Monthly Archives: June 2013
Rival Funds Hope to Feast on SAC Capital Redemptions
Reuters – A long list of rival hedge funds is eager to tap the billions in outside money that Steven A. Cohen’s SAC Capital Advisors is expected to return to investors by year’s end. Large hedge fund firms structured like SAC, where Mr. […]
Global stock markets fall after World Bank cuts growth forecasts
Guardian – Global markets have fallen amid renewed fears over economic growth after the World Bank cut its forecasts for this year, citing a deeper-than-expected recession in Europe and a slowdown in China and India. It said the global economy was likely to grow by 2.2% this […]
Felix Zulauf and 30-Year-Old Son Start Global Macro Hedge Fund
Bloomberg – Felix Zulauf, a former global strategist at UBS AG (UBSN) who opened his own hedge-fund firm in 1990, is starting a fund in Switzerland with his 30-year-old son that will bet on global macro-economic trends. The fund will […]
Romney Treats Hedge Fund Investors and Politicians To High Powered Retreat
New York (HedgeCo.Net) – The Washington Post reports that Mitt Romney hosted a retreat for lawmakers, investors, business leaders and the like at the five star alpine hotel the Stein Eriksen Lodge. Romney wanted to get all his investors together […]
Hedge Fund Industry Association Head To Step Down
New York (HedgeCo.Net) – Reuters reports that Andrew Baker, Chief Executive Officer of the Alternative Investment Management Association (AIMA) will stand down at the end of 2013, he has been CEO since 2009. “It has been a fantastic honour to […]
RBS ‘should be more like a Canadian bank’ proposes hedge fund chief
Investment Week – The Royal Bank of Scotland (RBS) should be converted so that it resembles a Canadian bank, a document created by a hedge fund boss and unwittingly shown to the press has proposed. Yesterday afternoon, Davide Serra, founder and […]
Hedge Fund Manager And Police Face Off Over Noisy Power Generators
Business Insider – Thanks to to the tireless tweeting of Hamptons Handyman Joe Schwenk (aka HamptonsBorn), we know about a fairly serious confrontation that happened this morning between a hedge fund manager and his generators, a neighbor with a hatred […]
Ex-Citadel Credit Chief Boas Cancels Hedge Fund Plans
Bloomberg – Chris Boas, a former global head of credit at Citadel LLC’s securities unit, canceled plans to start his own hedge fund after failing to raise money from investors. Boas’s Longwood Credit Partners LLP “has decided not to pursue […]
100% Gainers YTD: Hedge Fund Stars Bought
Forbes – Hedge fund kings like John Paulson and Lee Ainslie just made a killing in two junk-mortgage insurers, and the awesomeness of their quick gains will compel other investors to follow. It’s important to remember that high returns like […]
Man’s GLG Wins Leading Pan-European Hedge Fund Award
New York (HedgeCo.Net) – GLG Partners, the hedge fund manager Man Group bought three years ago, was Monday named leading pan-European hedge fund in the 2013 Thomson Reuters Extel Survey. Man Group shares are down 10.85% so far this week but are […]
Milestone Achieved with 100 Percent Distribution to Customers in Lehman Bankruptcy
James W. Giddens, Trustee for the liquidation of Lehman Brothers Inc. (LBI) under the Securities Investor Protection Act (SIPA), announced that additional distributions to former securities customers began today and will continue until all securities customer claims are 100 percent […]
Hedge Funds Up 3.89%: Attract $50 Billion In 2013
New York (HedgeCo.Net) – Hedge funds saw the seventh consecutive month of positive returns in May with mixed returns in global markets. The Eurekahedge Hedge Fund Index was up 0.20% during the month, while the MSCI World Index was down […]