Monthly Archives: September 2013
In This Battle Arena, Warriors Are Armed With Algorithms
NYT – Michael Chang, 30 years old, is the sort of guy that BattleFin, a recruitment firm searching for hedge fund talent, wants to attract. Six years ago, at a Foxconn plant in Guangdong, China, Mr. Chang used data analysis […]
Event driven only hedge fund strategy in the black for August says Preqin
Opalesque – Preqin’s Hedge Fund Analyst database reveals that event driven was the only hedge fund strategy to produce positive returns in August (+0.49%), with all other single-manager hedge fund strategies falling back into the negative, with a benchmark return […]
Jon Little’s Northill Capital swoops on hedge fund firm
CityWire – Northill Capital, the group founded by former BNY Mellon vice chairman Jon Little, has launched a takeover bid for Alpha Strategic +, which finances hedge funds. Alpha Strategic is already 51% owned by Northill, and has revealed that […]
Puerto Rico’s fat yields luring hedge funds, distressed buyers
Reuters – Puerto Rico’s municipal tax-free bonds yields are luring a new class of buyers: hedge funds and distressed debt investors betting the Caribbean island will keep servicing its massive debt. Trading volumes in Puerto Rico general obligation bonds, which […]
Hedge Funds Are Testing The Advertising Waters
New York (HedgeCo.Net) – Hedge funds seem to be wary of being the first to advertise under the new JOBs Act. Evan Rapoport, founder of industry portal HedgeCo.net, said yesterday. “While hedge funds are finally allowed to advertise, we believe that funds […]
State Street finds hedge fund investors dictate change in industry
Opalesque – Patrick Hayes, head of hedge fund operations, Ireland for State Street’s International Fund Services (IFS), is in an excellent position to assess developments in the global hedge fund industry. Some 1000 people work for State Street’s IFS in Dublin, […]
Matt Taibbi on How Wall Street Hedge Funds Are Looting the Pension Funds of Public Workers
Rolling Stone – In his latest article for Rolling Stone, Matt Taibbi reports that Wall Street firms are now making millions in profits off of public pension funds nationwide. “Essentially it is a wealth transfer from teachers, cops and firemen […]
U.K. Labour Party Promises Tax Hikes For Hedge Funds
FIN – The U.K.’s next general election is still more than a year-and-a-half away, but the opposition Labour Party is already taking aim at hedge funds. Labour leader David Miliband said this weekend that he’d close tax loopholes for hedge […]
Private equity, hedge funds must be understood to be regulated effectively
Oxford University Press – In the aftermath of the global financial crisis, much ill-feeling remains towards Wall Street, the investment banks and those individuals who profit from short-term movements in the financial markets. As the crisis has dragged on, more […]
Hedge funds back Geithner as Fed chief
CNBC – Former U.S. Treasury Secretary Tim Geithner shouldn’t be ruled out as a candidate for the next Federal Reserve chairman, according to delegates at a big U.S. hedge fund event in Singapore. Ben Bernanke’s term as chairman of the […]
Renaissance Technology Hedge Fund Founder Wins Carnegie Medal of Philanthropy
New York (HedgeCo.Net) -The American mathematician who founded one of the world’s most successful hedge fund companies, Dr. James Harris Simons and his wife, economist Dr. Marilyn Simons are this year’s recipients of the Carnegie Medal of Philanthropy, which recognizes those who use […]
Hedge Fund Mergers And Acquisitions: GAIN Capital Completes Acquisition of GFT
New York (HedgeCo.Net) – Hedge fund resource provider GAIN Capital Holdings, Inc., has completed the acquisition of Global Futures & Forex, LTD (“GFT”). “The acquisition of GFT will yield numerous benefits for our clients, partners and shareholders,” said Glenn Stevens, Chief […]