Monthly Archives: August 2014
Banks’ pressure stalls opening of U.S. derivatives trading platform
Reuters – The first interdealer trading platform aimed at opening up credit derivatives markets to new competition has hit roadblocks due to resistance from some banks that dominate such trading, according to several people familiar with the situation. Derivatives markets […]
Goldman Sachs’ 50 Stocks That Matter Most to Hedge Funds
The Street – Recently, Goldman Sachs released their quarterly Hedge Fund Trend Monitor report. To compile the report, Goldman analyzed 775 hedge funds with $1.9 trillion of gross equity positions ($1.4 trillion long and $666 billion short) at the start […]
Brazil Candidate Neves Wants Hedge Fund Manager as His Finance Minister
Telesur – Conservative Brazilian presidential candidate Aecio Neves announced on Wednesday that he would tap a former hedge fund manager as his finance minister should he win the country’s upcoming election. Neves said during Wednesday night’s televised presidential debate with President […]
BNY Mellon Loses Argentina Trustee Role, Sued by Hedge Funds
Zacks – The Bank of New York Mellon Corporation (BK – Analyst Report), the center of legal dispute that pushed Argentina to default for the second time in 13 years, is no longer authorized to operate in the country. The […]
Hedge funds investing in India turn top performers
Singapore: Hedge funds investing in India have become the world’s best performers this year on expectations that Prime Minister Narendra Modi will revive Asia’s third- largest economy. The funds investing in the South Asian nation have returned 26% this year […]
Illinois Teachers maps out 2015 real estate, hedge fund deployments
P&I – Illinois Teachers’ Retirement System, Springfield, plans to deploy a total of at least $1 billion with real estate and hedge fund managers in the fiscal year ending June 30, 2015. Trustees of the $45.3 billion pension fund approved […]
Top Hedge Funds In Q2: Citadel, Renaissance & Millennium Management
New York (HedgeCo.Net) – A review of 2014 Q2 13F filings by US-based pure play hedge funds show that information technology and healthcare stocks saw the largest growth in new hedge fund buying activity during Q2 2014, with Allergan and […]
Hedge Fund Mergers: Kanaly Trust Partners With Meritage Capital
New York (HedgeCo.Net) – $2 billion adviser and wealth management firm Kanaly Trust has partnered with Meritage Capital, a $1.1 billion SEC-registered investment adviser specializing in differentiated hedge fund solutions. “As Kanaly sees itself as a firm that listens to […]
Star trader Rokos slugs it out with hedge fund he co-founded
Reuters – Former Brevan Howard star trader Chris Rokos has stepped up his legal challenge to a partnership agreement imposing a five-year ban on him setting up in competition against the hedge fund firm he co-founded. The contractual dispute offers […]
CME says trading halt linked to software reconfigurations
Reuters – CME Group Inc., the world’s largest futures exchange operator, said it halted trading on its electronic platform for four hours on Monday [Aug. 25] because of a technical issue resulting from planned software reconfigurations. CME, which owns the […]
India Hedge Funds Perform Best Globally on ‘Modi, the Hero’
Bloomberg – Hedge funds investing in India have become the world’s best performers this year on expectations that Prime Minister Narendra Modi will revive Asia’s third-largest economy. The funds investing in the South Asian nation have returned 26 percent this […]
Hedge fund riding to rescue of RadioShack
USA Today – RadioShack shares soared Tuesday when it appeared that the electronic retailers may be plugging into a lifeline. The electronics retailer is talking to a shareholder, hedge fund Standard General, about a rescue package that could prevent a […]