Monthly Archives: September 2013
Powerful group of hedge funds tables alternative plan to plug £1.5bn black hole at Co-op bank
A powerful group of hedge funds has tabled alternative plans to plug a £1.5bn black hole at the Co-op bank. Furious investors also accused the Co-op’s bosses of refusing to come to the negotiating table. Financial adviser Moelis & Company made […]
Ding Dong, Hedge Funds Calling
Private Wealth – Avon made itself into a makeup empire by arming young women with catalogs and sending them out to tell potential buyers across America that its products were better and cheaper than more familiar brands. What if hedge […]
Morgan Creek offers fund for retail clients to taste hedge funds
Reuters – Morgan Creek Capital Management, which invests with hundreds of hedge funds, is now giving retail clients access to these normally exclusive portfolios through a mutual fund. Morgan Creek, based in Chapel Hill, North Carolina, is the latest investment […]
Wielding Broader Powers, S.E.C. Visits Hedge Funds in London
NYT – The Securities and Exchange Commission, which has actively pursued actions by American banks and other financial institutions overseas, is broadening its reach by asserting its purview to foreign hedge fund managers. Agency employees are set to fan out […]
Hedge Funds Dump Bullish Bets On US Oil As Threat Of Syria War Recedes
New York (HedgeCo.Net) – Hedge funds have cut down on their bullish bets on West Texas Intermediate (WTI) crude now that the risk of disruption in Middle East oil exports has been diminished, Bloomberg reports. “The last few weeks, the market […]
Five years after Lehman, Americans still angry at Wall Street: Reuters/Ipsos poll
Reuters – A few years ago, Larry Summers, then the director of President Barack Obama’s National Economic Council, held a private meeting with some of Wall Street’s top bankers and executives. Although the worst of the financial crisis was over […]
China Allows Six Foreign Hedge Funds To Set Up Shop
ValueWalk – China has given six foreign hedge funds the right to raise funds in yuan to invest overseas, a strong move towards opening the country’s economy and internationalizing its currency, writes Amy Li for The Wall Street Journal. The funds […]
Fredrick Scott Pleads Guilty to Using Manhattan-Based Hedge Fund Firm to Steal More Than $1 Million
New York (HedgeCo.Net) – Hedge fund founder and adviser Fredrick Douglas Scott, one of Ebony magazine’s “Top 30 under 30,” has pleaded guilty to engaging in a wire fraud conspiracy to steal over $1 million from investors and lying to officials from […]
PhillyDeals: ‘A real mistake’ on Pa. workers’ retirement plan
Philly.com – If you want to watch people gamble their own money, head to the casino. To watch people bet your money, go see a monthly board meeting of the $25 billion Pennsylvania State Employees’ Retirement System (SERS), where the […]
Surz introduces the world to Mr. Hedge in fourth film
P&I – It’s a bit early to be thinking about the Oscars, but investment analytics consultant PPCA Inc. has already self-nominated its animated short feature “Send in the Clones” for the Best Revelation award. First, queue up the five-minute movie below. […]
S&P Capital IQ Partners with Arista Networks to Further Enhance its Direct Market Access Technology
S&P Capital IQ Real-Time Solutions, the global provider of innovative market data services, and trading and infrastructure solutions has partnered with Arista Networks. The collaboration with Arista, leaders in software defined cloud networking solutions, will provide S&P Capital IQ Real-Time […]
Scene Last Night: Hedge Fund Rooftop Party, Cufflink Man
Bloomberg – There’s a place for hedge-fund professionals where everyone knows your name, and it’s not the offices of the Securities and Exchange Commission. Adam Weinstein, a managing director at New Mountain Capital LLC, David Cielusniak, chief operating officer of […]