Monthly Archives: June 2013
Facing up to hedge-fund ads
Crain’s – Anyone who rides the subway has seen ads for Jonathan Zizmor, the dermatologist who promises to transform pimply faces into marvels of clear complexion. Soon, Dr. Z may have a challenge of his own: fighting for ad space with hedge-fund […]
Montclair author Les Leopold on how hedge funds place bets on a rigged game
North Jersey – “I noticed that the leading hedge fund manager in 2010 earned as much in one hour as the average American family earns in 47 years,” Montclair-based author Les Leopold told The Montclair Times. He wanted to know if […]
Brevan Howard hedge fund hit by emerging market slide
Reuters – Brevan Howard’s emerging market hedge fund, one of the world’s largest, is nursing big losses after the recent sell-off in developing market stocks, bonds and currencies, two sources who have seen the numbers said. The $2.7 billion (1.7 billion […]
Hedge Fund Exits Rise as Investors Reposition at Mid-Year
Reuters – Requests to pull money out of hedge funds rose in June as investors used the mid-year point to review their portfolios and release cash to spend elsewhere. Hedge fund administrator SS&C GlobeOp’s forward redemption indicator, a monthly snapshot […]
Hedge fund managed accounts get serious attention
P&I – Institutional investors are taking a hard look at hedge fund managed accounts as they further unwind hedge funds of funds into direct investments in single- and multistrategy hedge funds or move from separate accounts to gain more control […]
BV Investment Partners Sells Off Hedge Fund Administrator Butterfield Fulcrum
New York (HedgeCo.Net) Private equity firm BV Investment Partners is selling off hedge fund administrator Butterfield Fulcrum to Mitsubishi UFJ Trust and Banking Corporation. The Butterfield Fulcrum Group services more than 850 funds and has seven offices in six countries […]
Libor rigging ‘was institutionalised at major UK bank’
Telegraph – Interest rate rigging was institutionalised at one of Britain’s biggest banks, an insider has claimed, with market manipulation openly discussed between managers, staff and customers. Barclays was last week fined £290m for trying to fix the inter-bank lending […]
Court Says Madoff’s Hedge Fund Victims Can’t Sue Big Banks
New York (HedgeCo.Net) – The trustee in charge of recovering money for the victims of Bernard Madoff’s hedge fund Ponzi scheme aren’t allowed to track down the big banks who allegedly aided in the fraud, a federal appeals court has […]
Swiss global macro manager SteppenWolf launches UCITS IV hedge fund
Opalesque – SteppenWolf Capital, a Swiss-based, macro-focused investment management firm, launched a UCITS IV-compliant fund called “5D SteppenWolf Macro Alpha UI” on 13 May. This German-domiciled fund offers daily liquidity and its fees follow hedge funds’ 2 and 20 structure. The Fund […]
Japan Tobacco Shareholders Reject U.K. Hedge Fund’s Proposals
WSJ – Shareholders of Japan Tobacco Inc. Friday voted down a set of proposals by a U.K.-based activist hedge fund, including a sharp dividend hike. The company, known as JT, has already expressed opposition to the proposals put forward by The Children’s Investment […]
Emerging Market ETFs Deliver Bad News for This Hedge Fund
Nasdaq – Not that the funds needed any additional help searching for new downside, but emerging markets ETFs got just that on Wednesday when Federal Reserve Chairman Ben Bernanke and his colleagues noted that downside risks to the US economy and labor […]
Hedge fund exits rise in June as investors reposition at mid-year
Reuters – Requests to pull money out of hedge funds rose in June as investors used the mid-year point to review their portfolios and release cash to spend elsewhere. Hedge fund administrator SS&C GlobeOp’s forward redemption indicator, a monthly snapshot […]