Monthly Archives: June 2011
Relativity Media to Spin Off Universal Film Fund to Elliott
Bloomberg – Relativity Media LLC agreed to spin off the film-finance fund it set up for Universal Pictures and hand the operation over to Elliott Management Corp. Elliott, the New York-based hedge fund, in turn agreed to invest additional capital in […]
HK court to rule on Tiger hedge fund trading ban within 2 weeks
Reuters – Hong Kong’s high court said on Thursday it will rule within two weeks whether the market regulator is allowed to ban New York-based hedge fund Tiger Asia from trading in the territory and freeze money it says are […]
Citigroup Said to Shut $400 Million Proprietary Fund
Bloomberg – Citigroup Inc., the third-biggest U.S. bank, shut a $400 million hedge fund that used the firm’s money and mathematical models to bet on stocks, according to a person familiar with the matter. The company closed the Quantitative Strategies […]
Hedge Fund Performance for April, Asset Flows Through March
New York (HedgeCo.net) – The economic recovery continued to gain momentum through April, allowing all Morningstar hedge fund categories to post positive numbers for the month, according to Mallory Horejs, alternative investment analyst for Morningstar. “Trend-following strategies in particular profited from the […]
Hedge funds sell faltering US banks
MoneyControl – The recovery of Citigroup and Bank of America provided famed hedge fund managers like Lee Ainslie and Jeff Altman some of their biggest gains last year, but now the smart money is getting out while the getting is […]
Hedge funds bail out as $4 gasoline cuts demand
NT – Hedge funds cut bullish gasoline bets to an eight-month low after retail prices approached the highest level since 2008, curbing demand before the summer driving season began with the Memorial Day weekend. The funds and other large speculators reduced […]
SAC Capital Faces Probe Over MedImmune Trades
TheStreet – Hedge Fund SAC Capital Advisors is being investigated by the Securities and Exchange Commission into whether traders used inside information to profit from the $15 billion takeover of MedImmune in 2007, The Wall Street Journal reported. The investigation […]
Harbinger Capital Says U.K. Wrong, Northern Rock Shares Worth $531 Million
Bloomberg – Harbinger Capital Partners, the hedge fund run by billionaire Philip Falcone, said holders of Northern Rock Asset Management Plc’s preferred shares should be paid 322.5 million pounds ($530 million). The fund owns a “substantial” amount of the shares and […]
Two Hedge Fund CEFs Consider Liquidation
Hemscott – Fund of hedge funds BlackRock Absolute Equity (BARS) is proposing to realise all investments in all three share classes and wind up the fund. Launched in April 2008, the fund raised over £160 million, but is now worth […]
Hedge funds see bargains in discount retail
Reuters – With gas prices and unemployment high, low-income shoppers are not the only ones trying to find the best bargains in discount stores. Some of the largest stock-picking hedge funds jumped into Dollar General Corp, Family Dollar Stores Inc and […]
Frost Investment Advisors’ mutual funds reach $2.5 billion in assets under management
Frost Investment Advisors, LLC, a registered investment adviser, today announced that its Total Return Bond Fund (FIJEX) has surpassed $500 million in assets under management, more than doubling since its launch in 2008. As of April 30, the fund ranked […]