Monthly Archives: September 2012
Hedge funds up 0.47% in August 2012
New York (HedgeCo.Net) – The Eurekahedge Hedge Fund Index gained 0.47% during the month. Market sentiment was optimistic for most of the month, with prospects for QE3 increasing, positive signals from the Euro zone and stronger US economic data. The MSCI World […]
Fitch: Hedge funds face challenge balancing reinsurance/returns
Reuters – Several well-known hedge fund managers have backed new reinsurance vehicles, with the aim of using stable premium flows in lower-risk underwriting business to support higher returns on the companies’ asset portfolios. The business model sounds simple, but achieving […]
Asian hedge funds looks for volatility opportunities
Risk.net – Volatility hedge funds operating in Asia have reported some spectacular losses since 2008. Despite this, there are still funds operating in the volatility arena. What strategies are working best and why is volatility so low? Long volatility funds […]
Hedge fund charges not catching on with UK mutual funds
Reuters – Britain’s mutual funds are shunning a hedge fund-style method of charging clients, where investors pay fees as a proportion of outperformance by the fund manager, following a revolt by financial advisers selling the funds, a study has found. […]
Wells Fargo Re-Brands Its LaCrosse Global Fund Services Hedge Fund Administration Business
The Street – Wells Fargo & Company (WFC) today announced that its hedge fund administration and middle-office service provider, LaCrosse Global Fund Services (LaCrosse), has been re-branded as Wells Fargo Global Fund Services. The newly-named firm will continue to provide […]
Hedge fund manager surrenders expensive watches, fancy cars, airplane and backpack of cash
Al.com – A federal judge last week issued a final forfeiture order against a Tampa, Fla., man who pleaded guilty to defrauding investors from the Mobile area and elsewhere through a hedge fund that he managed. The $2.34 million judgment […]
Wiretaps: Rajaratnam’s Hedge Fund Insider Trading Appeal Set For October 25
New York (HedgeCo.Net) – A panel of three judge from the federal appeals court is scheduled to hear arguments from hedge fund founder Raj Rajaratnam in a bid to overturn his insider trading conviction. Rajaratnam is pleading on the grounds that the […]
UK parliament renews pressure on Barclays tax avoidance
Risk.net – The UK parliament’s Treasury Select Committee has renewed its pressure on Barclays by releasing letters describing a failed tax avoidance scheme in 2011. Committee chairman Andrew Tyrie noted that much of Barclays’ explanation to the committee for the scheme – […]
Treasury to cut AIG stake below half in $18B sale
AP – The U.S. government is selling more of its shares in insurer American International Group Inc., in a move that should decrease its holdings below a majority stake for the first time since the $182 billion bailout in 2008. […]
Hedge fund’s risky ties to Revel casino shine light on N.J.’s investing habits
NJ.com – Gov. Chris Christie isn’t the only one betting on Revel. A hedge fund that manages $200 million in New Jersey public pension money also has a financial stake in Revel, Atlantic City’s newest and sleekest casino hotel, a […]
Hedge Fund Tech Provider Launches AlternativeSoft 3.0
Press Release – AlternativeSoft, the leading provider of world class analytics for manager research and portfolio construction in the alternative and long only markets, announced its new major software release for 2012, AlternativeSoft 3.0. The firm who is renowned for […]