Monthly Archives: September 2012
Goldman’s Quants Court Advisors After Shutting Hedge Fund
Advisor One – A year after shutting its fallen-star hedge fund and replacing its quantitative investment strategies group head, Goldman Sachs Asset Management is back on track with a successful risk-management fund that targets RIAs as investors. The Goldman Sachs […]
eVestment|HFN Hedge Fund Survey: Consolidation A Key Trend
New York (HedgeCo.Net) – European economic challenges continue to weigh negatively on an otherwise positive year for hedge fund administrators, according to a new survey by eVestment|HFN. “The administration industry is feeling the effects of the European crisis,” said Peter […]
Hedge Fund People: Stephen Dedyo Joins Pyxis Capital
New York (HedgeCo.Net) – Stephen Dedyo has been hired as Managing Director and Head of National Accounts for hedge fund advisor Pyxis Capital’s distribution team. He will report to Brad Ross, President of the Dallas based company. Dedyo joins from Janus Capital […]
City Kills Plan to End Hedge Fund Tax Break
New York Observer – The New York City Department of Finance is backing off a proposed policy change that would have increased the tax liability of hedge funds and private equity firms, according to an article published by Tax Analysts. The […]
Farmer’s Daughter Haugerud Reaps Riches on Drought-Struck Corn
Bloomberg) — For three excruciating weeks in May, Renee Haugerud, the founder of New York hedge fund Galtere Ltd., agonized that her wager on corn was a massive mistake. She had started buying in March, when futures contracts averaged about $5.59 a […]
Beau Taylor profit jumps as oil boosts hedge-fund returns
CTpost – Hedge funds from Beau Taylor’s Taylor Woods Masters Fund to Brevan Howard Asset Management LLP’s commodities fund gained in August as surging oil and grain prices drove commodities to their third monthly advance. The Taylor Woods fund, which manages more than $1 […]
Hedge funds boost bets as QE3 pushes oil to US$100
Financial Post – Hedge funds raised bullish bets on oil to a four-month high just before futures surged on Federal Reserve Chairman Ben S. Bernanke’s plan for a new round of growth-boosting measures. Money managers increased net-long positions, or wagers […]
Clamp on hedge funds to shield investors
Brisbane Times – Investors dabbling with high-risk hedge funds should be better protected from losing their money under new rules drawn up by the corporate watchdog. The Australian Securities and Investments Commission will force hedge fund managers from June to […]
Hedge funds up 3.16% YTD, August
New York (HedgeCo.Net) – September’s edition of The Eurekahedge Report reports that Asian hedge funds currently stand at $125.5 billion, they saw 800% growth between 2000 and 2007. The industry witnessed negative returns in 2011 but there were still some sectors providing exceptional […]
‘Green’ hedge fund Sustainable Resources looking at up to $100m of opportunities in the Philippines
Opalesque – Newly-launched agro forestry and sustainable resources investment hedge fund Sustainable Resources Fund is looking at possible investment opportunities of up to $100m in agriculture and forestry in the Philippines. Managed by Sustainable Capital Luxembourg S.A. the fund’s advisor, Michael Young was […]
Office Depot Pressured by Activist Hedge Fund, Shares Rise
InvestorPlace – Shares of Office Depot rose on word that a hedge fund has acquired a significant stake in the company and was pressuring its management to make changes. In a letter to Office Depot’s board, Starboard Value announced that it had acquired […]