) has dropped 13.5% in the last five trading sessions and it closed below its 50-day moving average for the first time since February and only the third time in the past […]
Extended Bull Market Changing Hedge Fund Landscape
New York (HedgeCo.Net) – Being famous for short selling stocks can be a tough game, especially when the market as a whole has been moving higher for over six years. Bill Ackman made a name for himself as a short […]
Asia Hedge Funds Hit Record On China Rally That’s Buckling
(Bloomberg) Asia’s hedge funds boosted their assets to a record $177 billion in May by riding a Chinese stocks rally that’s now starting to falter. Investments by funds with an Asia mandate exceeded the $176 billion in December 2007, before […]
Record Number Of Hedge Funds Operating Around the World
(Reuters) The hedge fund industry set a new record during the first quarter when an industry research group said 10,149 funds are operating around the world even after hundreds of existing funds shut their doors during the same time. During […]
Activist Hedge Fund Win In Private As Japan Tobacco Says No
(Bloomberg) For four years a hedge fund urged one of Japan’s oldest companies to raise its dividend, and each time the answer in public was no. Behind the scenes, something else was happening. Though it lost every proxy fight, the […]
Greece: Funds Were Smarter Than European Leaders
(CNBC) Ever since the Greek financial crisis broke out in October 2010, hedge funds have played it as a formidable money spinner. They were able to do that because they understood what most analysts could not fathom in an ill-tempered, […]
Manager Profile and Insights: Adam Savin and Jeffrey Roney, Maxwell Thacher
New York (HedgeCo.Net) Maxwell Thacher was founded in early 2014 by Jeffrey Roney and Adam Savin who serve as the firm’s general partners and acting co-portfolio managers. The firm currently manages over $100 million in assets through two investment vehicles, […]