Monthly Archives: June 2014
Hedge Fund Cover Without the Hedge Fund Fees
Bloomberg – Most people think hedge funds aim to shoot the lights out and return a zillion percent. The funds are mocked for not beating the S&P 500 Index, which is up 136 percent over five years. Not to defend […]
It’s hedge funds that should ‘get no respect’
MarketWatch – Rodney Dangerfield was famous for saying, “I don’t get no respect.” Hedge funds, in my opinion, are the flip-side of Rodney Dangerfield — they get too much respect. In 2013, almost $64 billion of new money was invested […]
Hedge funds: the mysterious power pulling strings on Wall Street
Guardian – Hedge funds, those financial funds run by extraordinarily rich men, are going mainstream. Not content to be investments for just the super rich and super connected, they are starting to offer services to the average investor A good […]
KKR liquidates former Goldman Sachs traders-run hedge fund
Reuters – KKR & Co LP said on Sunday it had decided to terminate a hedge fund that invested in stocks which the private equity firm had launched in 2011 after poaching a team of proprietary traders from investment bank […]
Man’s Fund Of Hedge Fund Arm Seeds AI Company
New York (HedgeCo.Net) – Man Group plc’s fund of hedge fund division, FRM, has made a seed allocation to Norwegian applied mathematics, economics, computer linguistics, and software development company CommEq Asset Management. Man is also helping CommEq launch an institutional […]
Update: Global Investment Management Industry Revenue Climbs Past Pre-Crisis Peak
New York (HedgeCo.Net) – Median pre-tax operating margins rose to 32%, the highest since 2007, new research shows. The new high in profit margin was driven by market appreciation, which also lifted 2012 revenue in the global asset management industry past […]
Vatican bank cleric arrested in €20m corruption inquiry
Guardian – A senior Vatican cleric suspected of trying to help rich friends bring millions of euros into Italy illegally has been arrested as part of an investigation into the Vatican bank. Monsignor Nunzio Scarano, 61, who worked as a senior accountant in the […]
Hedge Fund Boss Leon Cooperman Delivers the Alpha
CNBC – It’s becoming an annual tradition. Every year it seems—multiple times, in some cases—Leon Cooperman takes the stage to discuss his best investment ideas. And much like the plot in the Bill Murray movie “Groundhog Day,” the themes of […]
Hedge Fund Boss Leon Cooperman Delivers the Alpha
CNBC – It’s becoming an annual tradition. Every year it seems—multiple times, in some cases—Leon Cooperman takes the stage to discuss his best investment ideas. And much like the plot in the Bill Murray movie “Groundhog Day,” the themes of […]
Hedge fund firm Lansdowne names new CEO
Reuters – One of London’s largest hedge fund firms, Lansdowne Partners, has named Alex Snow, the former head of UK Investment Banking at Investec, as its new chief executive officer. Snow will take over from Lansdowne co-founder Paul Ruddock, who […]
Nomura Ex-Head of Program Trading Wells Said to Join Hedge Fund
Bloomberg – Nicholas Wells, Nomura Holdings Inc. (8604)’s former head of equities program trading, has left the bank and plans to join hedge-fund firm Millennium Management LLC, according to two people with knowledge of the matter. Wells will be joined at […]
Largest Hedge Fund Operator Ray Dalio Stricken by Emerging Markets
Nasdaq – Investor Ray Dalio , founder of the $150 billion hedge fund Bridgewater Associates, has developed a unique view of the economy, comparing it to a machine. In March, he told CNBC that he expects stocks to perform well […]