Monthly Archives: September 2011
Regal Funds Targets Australia Mine Boom
Bloomberg – Regal Funds Management Pty Ltd., an Australian hedge fund manager with A$1 billion ($1.03 billion) in assets, has started a natural resources fund it forecasts will attract as much as A$200 million from investors betting on rising commodity […]
Equity based strategies hedge fund winners
Financial Standard – Regal was awarded Australian Hedge Fund of the Year at the annual Cure Our Kids Australian Hedge Fund Awards. Bennelong and Macquarie lost out on the top spot, with equity-based strategies dominating the talent field. Regal Tasman […]
Goldman Sachs shuts hedge fund after hefty losses
Sydney Morning Herald – Goldman Sachs is closing a well-known hedge fund that relies on computer-driven trading strategies after the portfolio rang up a hefty loss this year. Goldman told investors in the roughly $US1.6 billion ($1.55 billion) Global Alpha fund […]
Testimony: Hedge Fund Had Early Info On iPad
New York (HedgeCo.net) – Former Samsung manager Suk-Joo Hwang has admitted to leaking early information on the iPad to representatives from an “expert network” firm and a hedge fund, according to Apple Insider. In exchange for immunity, Hwang testified in […]
4th Annual Benefit for Hedge Funds Care
The Hedge Funds Care Los Angeles Committee of Hearts will unite Southern California hedge fund managers and other alternative investment industry members in support of Hedge Funds Care, a global non-profit organization that works to prevent and treat child abuse. […]
The Changing Role of Hedge Funds in the U.S. Economy
Dr. Everett Ehrlich released a report on hedge funds’ potential to add billions of dollars in annual returns to U.S. pension plans and university endowments. The paper, entitled “The Changing Role of Hedge Funds in the U.S. Economy,” uses cutting-edge […]
Judge Says Hedge Funds May Have Used Inside Information
New York Times – There have long been whispers on Wall Street that hedge funds have hijacked the bankruptcy process, using their influence as debt holders to obtain and trade on insider information about when and how a company will […]
Goldman asset management CIO Domotorffy retires
Reuters – Katinka Domotorffy, the head of Goldman Sachs Group Inc’s quantitative investment strategies group, will leave the bank at the end of the year, according to an internal memo, as one of its biggest hedge funds continues to suffer […]
Cohen’s SAC Capital scores legal win over Fairfax
Reuters – Hedge fund titan Steven Cohen scored a legal victory when a New Jersey judge tossed out a long-running civil lawsuit filed against his SAC Capital Advisors by insurer Fairfax Financial Holdings. In court order signed on Sept. 12, […]
Super funds push for better hedge fund governance
Financial Standard – Four major super funds have joined forces to create a set of principles on how hedge fund managers should operate and manage risk – a move designed to improve investor confidence and stimulate more mandates into the asset […]
Black Swan Funds Said to Soar Amid Europe Crisis
Bloomberg – Hedge funds created to protect investors against market shocks in the wake of the biggest recession in seven decades are soaring as Europe’s intensifying debt crisis infects markets globally. Saba Capital Management LP’s $550 million so-called tail risk fund […]
Bill Ackman’s Hong Kong Currency Bet, And How You Can Play It
Forbes – At a lunchtime keynote at Wednesday’s CNBC Institutional Investor Delivering Alpha conference, the founder of Pershing Square Capital detailed a trade on the Hong Kong dollar, which has been pegged to the dollar for decades and depreciating right […]