Monthly Archives: August 2013
Fortress Second-Quarter Profit Triples on Hedge-Fund Fees
BusinessWeek – Fortress Investment Group LLC, the first publicly traded private-equity and hedge-fund manager in the U.S., said second-quarter profit tripled as fees for beating certain benchmarks rose. Pretax distributable earnings, which exclude some compensation costs and other items, increased […]
Who Are Europe’s Hedge Fund Winners?
WSJ – Overall growth at the top 20 remained virtually flat in the past 12 months, dragged down by poor performance from managed futures strategies but boosted by buoyant equity markets. Guy Wolf, global head of market analytics at commodities […]
Man’s Hedge Fund Arm FRM To Seed Norway’s CommEq
New York (HedgeCo.Net) – Man Group plc‘s fund of hedge fund investment specialist, FRM, has decided to seed CommEq Asset Management as it launches an institutional asset management business. CommEq works with under-explored, unstructured data sources and data streams and claims to […]
SEC Says Largest U.S. Hedge Funds’ Debt Tops $1 Trillion
SEC – The nation’s largest hedge funds had $1.47 trillion in net assets and more than $1 trillion in borrowings as of the fourth quarter, according to the first report compiled on confidential data they provided to the U.S. Securities […]
Fortress Says Second-Quarter Profit Tripled on Hedge-Fund Fees
Bloomberg – Fortress Investment Group LLC (FIG), the first publicly traded private-equity and hedge-fund manager in the U.S., said second-quarter profit tripled because of higher fees paid to the firm for managing its funds. Pretax distributable earnings, which exclude some […]
Ex-SAC team is said to get $90 million for hedge fund
CT Post – A group of former SAC Capital Advisors employees led by portfolio manager Jos Shaver raised about $90 million for a hedge fund, a quarter of that from employees, according to a person familiar with the matter. Electron […]
Roc Capital Said to Shutter Main Hedge Fund After Losses
Bloomberg – Roc Capital Management LP, the hedge-fund firm that counted Deutsche Bank AG (DBK) and the daughter of billionaire Lakshmi Mittal among its investors, is liquidating its main fund after losing money, according to a person with knowledge of […]
Japan regulator says Singapore-based hedge fund manipulated share prices
Reuters – A Singapore-based hedge fund manipulated prices in the Japanese equity market and should pay a 431 million yen ($4.38 million) fine, Japan’s securities regulator said, which would be biggest ever imposed against a non-Japanese firm for market manipulation. […]
Hedge Fund Billionaire Bill Ackman Crushed On Last Day Of July That Did Not Go As Planned
Forbes – Billionaire hedge fund manager William Ackman chose the morning of the last day of July to announce his biggest investment ever, a $2.2 billion bet his Pershing Square hedge fund made to take a 9.8% stake in Air […]
Hedge Fund Founder Sponsors Free Science Repository ArXiv For Five Years
New York (HedgeCo.Net) – James Simons, the founder of hedge fund Renaissance Technologies and his wife Marilyn Simons, both Ph.Ds, have decided to fund open access scientific repository arXiv through an operating grant from the Simons Foundation. The arXiv preprint server at […]
Hedge Fund Specialists to Speak at Third Annual ETF Conference
New York (HedgeCo.Net) – Hedge fund research specialist Morningstar announced the speakers and agenda for its third annual ETF Invest Conference Oct. 3-5 at the Radisson Blu Aqua Hotel in Chicago. Liz Ann Sonders, senior vice president and chief investment strategist, Charles Schwab, will deliver […]
Argentina Takes on Angry Hedge Fund
Courthouse News Services – Argentina claims in court that subpoenas from a hedge fund about the country’s massive bond default dating back to 2001 are part of an “ongoing campaign of harassment. “Argentina filed a motion to quash in Federal […]