Monthly Archives: September 2013
SEC Charges Former President of California-Based Investment Firm With Fraud
New York (HedgeCo.Net) – The former president of a purported private equity real estate firm based in San Bernardino, Calif., has been charged with defrauding nearly 500 investors who purchased promissory notes under the false premise that they were secured […]
Hedge funds wanted Summers to head Fed
CNN – Billionaire hedge fund managers slammed the White House’s handling of the Federal Reserve chair nomination process thus far and are disappointed that Larry Summers won’t get the job. “I think the process, specifically talking about Larry Summers and […]
Most Traditional Hedge Fund Strategies Probably Aren’t Worth Big Fees Anymore
Business Insider – One of the highlights of yesterday’s Bloomberg Markets 50 Summit was, without a doubt, the conversation between alternatives king Cliff Asness (AQR) and Lawrence M. Schloss, who is the Chief Investment Officer for the City of New York’s $145 […]
Hedge funds decry Larry Summers ‘fiasco’
CNBC – Prominent hedge fund managers on Tuesday criticized President Obama’s decision not nominate Larry Summers to be chairman of the Federal Reserve. “I think the process, specifically talking about Larry Summers and the decision to not move forward with […]
A Hedge Fund Manager Who Doesn’t Mind a Losing Bet
NYT – Meet Mark Spitznagel, the hedge fund manager who doesn’t mind a losing bet. Mr. Spitznagel, the founder of Universa Investments, which has around $6 billion in assets under management, says the stock market is going to fall by […]
Bank of England puts hedge funds’ ‘threat to stability’ under microscope
Evening Standard – The Bank of England’s risk-watchers put hedgies in the spotlight today as potentially vulnerable to rising market interest rates. The Financial Policy Committee, chaired by Governor Mark Carney, is to carry out more research with the Financial […]
HedgeCo Selects Cognito to Provide Hedge Fund Marketing and Communication Services for Leading Funds as JOBS Act Opens Market
New York (HedgeCo.Net) – September 25, 2013 – HedgeCo, a company designed to increase transparency and communication between hedge funds and accredited investors, announced today it has selected leading marketing and communications firm Cognito to provide a range of marketing and […]
Hedge Fund People: Managed Funds Association Announces 2013-2014 Board of Directors
New York (HedgeCo.Net) – The Washington-based Managed Funds Association (MFA), unanimously elected John R. Torell, IV, the managing director and chief financial officer at Tudor Investment Corporation, as its Chair. As a representative of the global community of hedge fund […]
The Cowboy Traders Behind Wall Street’s Largest Hedge Fund Disaster
Financial Adviser – Larry Fink, founder of BlackRock, the New York-based investment management firm, asked a simple question: “When you see aberrant success, you have to ask, “Did I take too much risk?’’ In spring 2006, Fink was “troubled by […]
Cantillon: The global hedge fund community swarms into town
Irish Times – Hotels across Dublin had better stock up on Krug champagne, Louis XIII cognac and Beluga caviar. The cream of the global hedge fund community is in town for an industry jamboree. The hush-hush event is called HedgeCraic, […]
Hedge Funds Are Using FOIA Requests to Obtain Nonpublic Information From Federal Agencies
WSJ – When SAC Capital Advisors LP was weighing an investment in Vertex Pharmaceuticals Inc., the hedge-fund firm contacted a source it knew would provide nonpublic information without blinking: the federal government. An investment manager for an SAC affiliate asked […]
Baupost hedge fund plans to return some money: sources
Reuters – Seth Klarman’s $28 billion Baupost Group, one of the world’s biggest hedge funds, plans to return some money to clients at year’s end, two people familiar with the Boston-based firm’s plans said. It would be only the second […]