Monthly Archives: June 2011
Nikkei up on short-covering by hedge funds, foreigners
Reuters – Tokyo shares on Tuesday snapped a three-day losing streak in which the market slid 3 percent, as hedge funds covered short positions and as foreigners bought back on cheap valuations, a factor that, some say, may support the […]
Active managers hit their limits
Financial News – Martin Gilbert, the chief executive of Aberdeen Asset Management, has said he expects to have to restrict new investment in his firm’s global equity strategy by the end of this year. Gilbert told Financial News: “We are […]
A Tale of Two Hedge Funds
Advanced Trading – Steven Cohen’s SAC Capital may be under federal investigation and a cloud of bad press, but new investments continue to pour into its coffers while its performance remains robust. According to a report by the Stamford Advocate , the […]
Brazil Hedge Funds Beat U.S. Competitors by Investing in Bonds
Bloomberg – They arrive every week, in ones and twos and groups of 10, some of them coming straight from Sao Paulo’s Guarulhos International Airport. These investors head for the dark-wood halls of Credit Suisse Hedging-Griffo as supplicants, asking to put […]
William Blair acquires Winnetka hedge fund
Chicago Tribune – William Blair & Co., an employee-owned investment firm headquartered in Chicago, is acquiring the Winnetka-based hedge fund founded by former UBS money manager Brian Singer. Singer, chief investment officer of his namesake firm, will join William Blair. […]
Strauss-Kahn Will Plead Not Guilty, Lawyer Says
Bloomberg – Former International Monetary Fund Managing Director Dominique Strauss-Kahn will formally deny charges that he sexually assaulted and tried to rape a Manhattan hotel maid at a hearing today, his lawyer said. Strauss-Kahn, 62, will enter a plea of not […]
Ex-SAC Trader paints bad portrait of insider trading at hedge funds
FierceFinance – Former SAC Capital employee Noah Freeman took the strand as a government witness last week in the trial of expert networking consultant Winifred Jiau. And he managed to paint a damning portrait of the hedge fund industry. Not […]
Survey: Co-domiciled Hedge Funds On The Rise
New York (HedgeCo.net) – A survey report released today by RBC Dexia and KPMG predicts that hedge fund managers will continue to create EU-domiciled hedge funds to complement their Cayman Islands or other offshore offerings, but that the QIFs and SIFs were […]
Hedge Fund Commentary: Institutional Investors Finally Allocating to CTAs
New York (HedgeCo.net) – There has been a recent rise in demand from institutional investors for Commodity Trading Advisors (CTAs), which is a dramatic change from the historical reluctance of many institutional investors and their consultants to allocate to this […]
Goldman Sachs Criminal Probe May Use Powerful New York State Law
BusinessWeek – The criminal investigation of Goldman Sachs Group Inc. by the Manhattan District Attorney’s Office has at its disposal a 90-year-old New York law that makes it easier for state prosecutors to bring charges than their federal counterparts. District Attorney […]
Man and machine suffer in tough May for hedge funds
Money Control – Hedge funds run by computers and star managers alike were hit by May’s choppy markets, as many funds were unable to recoup the heavy losses suffered in the commodities sell-off at the start of the month. Computer-driven […]
At trial, ex-manager details SAC insider trades
Reuters – A former portfolio manager at billionaire Steven Cohen’s hedge fund said he engaged in insider trading “a number of times” at that firm and one other, as he testified at the trial of a technology consultant. Noah Freeman, […]