Monthly Archives: June 2013
Mutual Fund Launch: Neuberger Berman’s Flexible Select Fund
New York (HedgeCo.Net) – Global hedge fund giant Neuberger Berman Group LLC., has launched the Neuberger Berman Flexible Select Fund, a mutual fund for U.S. investors accessing the ideas of the less-benchmark constrained equity teams at Neuberger Berman. Neuberger Berman […]
Hedge funds build stakes in Severn Trent as bid hangs in balance
Reuters – Two U.S. hedge fund giants have placed bold bets to profit from an attempted takeover of British water company Severn Trent that now hangs in the balance with a consortium threatening to walk away after three spurned bids. […]
TiVo Bump Shows How Hedge Fund Lawyers Gain Edge in Court
Bloomberg – Tom Claps headed to Texas to scope out developments as TiVo Inc. (TIVO)’s trial against Google Inc.’s Motorola Mobility unit neared, with as much as $1 billion at stake over rights to digital-video-recorder technology. Calling the court clerk June […]
Institutions taking divergent paths in revamping hedge fund portfolios
Pensions & Investments – Hedge fund portfolio revamps are front and center on CIOs’ desks as institutions, especially public pension plans, refine their investment approaches. The South Carolina Retirement System Investment Commission and the Teachers’ Retirement System of the State […]
Hedgies cut ties with think tank
NYP – Money management heavy hitters Cliff Asness, Henry Kravis and Thomas McWilliams have blinked. The trio are cutting their ties to the Manhattan Institute, the conservative think tank whose policy experts have called for the abolition of defined benefit public […]
Scaramucci Seeks Money for Manhattan Hedge-Fund Hangout
Bloomberg – Anthony Scaramucci, the investment entrepreneur known as the “Mooch,” is teaming up with a restaurant owner and a former Morgan Stanley executive to open a Manhattan eatery catering to hedge-fund and private-equity professionals. The group, which includes restaurateur […]
SAC Capital Redemptions $2 to $3 Billion: Exclusive
CNBC – The hedge fund SAC Capital received between $2 billion and $3 billion in requests last week from investors for the return of capital, say people familiar with the matter, with the total being closer to $3 billion amid […]
Hedge fund foundation pledges £500m-plus to fight malnutrition
Telegraph – A foundation funded by a London hedge fund has donated $787m (£517m) to tackle children’s malnutrition, at a summit hosted by David Cameron. The donation by the Children’s Investment Fund Foundation (CIFF), funded by the profits of Chris […]
SEC Charges California Hedge Fund Manager in Insider Trading Investigation
New York (HedgeCo.Net) – The SEC has charged a California-based wealth management company and a former hedge fund manager with insider trading on non-public information about technology companies. The SEC alleges that Whittier Trust Company and fund manager Victor Dosti […]
CAIA Honors Six “100 Women in Hedge Funds/CAIA Scholars”
New York (HedgeCo.Net) – Karla Canavan, of Bunge SA, Majlinda Kamberi, from Larch Lane Advisors, Kathryn Kaminski, at the Royal Institute of Technology, Nimisha Patel, of Segal Rogerscasey, Veronica Wong, from Moon Capital Management, and Tenke Zoltani, of Islan Asset Management, have earned […]
Hedge fund that manages SAC money had tough year through April
Reuters – As billionaire investor Steven A. Cohen deals with a spate of redemptions out of his own hedge fund, another firm in which his SAC Capital Advisors has money saw returns plummet in the first four months of the […]
Liquidation model similar to hedge fund side pockets
Pensions & Investments – Zombie fund restructurings are similar to coordinated liquidations of hedge fund side pockets, said Peter McGrath, president of Toronto-based Setter Capital Inc., an alternatives investment firm that invests on the secondary market. In both cases, investors […]