Monthly Archives: June 2011
U.S. colleges accused of African “land grabs”
CBS News – The questionable, unchecked, speculative practices of large financial institutions that sent the world into a near-calamitous economic recession recently are being repeated in Africa through land-grabbing deals, The Oakland Institute, a California-based think tank, said in a recent […]
Burbank Contrarian Bets on Saudis Show Why Oil Reality Helps Return 23.6%
Bloomberg – As a hedge-fund manager who thrives on turbulence in the commodities markets, John Burbank couldn’t have done better than the first week of May. The prices of oil, metals and other raw materials nose- dived the most in […]
Hedge Funds Outperform In May
New York (HedgeCo.net) – Hedge funds were down 1.15%1 in May, ending a ten month winning run for the industry. However managers in all regions outperformed their respective underlying market indices, as the MSCI World Index declined by 2.52%2 during […]
Grassley Grants More Time for S.E.C. Response
NYT – The Securities and Exchange Commission is seeking more time to respond to a Congressional request regarding how the agency handled referrals about suspicious trading activity at the hedge fund SAC Capital Advisors. In a letter last month, Senator Charles E. […]
Ex-Primary Global executive to plead guilty: lawyer
Reuters – A former employee of a so-called expert network firm is expected to plead guilty to charges of conspiring with others to leak corporate secrets to hedge funds in exchange for money, part of a broad U.S. crackdown on […]
Muddy Waters ‘Pre-Marketed’ Sino-Forest Report to Hedge Funds, Dundee Says
Bloomberg – Muddy Waters Research, the firm founded by short seller Carson Block, “pre-marketed” its June 2 report on Sino-Forest Corp. (TRE) to hedge funds for the past five weeks, said an analyst at Dundee Securities Ltd. Sino-Forest tumbled 34 […]
ETFs That Hedge and Diversify
MorningStar – After lackluster equity returns in the past 10 years, many investors are increasing their allocations to alternative investments. The world of alternative investment strategies is quite broad, but it generally means an investment that offers diversification benefits to […]
CalPERS redeems from hedge fund portfolio
HFM – The $233.6bn California Public Employees’ Retirement System (CalPERS), the largest public pension fund in the US, has made a series of redemptions from its hedge fund portfolio over recent months. The pension’s most recent financial statements reveal that CalPERS […]
Freight Traders Luring Hedge Funds to Expand Market
Bloomberg – The new freight derivatives trading screen from the Baltic Exchange, a 267-year-old bourse that sets global shipping prices, will attract hedge funds and expand the $24 billion market, Citigroup Inc. (C) and Cargill Inc. said. Baltex starts today after a […]
BNY Mellon Asset Management Names Alan Harden as CEO of Asia-Pacific
BNY Mellon Asset Management has announced the appointment of Alan Harden as CEO of Asia-Pacific. He will report to Curtis Arledge, vice chairman of BNY Mellon and chief executive officer of BNY Mellon’s Investment Management division, which includes the asset […]
Hedge Fund Commentary: Equity Market Pundits and Real Returns
New York (HedgeCo.net) – Hedge fund investor adviser, Hennessee Group LLC, has put out a new Whitepaper analyzing the historical relationship between inflation and equity prices dating back to the 1970’s. According to Hennessee Group’s research, the equity market, represented […]
SEC, not SAC Capital, is target of Senate probe
Reuters – U.S. Senate investigators digging into SAC Capital Advisors and its founder Steve Cohen have their sights on the Securities and Exchange Commission’s handling of a probe, and are not themselves launching an independent investigation of the hedge fund. […]