Monthly Archives: June 2013
Exclusive: Steven Cohen’s $14 Billion Hedge Fund Is Fed To The Birds
Guest Of A Guest – This just in: Apparently even billionaires have pest control problems, or so one might surmise from the flock of wild birds terrorizing the SAC trading floor yesterday. Steven Cohen’s $14 billion hedge fund in Stamford […]
Highlights From The Annual Morningstar/Barron’s Hedge Fund Investment Survey
New York (HedgeCo.Net) – The latest results from the annual Morningstar/Barron’s hedge fund investment survey examining the perception and usage of alternative investments among institutions and financial advisors is out today. Among the findings: Mutual funds are becoming the dominant vehicle […]
Broadridge To Acquire Hedge Fund Management Specialist Bonaire
New York (HedgeCo.Net) – Hedge fund service provider Broadridge Financial Solutions, Inc. has signed an agreement to acquire Bonaire Software Solutions, LLC., according to sources. Bonaire provides fee calculation, billing, and revenue and expense management solutions for asset managers including institutional asset […]
Private Equity Firms Invest $347 Billion In US Companies
New York (HedgeCo.Net) – Private equity firms invested $347 billion in more than 2,000 U.S.-based companies last year, according to the third annual “Private Equity: Top States and Districts” analysis released today by the Private Equity Growth Capital Council (PEGCC). The analysis ranks the […]
Brevan Howard trader linked to Libor probe leaves hedge fund
Reuters – A trader allegedly connected to a global rate-rigging scandal has left hedge fund Brevan Howard, the company said on Thursday. Chris Cecere, who joined Brevan Howard’s Geneva office in 2010 from Citigroup Inc., has left the hedge fund […]
Apple and BlackBerry continue to play cruel tricks on hedge funds
Yahoo – One of the most popular trading ideas among tech funds is to short BlackBerry — more than 30% of its stock was sold short recently. And another very popular idea has been going long on Apple, of course. As we all […]
More big-name hedge funds nurse wounds from bond sell-off
Reuters – One of last year’s top-performing hedge fund managers, Deepak Narula, is suffering a reversal of fortune as the mortgage bonds that steered him to the top of the industry in 2012 are now delivering losses. His Metacapital Management’s […]
Tough Road Ahead For Securitized Credit Hedge Funds
ValueWalk – The list of funds who tumbled in May and have continued to under-perform in June is getting longer by the day. Credit focused funds, especially those who trade mortgage backed securities, experienced a time of high performance as the Federal […]
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 […]
Hedge funds hope losing shorts on U.S. natural gas will pay off
Fox – This year’s early rally in U.S. natural gas prices dealt heavy losses to hedge funds that stubbornly maintained short positions in the face of brutally cold weather, and the price slide of the past two months has not […]
Hedge Funder Wants To Reform Public Pensions
New York (HedgeCo.Net) – A spokesman for Texas-born John Arnold has said that the hedge fund billionaire is campaigning for reform in the California public pension systems, according to a Reuters report. The California Public Employees’ Retirement System (CalPERS) “manages […]
Regulators To Go After Corzine’s Hedge Fund and Brokerage Fraud
New York (HedgeCo.Net) – US regulators are planning a lawsuit later this week against Jon Corzine over the collapse global financial derivatives broker and hedge fund trader MF Global, formerly known as Man Financial, Reuters reports. The company allegedly dipped into customer funds, […]