Monthly Archives: June 2012
Hedge fund managers in nervous mood for Monaco summit
(Reuters) – Three days in sun-soaked Monaco won’t be enough to stir hedge fund managers from their downbeat mood, made worse by a euro zone crisis that has prompted much soul-searching about the industry’s future after years of lacklustre returns. […]
Hedge funds made small gain in May
(Reuters) – Hedge funds managed to eke out a small profit in May, data showed on Friday, even as a resurgence of the euro zone debt crisis roiled markets and sent equity prices tumbling. The GlobeOp Hedge Fund Performance Index, […]
Galleon hedge fund case brings down Former Goldman Sachs director Rajat Gupta
New York (HedgeCo.Net) – Preet Bharara, the United States Attorney for the Southern District announced that Rajat K. Gupta, former corporate chairman of an international consulting firm and a member of the Boards of Directors of The Goldman Sachs Group […]
Citi Prime Finance Survey shows Hedge Fund Assets doubling in 5 years
New York (HedgeCo.net) – A recent study from Citi Prime Finance projects a doubling of assets in upcoming years. This news comes on the heels of a Reuters report that shows $5 Billion outflows in the month of April. BarclayHedge […]
Out-of-Work Hedge Fund Manager Needs Suggestions for a New Hobby
NY Magazine – In an earlier era, hedge fund managers who found themselves out of work had two or three acceptable options for passing the time between gigs: golf, tennis, and maaaaaybe poker. (Though that’s sort of Einhorn’s thing.) Now, though, […]
Unusual Assets Owned By Hedge Funds
Reuters – Hedge funds are widely known as investment vehicles for the wealthy because of their high risk investment strategies. Similar to mutual funds, in the way that they employ a manager and that the investments are pooled together, hedge funds are drastically […]
Ex-Och-Ziff duo’s Asia hedge fund boosts pipeline
Reuters – Two former managing directors of Och-Ziff Capital Management, Manoj Jain and Sohit Khurana, are starting their own hedge fund in Hong Kong by the end of the year, sources said, boosting a strong pipeline of start-ups in the […]
Credit Hedge Funds Profit Despite Rocky Markets
Reuters – In a year of uneven returns for many U.S. hedge funds, managers who invest mainly in bonds have outshone stockpickers. Over the first five months of the year, credit-focused hedge fund portfolios were up 4.11 percent compared with […]
Finland-Based Estlander & Partners Expands Hedge Fund Operations To U.S.
New York (HedgeCo.net) – Estlander & Partners, Inc., a Finnish alternative hedge fund investment management company and Commodity Trading Advisor (CTA) has launched of its U.S. operations based in Stamford, Connecticut, which will be led by Dan Rizzuto, CFA, as […]
GlobeOp: Hedge Funds Advance 1.60% in June
New York (HedgeCo.net) – Hedge fund flows as measured by the GlobeOp Capital Movement Index advanced 1.60% in June. “Solid net flows into hedge funds continued in June,” said Hans Hufschmid, chief executive officer, GlobeOp Financial Services (LSE:GO.). The GlobeOp […]
Sinclair To Liquidate Hedge Fund After Lacking Edge
Bloomberg – Hedge-fund manager Paul Sinclair is the latest casualty of Europe’s sovereign-debt turmoil, almost six thousand miles away from the epicenter of the crisis. Sinclair, who is based in Los Angeles, is liquidating his $458 million health-care equities fund,Expo Capital […]