Monthly Archives: June 2013
Should Doctors Be Paid Like Hedge Fund Managers?
Forbes – Reinhardt argues that the best standard for judging the level of doctors’s pay is the pay available in other U.S. occupations that compete for the same talent pool, and he suggests a comparison to financial market professionals: “The […]
Hedge Funds Boost Gold Bull Bets Most in Two Months: Commodities
Bloomberg – Hedge funds raised bets on a gold rally by the most in two months as the U.S. economy expanded less than previously estimated, boosting speculation the Federal Reserve will maintain the pace of stimulus. Speculators raised their net-long […]
New tax exemption seen drawing hedge funds to Hong Kong
Money – More hedge funds and private equity firms will set up in the city because of a government reform plan and the internationalisation of the yuan, industry representatives say. Philip Tye, chairman of the Hong Kong branch of the […]
Hedge funds approve Nine cricket counter bid: report
Business Spectator – Nine Entertainment Co’s hedge fund owners and board are backing chief executive David Gyngell’s push to match rival Ten Network Holdings’ surprise $550?million bid to wrest cricket broadcasting rights from Nine, according to The Australian Financial Review. Nine has held the rights […]
Hedge fund’s wild side: The man who lost $8 billion
Salon – In the summer of 2005, hotshot Amaranth Advisors LLC trader Brian Hunter spied a bargain. Natural gas supplies nationally were plentiful, gas production was unusually high, and by midsummer storage facilities were brimming with the stuff. Prices were […]
Investors flee SAC Capital
CNN – As SAC Capital fights to fend off an insider trading investigation, investors are running away from the hedge fund. Both SAC and its founder Steven A. Cohen have been at the epicenter of a federal investigation into insider […]
Hedge Fund Jobs Act May Be Postponed
New York (HedgeCo.net) – The Investment Adviser Law Blog reports that the SEC may miss the deadline to adopt rules that would lift the ban on advertising and general solicitation by hedge funds and other private pooled investment vehicles, according […]
Hedge Fund People: Black Diamond Capital Management Hires Jean Fleischhacker
New York (HedgeCo.net) – $11 billion hedge fund firm, Black Diamond Capital Management LLC, announced the appointment of Jean Fleischhacker as Senior Managing Director, Business Development. Ms. Fleischhacker will lead the structuring and marketing for CLOs, other structured products, and […]
Magnum announces hedge funds liquidations: Jericho, MG Secured Debt, TM IndiaStar
Opalesque – According to Magnum U.S. Investments, Inc, a fund of hedge funds manager and hedge fund sponsor, Jericho Tax Lien Offshore Investments Ltd and Jericho 2010 Tax Lien Fund LP have returned capital to investors and are no longer […]
EU plans curbs on hedge fund pay
Business Report – European regulators published draft rules on Thursday to crack down on excessive bonuses for managers of hedge funds, a sector politicians have blamed for worsening euro zone debt problems. Policymakers have already clamped down on bankers’ bonuses, […]
U.S. hedge fund asks telecom Telus to disclose foreign ownership levels
Canadian Business – U.S. hedge fund Mason Capital Management has asked Telus Corp. (TSX:T) to address uncertainty that has been raised about the telecom company’s compliance with foreign ownership rules. Mason Capital said Thursday that a complaint by small Canadian […]
Hedge fund eyes 35 percent return from Greek bonds buy
Reuters – London-based hedge fund firm Adelante Asset Management has bought a position in the cut-price bonds of debt-laden Greece, betting that efforts by European politicians to restructure its debt mountain will provide a short-term boost to bond prices. The […]