Monthly Archives: September 2013
Hedge Funds Are Among the Winners of the Lehman Spoils
Yahoo – Lehman Brothers Holdings Inc.’s historic bankruptcy burned the once-highflying securities firm’s investors, employees and many others. But five years later, a group of hedge funds has found a way to profit handsomely from it. In the past 18 […]
People Moves: Prominent Hedge Fund Attorney Joins NY’s Murphy & McGonigle
New York (HedgeCo.Net) – Former director at Merrill Lynch and Senior Counsel in the Division of Enforcement at the SEC, Lindi Beaudreault, has joined Murphy & McGonigle as a partner in its New York office. “We have known Lindi for many years and […]
Who Hedge Fund Managers Backed In The NYC Mayoral Primary
New York (HedgeCo.Net) – Prominent NYC hedge fund managers came up empty in the NYC Democratic mayoral primary, Absolute Return reported today. Dan Loeb (Third Point), Robert Ziff (Och-Ziff) and Peter McKown (Prince Street) were among those giving big to […]
Banks Allying With Hedge Funds as Capital Rules Bite
BusinessWeek – Breezing into a sunlit conference room near London’s Hyde Park Corner wearing an open-collared white shirt that frames his square jaw, Loic Fery exudes the confidence of a soccer club owner who’s enjoyed success on the pitch and […]
There is still opportunity in mortgages: Top hedge fund
CNBC – Deepak Narula, who runs a group of real estate hedge funds, told CNBC on Thursday that there is still “plenty to do” in the mortgage market, despite rising rates and an impending taper of the Federal Reserve’s asset […]
Macro hedge fund manager joins Swedish state fund
FN – Kerim Kaskal was announced as the Tredje AP-Fonden’s new investments chief earlier this month, and will take up the position on October 1. He was previously deputy chief investment officer at Nektar Asset Management, Brummer’s €3.5 billion macro […]
Hedge-Fund Manager 36 South Doubles Bets on Securities Swings
Bloomberg – 36 South Capital Advisors LLP, whose Black Swan Fund returned 204 percent in 2008, has doubled bets this year on greater fluctuations in markets including currencies, commodities and equities. The manager overseeing $626 million has increased volatility investments to 90 […]
Hedge funds plan to sue Vodafone for better Kabel Deutschland terms: sources
Reuters – Three hedge funds who tendered shares enabling Vodafone to successfully bid for Germany’s largest cable firm plan to sue for a better price for their outstanding holdings, three financial sources with knowledge of the matter said on Friday. […]
Hedge Fund Industry Took In $8.2 Billion In July 2013
New York (HedgeCo.Net) – BarclayHedge and TrimTabs Investment Research reported today that the hedge fund industry took in a net $8.2 billion (0.4% of assets) in July 2013, reversing an $8.9 billion outflow in June, according to estimates based on […]
Top Celebrities Come to the New York Trading Floor in Support of Charity Day
New York (HedgeCo.Net) – Cantor Fitzgerald & Co., together with its affiliate BGC Partners, Inc., raised approximately $12 million at the companies’ annual commemorative Charity Day on Wednesday, September 11, 2013. The company lost 658 employees during the World Trade Center attacks. Some of the […]
Druckenmiller: Surprised by Soros’ Comments About Hedge Funds
ValueWalk – Hedge fund icon and former Chairman, President and CIO of Duquesne Capital, Stan Druckenmiller joined Bloomberg Television’s Stephanie Ruhle and Erik Schatzker on “Market Makers” for a full hour and said, the government must address entitlement spending “This […]
Mastic Hedge Fund Appoints James O’Brien as Chief Executive
BusinessWeek – Mastic Investment Advisory AG, the Zug, Switzerland-based commodities hedge fund, appointed James O’Brien as chief executive officer and chief risk officer. O’Brien is a former colleague of Mastic Chief Investment Officer Kieran McKenna from Goldman Sachs Group Inc., […]