Monthly Archives: June 2012
Hedge Funds Lose 2.9% in Worst Month Since Sept.
BusinessWeek – Hedge funds fell 2.9 percent in May, their worst month since September, as stocks slumped on concern Greece may exit the euro and the global economy is weakening. The decline was driven by long-short equity, multistrategy and global […]
Global X Launches Hedge Fund Replication ETF
ETF Trends – Closely following the launch of the AlphaClone hedge fund replication exchange traded fund, Global X is also marketing an ETF based on top hedge fund picks. On Tuesday, the Global X Top Guru Holdings Index ETF (NYSEArca: […]
Hedge Funds Failing to Deliver Taxes to Connecticut: Muni Credit
Business Week – Connecticut Governor Dannel Malloy is learning you can’t always count on the rich. The Democrat last month deferred debt payments, trimmed programs and diverted funds as tax revenue came up short and opened a $200 million budget […]
Former Governor of the FED, Randall Kroszner to Join EQA Hedge Fund
New York (HedgeCo.Net) – EQA Partners, an alternative investment manager whose expertise lies in currencies and traditional global macro strategies, today announced the appointment of Dr. Randall Kroszner as Partner and Chief Economist, a new position. Dr. Krozner’s distinguished career […]
Astenbeck hedge fund down 14 percent in “Mensis Horribilis”
Reuters – Andrew Hall’s $3.1 billion commodity hedge fund lost 14.4 percent in May, as crude prices tumbled a month after the legendary energy trader told investors he was bullish on oil because of tightening global supplies, according to sources […]
In Controversial Self-Regulatory Organization Proposed Bill, Hedge Funds Are to be Exempt
Forbes – Congressional Bill HR4624, the “Investment Adviser Oversight Act of 2012” has been introduced into Congress, with a hearing scheduled to be held tomorrow, June 6, 2012. The co-sponsors of the Bill are Finance Committee Chairman Spencer Bachus (R-AL) […]
Hedge Fund Senrigan Capital to score big with $50mln Co-investment from Blackstone Group
New York (HedgeCo.Net) – Nick Taylor, British born portfolio manager of the 3 year old Senrigan Capital, has entered into a $50 million to co-investment deal with it’s long-time investor Blackstone Group. With over $1 Billion under management, Senrigan is […]
Deutsche Bank’s dbRemarket Auction Platform for trading interest in Hedge Funds and Private Equity Now Operates as a Qualified Matching Service
New York (HedgeCo.Net) – New York Deutsche Bank’s Trust & Securities Services (“TSS”) unit, part of its Global Transaction Banking division, has received Qualified Matching Service (QMS) designation from the Internal Revenue Service (IRS) for its dbRemarket platform. The service […]
Hedge fund bets against euro hit record
Europe’s common currency is expected to stay under pressure as data indicated a new record amount of hedge fund bets against the euro, which fell to a near two-year low against the US dollar last week. Mounting concerns over Spain’s […]
Global downturn puts investors, companies in retreat
(Reuters) – Gripped by fears that Europe’s debt crisis is driving the world economy into a ditch, companies are delaying plans to raise capital and canceling deals, while investors are taking refuge in cash or any other place they think […]
Hedge Fund Fraud: Magnus Peterson of Weavering Capital Fund Guilty
New York (HedgeCo.net) – After a long and drawn out trial regarding the collapse of the UK’s largest Hedge fund, Magnus Peterson the boss of the Mayfair-based Hedge Fund has been found guilty of fraud and breach of duty and […]
Burbank Bets On Global Recession With Subprime Conviction
Bloomberg – In the dozen years that John Burbank has run his $3.4 billion Passport Capital hedge fund, he’s never been as negative on global stocks as he is now. Burbank, 48, expects that the U.S. and much of the rest of […]