Monthly Archives: September 2011
Hedge Fund Expert Joins Cambridge Associates’ Research Team, Hedgeye, Investcorp Moves
New York (HedgeCo.net) – Former Lehman Director Samuel Belk has joined investment consultant Cambridge Associates as Director of Diversifying Investments. Cambridge Associate has over 900 global investors representing more than $2.5 trillion in aggregate assets. Belk was most recently a Managing […]
Caxton’s Bruce Kovner to Step Down After 28 Years With Law to Become CEO
Bloomberg – Bruce Kovner, the billionaire co- founder of Caxton Associates LP, is retiring from the $10 billion hedge fund, ending a three-decade run during which he traded everything from soybeans to Japanese yen futures and returned twice as much […]
The HedgeCo Fall Networking Event
New York (HedgeCo.net) – As autumn approaches, the HedgeCo Fall Networking Event is a chance for investors, hedge fund managers, and other industry professionals to come together and enjoy a night of sharing ideas and meeting new contacts. Recognized as […]
Post-crisis, nimble hedge-fund strategies survive
CNBC – The financial crisis of 2008 was a turning point for the hedge-fund industry. More than 200 funds went out of business, according to Hedge Fund Intelligence. And outflows of investor capital in 2008-2009, exceeding USD 70 billion, pressed […]
Ainslie’s Maverick Cap backfires in August
Reuters – Maverick Capital’s Lee Ainslie took a bath last month when his flagship hedge fund racked up a double-digit loss, pushing it solidly into the red for the year, said two people familiar with the results. A smaller more […]
Buffett: Tax disparity on display
Omaha Herald – Moving from managing a hedge fund to managing money for Warren Buffett might seem like a dream for a professional investor. But the switch carries a hefty price, Buffett said Tuesday, continuing his criticism of what he says […]
Weavering case ‘abhorrent’ says local directors’ body
Cayman News Service – Following its review of the recent ‘Weavering’ case where a judge condemned the role of the directors in a hedge fund case and awarded millions of dollars of damage against them, the Cayman Islands Directors Association […]
WaMu Fails Again to Win Approval for Reorganization Plan
Bloomberg – Washington Mutual Inc. failed for the second time to win approval for its plan to pay creditors more than $7 billion as a bankruptcy judge sided with opponents, including shareholders. U.S. Bankruptcy Judge Mary Walrath in Wilmington, Delaware, […]
Copper is the New Gold, Predicts Global Macro Hedge Fund Manager
Steve Shafer, Chief Investment Officer for Covenant Financial Services, LLC (“Covenant Investors”), thinks copper may soon rival gold as the world’s most sought-after metal because of its key role in China’s unprecedented electrification efforts. Unlike gold, he adds, the copper […]
President Obama Takes On The Billionaires Of Private Equity
Forbes – President Barack Obama’s plan to pay for his $447 billion jobs plan by ending the carried interest tax break sets up a massive battle with Wall Street’s Masters of the Universe, the hedge fund and private equity billionaires […]
Post-Crisis, Nimble Hedge Fund Strategies Survive
CNBC – The financial crisis of 2008 was a turning point for the hedge fund industry. More than 200 funds went out of business, according to Hedge Fund Intelligence. And outflows of investor capital in 2008-2009, exceeding $70 billion, pressed […]