Monthly Archives: June 2013
As Japan seeks revival, hedge funds bet on a bust
Miami Herald – Until a couple of months ago, Takashi Yamada had one of the most genteel jobs in Japan. Now, his days are so harried he doesn’t have time to eat lunch. Yamada, 45, is a government-bond trader at […]
Wealthy turn hedge funds into family offices
USA Today – For hundreds of years, family offices have been the financial equivalent of social registers — small, musty preserves of the rich that have little impact on the real world. But now, because of a giant regulatory loophole, […]
Trader’s Assets Frozen by U.S. Court After Smithfield Deal
Reuters – U.S. regulators have obtained a court order freezing the assets of a Thailand-based trader, saying he reaped $3.2 million in illegal profits after getting a tip ahead of the announcement that a Chinese meat company was buying Smithfield […]
Taxpayers To Receive $1.03 Billion From Sale Of GM Common Stock
The U.S. Department of the Treasury today announced that it has agreed to sell 30 million shares of General Motors Company (GM) common stock at $34.41 per share in an underwritten public offering in conjunction with GM’s inclusion in the […]
SEC May Use Rengan Rajaratnam As Link To SAC Hedge Fund
New York (HedgeCo.Net) – Rengan Rajaratnam has pleaded not guilty in NY court to charges of conspiring in an insider trading scheme to illegally earn nearly 1.2 million. He has been charged with conspiring with his older brother, the imprisoned hedge fund manager Raj Rajaratnam, […]
For two hedge funds, SAC redemptions hit close to home
Reuters – Two small investment firms that manage money for SAC Capital Advisors have a lot at stake, as billionaire investor Steven A. Cohen moves to return about $4 billion to his outside investors. The firms, Adams Hill Capital and […]
Rough Ride for Currency-Focused Hedge Funds
Money Journal – Currency-focused hedge funds performed poorly as the dollar swung back and forth in May and even worse during the greenback’s fall this week, according to a widely watched barometer of these investors’ returns. The Parker Global Currency […]
Japan-Focused Hedge Funds Seen Boosting Assets 20% on Abenomics
Bloomberg – Japan-focused hedge funds may see their assets increase 20 percent this year on expectations that Prime Minister Shinzo Abe’s policies and stimulus measures will boost growth, according to Eurekahedge Pte. About $3 billion could be added to the […]
Alternative-investment firms are preparing to pitch to the public
The Economist – Tobacco and alcohol brands face heavy restrictions when it comes to advertising. Hedge funds and other purveyors of alternative investments have suffered similar prohibitions on marketing their products. That ban may soon be lifted in America. (Europe’s […]
Fewest Hedge Funds Invest in Gold Since 2010 as Assets Decline
Bloomberg – The rout in gold that drove the metal into a bear market cut the number of hedge funds investing in bullion to the lowest level since 2010 as assets slumped 31 percent this year on losses and redemptions. […]
Hedge funds profit as Cyprus restructuring looms
IFR – Hedge funds who took a punt on Cyprus when the country ran into trouble last June have averted the threat of capital controls and stand to realise annual returns of at least 25% from buying the country’s four-year €1.4bn international […]
Ex-Janus Hedge Fund Managers Acquire California Fund
New York (HedgeCo.Net) – Arrowpoint Partners, the Denver-based investment firm founded by former hedge fund managers at Janus Capital Group Inc announced plans to acquire Aster Investment Management Co., of Larkspur, Calif., according to a Bloomberg report. The deal is expected […]