Monthly Archives: August 2011
Fund Of Hedge Fund Industry M&A Trending Upward
Sadis & Goldberg Update – The alternative investment industry, and specifically the fund-of-funds space, seems to have reached an inflection point, as demonstrated by the recent surge in M&A activity. Based upon conversations with our clients, we expect that this […]
Cantor Seeks Hedge Funds of Funds in Asset-Management Push
AP – A New York judge has rejected a request by lawyers for a one-time billionaire convicted in an insider trading case to reverse the jury verdict. Judge Richard Holwell (HAHL’-wehl) ruled Tuesday that evidence supported the conviction of Raj […]
Hedge fund group spent $1 million lobbying in 2Q
Forbes – A trade group representing hedge funds spent more than $1 million in the second quarter lobbying federal officials on new regulations that will expand disclosure requirements for the funds. The $1.03 million that the Managed Funds Association spent […]
Hedge fund giant Paulson & Co. dissolves stake in Boston Scientific
Mass Device – Paulson & Co. Inc. is Boston Scientific Corp.’s largest shareholder no more, after liquidating its position in BSX completely by selling off some 15 million shares of the Natick, Mass.-based medical device company during the second quarter. […]
Mega Hedge Fund Bets Big on Sirius XM Radio
SeekingAlpha – PG-Axon Management is a New York based hedge fund with more than $2.9 billion in reported long equity positions in U.S. listed stocks. The fund operates a concentrated portfolio of diverse names, including Sprint Nextel Corp., Mosaic Co. and […]
Paulson, Soros Pared Financial Stocks Last Quarter Before Losses
Bloomberg – Hedge funds run by John Paulson, George Soros and Steve Mandel cut back on bank shares in the second quarter, before Citigroup Inc. and Bank of America Corp. lost more than one-fifth of their value. Tudor Investment Corp. […]
HedgeMark Hires Three Hedge Fund Specialists: Dubrovay/Houlihan/Kakalios/
New York (HedgeCo.net) – HedgeMark International, LLC., announced today that Jaeson Dubrovay has been named Managing Director, Portfolio Solutions and Kristoffer Houlihan has been named Managing Director, Portfolio Risk Solutions. Stephanie Kakalios joins HedgeMark as Director of Project Management. “A key […]
Soros Makes Wholesale Changes to Fund
TheStreet – Legendary investor George Soros, 81 years old, had a wild second quarter as his $5.6 billion hedge fund added 198 new stocks and sold out of 348 in what turned out to be a wholesale reshuffling of his […]
One-third of Nordic investors to increase hedge fund exposures
Global Pensions – Nordic investors are continuing to show optimism in hedge funds with nearly a third planning to increase their exposure this year to strategies like global macro, event driven and long/short funds, a new report shows. The SEB […]
Pennsylvania Man Pleads Guilty to Role in $17.6 Million Investment Fraud
Bloomberg – A Pennsylvania man admitted to his role in a $17.6 million Ponzi scheme that defrauded more than 260 investors. Robert Stinson Jr., 56, of Berwyn, pleaded guilty in federal court in Philadelphia today to 26 charges, including wire fraud, mail […]
Cohen’s SAC Capital Takes Position In Gold ETF; Bulks Up On Apple
Barron’s – Hedgie Steven Cohen’s SAC Capital Advisors has disclosed in SEC filings that it has opened a new position in options on the SPDR Gold Trust (GLD). The investment means one of the industry’s biggies has made a bet […]
Hedge Fund Acquisitions: Alaris/Concept Capital Markets
New York (HedgeCo.net) – Alaris Trading Partners, LLC has been acquired by Concept Capital Markets, LLC. “Bringing our two companies together will allow us to capitalize on each other’s best practices, enhance our already high level of customer service, and provide our […]