Monthly Archives: August 2011
Dow Jones Credit Suisse Core Hedge Fund Index: Hedge Funds Hold Their Own in August
In one whiplash inducing week on Wall Street, markets have experienced some of the most extreme consecutive pricing swings on record, ultimately resulting in a 13.6% loss for the Dow Jones Global Index month-to-date (through August 10th). However, according to Oliver Schupp, […]
Warren Buffett: Stop Coddling the Super-Rich
NYT – Our leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched. While the poor and […]
UK Hedge funds banned for flagrant deception
Telegraph – Michiel Visser and Oluwole Modupe Fagbulu, who ran Mercurius Capital Management, were fined £2m and £100,000 respectively and banned from working in regulated financial firms. The financiers managed €35m for 20 investors between June 2006 and January 2008 […]
Paulson’s 10 Best New Investment Ideas
TheStreet – Paulson & Co. founder John Paulson has endured a tumultuous year as his hedge fund has fallen more than 30%. The billionaire investor is seeking to rebound with new investments in companies including News Corp. and Mosaic. After […]
Nanotech Hedge Fund Investor Gets $11 Million Funding by U.S. Department of Energy
New York (HedgeCo.net) – Hedge fund investor Nanostart’s holding Nanosys Inc. has received funds from the U.S. Department of Energy (DOE), as part of the DOE’s larger mission to accelerate the development and deployment of advanced vehicle technologies through targeted […]
Private Equity Activity Remains Steady in Second Quarter
Private equity activity continued at a steady pace in the second quarter of 2011, according to the Private Equity Index (PE Index) released today by the Private Equity Growth Capital Council (PEGCC). As of June 30, 2011, the PE Index […]
Citadel eager to sell i-bank unit, funds soar
Reuters – Hedge fund firm Citadel appears to be one of the industry’s few big winners during the market sell-off as it delivered strong returns and moved to shed non-core operations. Chicago-based Citadel’s two main funds were up 14 percent […]
The Global Hedge Fund Association Responds To Short Selling Bans
New York (HedgeCo.net) – The global hedge fund association, AIMA, has responded to the temporary short selling bans introduced by France, Italy, Belgium and Spain. “We do not think these bans will help the current market situation.” The Alternative Investment […]
Fake Hedge Fund Operator Gets 5 Years
Bloomberg – Benjamin Koifman, who pleaded guilty to conspiracy for his role in a scheme to cheat investors with a phony New York-based hedge fund, was sentenced to five years and three months in prison. Koifman and William Shternfeld ran […]
Louisiana pension funds may rue quick hedge fund deal
NOLA – Standing before the trustees of one of the state’s largest pension systems, Joe Meals began his pitch with an apology. Meals, the executive vice president and senior consultant of the Nashville firm Consulting Services Group, offered a new […]
Movers & Shakers: Sebastian Mallaby talks about hedge funds
Crain’s – The urge to close down a fund is always there because hedge funds are a high-stress occupation, and the moguls you mentioned have plenty of their own money. But leaving the business is hard. Soros tried to shut […]
Omega Hedge Fund Dumps Bank Stocks
TheStreet – Hedge fund manager Leon Cooperman is proving to be as prescient as David Tepper by dumping positions in bank stocks like Bank of America and Citigroup during the second quarter. Cooperman’s Omega Advisors, based in New York, reported […]