Monthly Archives: June 2015
ISIS Potential Impact on Hedge Funds
New York (HedgeCoVest.Com) With news breaking that the Islamic State had taken control of the city of Ramadi in Iraq, Palmyra in Syria and Sirte in Libya, one has to wonder whether a third gulf war with full Western involvement […]
ECB Has A Hedge Fund Issue
New York (HedgeCoVest.Com) Two stories have come out in the last few days with regard to how the ECB handles news and hedge funds. On Monday, ECB Executive Board member Benoit Coeure caused the first problem when he spoke at […]
Hedge Fund Charged With Manipulating Futures Contract Prices
New York (HedgeCo.Net) – Federal Judge Analisa Torres has rejected arguments put forward by a hedge fund-like firm and cleared the way for a lawsuit filed by the FTC in New York, Reuters reports. The CFTC claims that Donald R. Wilson […]
Texas lawmaker warns against hedge funds ‘flipping’ Energy Future unit
Reuters – A powerful Texas state senator warned against a takeover by hedge funds of the power distribution unit of bankrupt Energy Future Holdings and said the state would prefer an owner with a long-term view. Senator Troy Fraser told […]
Ex-SAC Capital COO Kumin to Start Hedge-Fund Firm
A former senior executive of SAC Capital Advisors LP is planning to start a new stock-trading hedge-fund firm, potentially with a big chunk of funding from Leucadia National Corp., according to people familiar with deal discussions. Solomon “Sol” Kumin, who […]
US hedge fund slams top pay at First Group
City AM – Management pay at First Group was slammed yesterday by Tom Sandell of New York-based hedge fund Sandell Asset Management, as he said the management team of the UK rail and bus operator had been “well rewarded for […]
Hedge Funds Boost Gasoline Bets as July 4 Holiday Nears
Bloomberg – Speculators boosted bets that gasoline prices will rise on prospects for the most Independence Day traffic in seven years and fighting in the Middle East. Money managers increased net-long positions by 7.6 percent in the week ended June […]
Hedge Fund Billionaire Helps Swing Primary For Pro-Gay Republican
Time – American Unity PAC plays a decisive role in New York GOP primary. The decisive issue in the contested NY-22 primary that concluded Tuesday was the one hardly anyone talked about: gay marriage. Read Complete Article
Hedge Funds Ramp Up Oversight Automation In Face Of New Regulations
New York (HedgeCo.Net) – According to research from Milestone Group, 40 percent of North American asset managers feel that their current operation is unprepared to meet anticipated regulatory changes, driving a desire to increase automation. “Managers need automation, as it […]
Ex-McKinsey partner tells of tips in trial of Rajaratnam brother
Reuters – A former McKinsey & Co. partner whose testimony helped convict Raj Rajaratnam for insider trading returned to court on Thursday to testify against the Galleon Group founder’s younger brother, Rengan Rajaratnam. Anil Kumar, once a top partner at […]
Disaster for bonuses in Barclays’ equities business
eFinancialCareers – It had all been going very well for people in Barclays’ equities business. While the fixed income currencies and commodities (FICC) business is being hacked apart, cash equities is one of the areas Barclays wants to focus on. […]