Monthly Archives: September 2011
Hedge funds that kept Midas touch
This Is Money – These are supposed to be dire days for the once invincible-seeming hedge funds. On Wednesday shares in Man Group crashed by almost a quarter after it revealed clients pulled out $2.6billion (£1.6billion) in funds over the […]
Hedge funds can profit from global economic crisis
The Bureau of Investigative Journalism – When millionaire hedge fund tycoon, Bill Browder realised at the start of the year that recovering world markets were once again heading for the rocks, he was staring down the barrel of an enormous loss. ‘I […]
SEC registration may apply to smaller hedge funds
Market Watch – The Securities and Exchange Commission’s proposal on hedge-fund registration could subject fund managers with less than the $150 million in assets to the regulation. Hedge funds typically refer to net capital raised when they talk about asset […]
Survey: Hedge Funds Spend $2 Billion On IT
New York (HedgeCo.net) – Citi Prime Finance has released the new survey results on how much hedge funds’ are spending on IT. The survey documents for the first time both the industry’s aggregate expenditure on IT and the average expenditure […]
SEC Accuses Hedge Fund Manager of Fraud
WSJ – The Securities and Exchange Commission accused NIR Group LLC’s Corey Ribotsky of fraud, alleging that the Long Island, N.Y., hedge-fund manager and his firm hid losses and spent investors’ money on cars, a Rolex watch and other luxuries. […]
San Francisco Hedge Fund Team Accused of Providing SEC With Phoney Paperwork
New York (HedgeCo.net) – The SEC has charged San Francisco-area hedge fund adviser Kurt Hovan with fraud for lying to clients about brokerage commission rebates and producing phony documents to cover up the fraud during an SEC examination. “The SEC’s […]
Pimco’s Bridwell to Head Alternatives in Hedge Fund Push
Bloomberg – Pacific Investment Management Co. named Jennifer Bridwell head of alternatives product development as the firm expands hedge funds and distressed-debt strategies. Bridwell was previously head of mortgage strategies development at Newport Beach, California-based Pimco, where she has worked […]
Greek Bonds Lure Some, Despite Risk
NYT – Greece may never be able to pay off its huge debts, but its bonds, long scorned by investors, are suddenly being gobbled up by hedge funds. After a number of investors struck gold by betting against French banks, […]
Hedge funds face new round of redemptions
MarketWatch – The hedge fund industry is braced for a new round of redemptions after two months of poor performance and growing investor desire to move money into cash. The world’s largest listed hedge-fund manager, Man Group PLC , stoked […]
Apple of their eye: U.S. hedge fund top holdings
The Globe And Mail – On Wednesday, we looked at the stocks that most often pop up at the top of the biggest holdings of the 50 largest U.S. mutual funds. Today, we turn our attention to the most popular […]
Hedge Fund Manager Loeb Challenges Navy Seals to a Race
CNBC – “In the spirit of one of the Navy SEAL Foundation mantra, ‘all in…all the time,’ prominent money manager Daniel Loeb, Founder and CEO of Third Point LLC, challenges three Navy SEAL Foundation Directors, all former SEALs, to run […]
Canberra’s hedged bet on bad debt
Business Spectator – Australia’s banking fraternity will be feeling a lot more relaxed today after Canberra backed away from changes that would make it much easier for troubled companies to keep trading. At present, there’s very little incentive for directors […]