Monthly Archives: September 2012
“Hedge Fund Madam” Pleads Guilty To Pimping
New York (HedgeCo.Net) – The woman who claimed to have a long list of hedge fund clients and connections in high places has pleaded guilty to a single count of promoting prostitution. Anna Gristina has accepted a plea deal including probation which […]
Deutsche Bank’s Lehr Quits for Hedge Fund With Associates
Bloomberg – Hal Lehr, a managing director and global head for cross-commodity trading at Deutsche Bank (DBK) AG, resigned to form a hedge fund in New York with three of his former associates. Lehr, who previously worked at Soros Fund […]
A Hedge Fund Manager Is Building An Ultra-Lavish Mansion For His Chickens
Business Insider – London-based hedge fund manger Crispin Odey, the founder of Odey Asset Management, is planning to build a 775 square-foot Palladian-style chicken coop, the Telegraph’s Harriet Dennys reports. Here’s how the Telegraph describes it… The temple’s roof – adorned with an Anthemia statuette […]
Hedge Funds Bullish on Silver as Hoard Nears Record: Commodities
Bloomberg – Hedge funds are the most bullish on silver in seven months and investors’ holdings are expanding toward a record on speculation the metal will outperform gold as central banks seek to boost growth. Wagers on rising prices jumped […]
Hedge Fund Pivot Joins BTG to Defy Bacon’s Investment Desert
Bloomberg – Carl George’s $1.7 billion hedge fund at Pivot Capital Management Ltd. rose 17 percent in 2011 after he predicted a surprise interest rate cut in Brazil. He gained another 6 percent in the first eight months of this […]
The Hedge Fund Manager & The Leaked Romney Fundraiser Video
New York (HedgeCo.Net) – A video leaked of Mitt Romney making disparaging remarks about Obama supporters at a $50,000-a-plate Boca Raton fundraising event, may have been illegally taped according to Florida laws. The video of the Republican nominee making negative remarks about 47% of the country was recorded […]
Lehman to Pay Creditors Another $10.5 Billion
Reuters – Lehman Brothers Holdings Inc. on Tuesday [Sept. 25] said it will pay about $10.5 billion to creditors starting early next month, the second leg of a plan to eventually pay out more than $65 billion. Lehman will distribute […]
Goldman Sachs sets up hedge fund platform
FierceFinance – Funds of hedge funds have disappointed plenty of limited partners as of late. In some ways, this segment of the industry has performed the worst since the financial crisis in terms of inflows. Criticism has been rampant, which has […]
A Hedge Fund’s Complex Scheme May Cost It Millions
DealBook – Hedge funds are supposed to be the smart money, but sometimes even they can be outsmarted. Take the case of Mason Capital Management and the Telus Corporation, a large Canadian telecommunications company. Mason Capital, a New York and London […]
Hedge Fund Skeptics Warn on ‘QE Infinity’
CNBC – “A man’s got to know his limitations,” says “Dirty Harry” Callahan, the gun-toting, rule book-ignoring cop immortalised by Clint Eastwood in Magnum Force. It is a principle the US Federal Reserve – which earlier this month embarked upon […]
Portfolio Managers Embrace Alternatives
Barron’s – Risk has become the ultimate four-letter word for managers of investments of major institutions such as pension funds and endowments. And risk, as they see it, extends beyond the chance of loss in overpriced stocks such as Facebook (ticker: FB), […]