Monthly Archives: June 2014
Global hedge fund exit requests rise again in June
Reuters – Investors increased requests to pull money out of hedge funds in June as they adjust positions before the end of the quarter, according to data released on Thursday [June 19]. The SS&C GlobeOp Forward Redemption Indicator, a monthly […]
Former UK boss of Wall Street hedge fund could be drawn into corruption investigation
The Independent – With his Hampshire estate boasting one of the finest shoots in the county, the 42-year-old City tycoon has all the trappings befitting one of the most powerful hedge fund investors in Europe. His dealmaking prowess is as […]
ValueAct’s Ubben Has a New Target: His Hedge-Fund Peers
WSJ – Jeffrey Ubben, who runs one of the West Coast’s biggest hedge funds, styles himself as a friendly activist, one who works with companies behind the scenes rather than seeking to embarrass management. But there is one industry he […]
FX chatrooms show traders shared order, price details
Reuters – British investigators are examining millions of electronic messages which include fresh evidence of possible collusion by a small group of top currency traders, sources say. The investigators have been handed chatroom transcripts showing senior dealers at the big […]
Hedge Fund Giant Man Group Acquires Boston Equity Manager
New York (HedgeCo.Net) – A privately-owned, Boston-based quantitative equity manager with $14.7 billion FUM has been acquired by hedge fund giant Man Group plc for approximately $325 million. “We are delighted to announce the acquisition of Numeric, which has an […]
IMF in warning over Argentina ruling at US Supreme Court
BBC – The International Monetary Fund (IMF) has warned that Argentina’s legal defeat in its fight against hedge fund investors may have wider implications. On Monday, a US Supreme Court ruling sided with bondholders demanding Argentina pay them $1.3bn (£766m). […]
Private Equity, Hedge Funds “Make It Rain”
Forbes – As David Rubenstein of Carlyle Group once succinctly remarked, “If you can make 20 percent of the profits on other people’s money, you are going to make a lot of money if you are good at what you […]
A Major Jewish University Is In Danger Of Going Broke Because Of How Much It Lost In Hedge Funds
Business Insider – Credit-ratings agency Moody’s thinks Yeshiva, a private Jewish university located in New York City, will be broke by next year. Yeshiva lost an estimated $105 million with convicted Ponzi schemer Bernie Madoff, who was also a trustee, […]
TCI Hedge Fund in Britain Ends Ties to Charitable Arm
NYT – When Christopher Hohn, the founder of one of Britain’s largest and most successful hedge funds, chose to structure his fund to automatically donate a portion of its fees to charity — specifically his wife’s charity — people took […]
Argentine president surrenders to hedge fund titan, will negotiate
NYP – Argentina, after years of insisting it wouldn’t negotiate with a handful of holdout bondholders — a group its president repeatedly called “vultures” and “extortionists” — finally agreed Wednesday to sit and talk with the group. It’s amazing what […]
J.P. Morgan Asset Management Launches First ETF
New York (HedgeCo.Net) – J.P. Morgan Asset Management has announced that its first ETF, JPMorgan Diversified Return Global Equity (JPGE), officially launched for trading. The fund represents the next generation of strategic beta ETFs, seeking to provide global equity returns […]
Deutsche Bank: Lack of transparency biggest reason for rejecting hedge fund investment
P&I – A hedge fund manager’s refusal to provide adequate transparency is the top reason an investor will veto an investment, Deutsche Bank’s global prime finance group’s third annual Operational Due Diligence survey said. Twenty-two percent of respondents said managers’ […]